Understanding the "Balance by Credit Cards" Metric
This is a financial metric in QuickBooks that measures the total debt on credit cards, including current and overdue balances, as of a certain date.
Why "Balance by Credit Cards" Matters
Keeping track of this metric is crucial as it directly impacts a business's financial health and credit rating.
Key Aspects to Consider with "Balance by Credit Cards
When analyzing this metric, it is important to consider the interest rates on the credit cards, as well as any penalties for overdue balances.
Optimizing the "Balance by Credit Cards" Metric
To get the most value from this metric, businesses should aim to maintain a low credit card balance, pay off debts on time, and regularly review this metric for any discrepancies or unexpected charges.