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Xero Opening Cash Balance by Bank Account

The Opening Cash Balance by Bank Account metric in Xero is a report that displays the balance of each bank account at the beginning of a specified financial period. It provides a snapshot of the account balances before any transactions for the selected period have been entered into Xero.

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Opening Cash Balance by Bank Account 2.190,879

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About
Technical Details

The Opening Cash Balance by Bank Account metric in Xero shows the balance of each bank account on a specific date, typically the day before you started using Xero. This metric is important as it allows you to reconcile your bank accounts accurately from the very beginning of your use of Xero. It provides essential information on the starting point of each bank account and allows you to ensure that your records are accurate and up-to-date.

Example: Example use case: When reconciling bank accounts at the beginning of a new fiscal year, the opening cash balance for each account is used to ensure all transactions are accurately reflected and accounted for in Xero.

Visualizations

Bar and Line Chart

Used to show comparisons between values.

How to track Opening Cash Balance by Bank Account in Databox?

Databox is a business analytics software that allows you to track and visualize your most important metrics from any data source in one centralized platform.

To track Opening Cash Balance by Bank Account using Databox, follow these steps:

1
Connect Xero that contains the metric you want to track
2
Select the metric you want to track from the list of available metrics
3
Drag and drop the selected metric onto your dashboard
4
Watch your dashboard populate in seconds
5
Put Opening Cash Balance by Bank Account on the Performance screen
6
Get Opening Cash Balance by Bank Account performance daily with Scorecards or as a weekly digest
7
Set Goals to track and improve performance of Opening Cash Balance by Bank Account

Goals

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