Cash flow forecasting software reviews

I have recently started using this tool and am finding the forecasting flexibility extremely valuable. It is fast becoming one of my "must-have" apps!! This is such an awesome tool to offer to our clients. I can't wait to share this and the ease of using this app. Such an essential piece of the business puzzle. So many great features which give me the ability to plan for the future!

Cash Flow Tool saves me about 20 hours a month in cash flow forecasting for my clients! I used to use complicated spreadsheets and never felt totally sure that my numbers were accurate. However, with Cash Flow Tool, I log in, update the financials, review the forecast and it's done!

I then get to meet with my clients, feel super confident and my client feels supported. Win Win Win! We started using CashFlowTool and got a slow start but our clients are requesting it so we jumped in and with the amazing support we have been able to offer a valauable service that we would never have the time to figure out on our own.

Out of the many apps I've tried, I haven't come across one that integrates simply, truly forecasts automatically, and provides deep enough insights until I started on CashFlowTool. This app has not only created value for my clients but a return for my firm. See your historical cash flow for the last 12 months as well as a future forecasted cash flow for the next 6 months.

See your forecast by month or week by clicking anywhere on the chart to reveal your cash-in or cash-out transactions. Watches over your business, analyzes your cash details and alerts you to things that actually matter.

Be alerted to unexpected bills like if your water bill is higher than normal. See over 30 important business metrics. You can create custom dashboards to suit your business needs, such as a sales dashboard, or a top customers dashboard. It's simple to customize the dashboard with any tiles that you like. Each KPI has one-click access to built-in video coaching, which explains the concepts in business owner friendly terms and gives recommendations on what to do in key situations.

A simple yet powerful heatmap displays shades of green for positive cash balance days and red for any forecasted cash flow shortfalls for a rolling 6 months in the future. You can also quickly perform a powerful what-if analysis to decide the best time to get a loan or when to delay paying a bill, all so you can see the impact on your cash flow.

Forecasting New. Resource Centre. Live Webinars. Help Centre. About Us. Free trial. Login Free trial. Start a free trial. Financial analysis Get in-depth analysis of your numbers and a clearer picture of your business performance. A great product, simple to use, even for people with no financial background.

Measure what matters Measure and monitor the KPIs which matter most to your business. Insights at a glance Understand your business better with visual insights. Management reporting Create custom management reports and share business results in a clear, compelling way. Fast Craft management reports for print or web — in minutes, not hours. Flexible Bring together text, charts, tables and financial statements — in one simple-to-use editor.

Automated Put your reporting on autopilot. This usually happens when customers are allowed to pay after the product or service is delivered.

In cases like these, a business owner must plan how they will cover costs before receiving the payment. On paper, the business looks healthy, but all of its sales are tied up in the accounts receivable. Unless Wayne Enterprises has plenty of cash on hand at the beginning of the month, they will have trouble covering their expenditures until they start receiving cash from clients. With a cash flow forecast, you ignore sales on credit, accounts payable, and accrued expenses, instead focusing on the revenue you actually expect to collect and the expenses you actually expect to pay during a given period.

If you just want to dive into cash flow forecasting, check out our free cash flow forecast template. Cash forecasting may sound like something boring that accountants do in big companies.

Not so! Access Template. As you can see from the example above, Wayne Enterprises expects to have a cash shortage in March. This results from a negative net cash flow when more cash goes out than comes in. Knowing that information ahead of time, the company can take steps to prevent the shortage from occurring. Wayne Enterprises has several options to avoid this shortage in March.