1. Cash In – This section is used to contain all forecasted cash into your business, e.g. customer/client payments. This should only be for existing contracts/sales and not speculative scenarios (use the ‘What if’ Cash In section for this).
2. Cash Out – This section is used to contain all forecasted Cash Out of your business, e.g. Salaries, office rent/heating & lighting, materials, expenses etc.. Again, this should only be for known/planned costs and not for speculative ones (use the ‘What if’ Cash Out section for this).
To get a closer look at this, go to our Cash In/Out Video Guide at:
3. ‘What if’ Cash In – This section is different from the Cash In section as this is will allow you to forecast what your cash position would be if a potential Cash In scenario were to occur, e.g. ‘What if we won that contract/made that new sale, what effect would that have on our cash position?’
4. ‘What if’ Cash Out – This section is different from the Cash Out section as this is will allow you to forecast what your cash position would be if a potential Cash Out scenario were to occur, e.g. ‘What if we won a contract/made a new sale and needed extra people and/or new material or what if we opened up a new office – what effect would that have on our cash?’
Visit our ‘What if’ Scenario Demo Video for an overview of how to get the best from this section:
5. Analysis – This section is used to give you a quick view forecast summary. It is also, most importantly, the section where you update, in the yellow row, your current bank balance (i.e. your cash position) – it is by updating this that will keep your forecast up to date.
6. Reports – This section contains the following reports:
- Cashflow Forecast;
- Total Cash In/Out Forecast;
- Forecasting Accuracy (can be used if you update the actual values for what actually occurred, permitting a comparison against what you forecast to occur) Note, updating actual values is optional, i.e. not necessary for your cashflow forecast;
- Actual Cash Position;
- Cash Movement;
- Cash In Pie Chart;
- Cash Out Pie Chart.
Plus, available if you use the ‘What if’ Cash In/Out sections;
- Overall Cashflow, including ‘What If’ Cash, Forecast – likely to be your most important/most used report;
- Total ‘What if’ Cash In/Out Forecast;
- ‘What if’ Cash Sensitivity.
Reports can be tailored in various formats such as Data Tables, Line Graph, Vertical Bar Graph or Pie Chart for any date range of your choice, in Monthly, Weekly or Daily view.
Click here for the Analysis and Reporting Video Guide:
7. Settings – This section will permit you to manage your application – your Simply Cashflow settings, Company Data, edit/add Users, Edit your Cash In/Out and ’What if’ Cash In/Out Entry headings, and Licence details.
And last but not least the Getting Started Video is worth watching for those new to Simply Cashflow.
Try Simply Cashflow Free for 60 days ….
Hope that helps.
Irene Morrison, Account Manager, Simply Cashflow