Xero’s new short-term cash flow tool
Xero has recently released a simple, yet powerful tool to help businesses track and manage their short term cashflow. This interactive tool visually projects your bank balance from between the next 7 and 30 days.
The tool uses the due dates of your invoices and bills to plot a graph of your expected bank balance during the next 7 to 30 days. It is a great tool to help business owners understand their immediate cash flow position to make informed decisions and take some of the guesswork out of doing business.
One of the features I really like about this tool is the ability to drill down on the information used to populate it, directly in the report. You can view the invoices and bills due by date or by contact. The report also gives you the ability to add expected payment dates for overdue invoices and bills – increasing the report accuracy.
2. High-level summary for the month ahead
3.Group by date of contact. 5. Day by day summary of expected cash flow movements
If this looks like a tool that you want or need, a tool that will help you make informed decisions, give 118Accounting a call so we can help you switch over to Xero!