Closing balance is the amount remaining in a Xero account at the end of a period and is calculated by subtracting total expenses and withdrawals from total deposits and income.
With Databox you can track all your metrics from various data sources in one place.
Used to show a simple Metric or to draw attention to one key number.
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 Closing Balance using Databox, follow these steps:
Get a financial snapshot with our "Financial Overview Dashboard." Tailored for decision-makers, it offers real-time insights into revenue, expenses, and profitability. Drive financial success effortlessly.
The New Email Subscribers metric tracks the number of contacts who have recently subscribed to your email list. It helps measure the growth and success of your email marketing efforts.
Followers is a Twitter metric that reflects the number of users who have decided to subscribe to a specific account to have access to their posts and updates. It is a reflection of an account's reach and influence on the platform.
The Budget Summary by Type metric provides a breakdown of budgeted amounts for income and expenses by category type.
Total Expenses (Budget) is a financial metric that represents the total amount of money allocated for expenses during a specific period, as planned or forecasted in the budget. It helps to monitor the actual expenses and ensure that they align with the company's financial goals and objectives.
Other Income is a revenue source recorded in Xero that is not derived from a business's primary activity or core operations. It includes proceeds from one-time events, investments, or sale of assets.
Gross Profit Margin is a financial metric that measures how much profit a company makes after deducting the cost of goods sold from its revenue.
The Bank fees metric tracks the charges levied by a company's bank for various services such as transaction fees, overdraft fees, and account maintenance fees.
The Quotes Invoiced metric measures the total value of quotes that have been converted to invoices within a specific time period in Xero accounting software.