![]() ![]() ![]() Historically cash flow was something that businesses viewed a few times a year. With our short-term cash flow tool, you can work out which invoices you should follow up on, and see how your cash flow will change if you pay a bill this week versus next week. Using this data, it projects your bank balance 30 days into the future, showing you the impact of existing bills and invoices if they’re paid on time. Short-term cash flow : This tool takes all the relevant data from your Xero account – like your bank accounts, bills, invoices – to give you an up-to-date view of your business’ cash flow in one place.Overtime, you’ll be able to identify trends and evaluate where your business is at – including the option to see the impact of COVID-19 on your revenue compared to the same period the previous year. You can also see your balance sheet and cash balance. You can view a range of metrics including income, expenses, average time to get paid and average time to pay suppliers (debtor and creditor days). Business snapshot : This new feature is a visual dashboard of key financial metrics showing your business performance at a glance.We recently accelerated the launch of two new features in Xero to give you the visibility and insights to do this: ![]() Once you’re capturing all the right data in Xero, you’re in a great position to track your cash flow and build a robust buffer against unforeseen bumps. This will help you monitor spending as it happens so you can make fast and informed decisions. Employees can snap receipts and upload them to Xero in real-time and accurately track and submit mileage on the go. Xero Expenses: Xero Expenses enables you to claim and track expenses all in one place.Once bills and receipts are uploaded, the data is matched with your business’ bank feeds and ready for one-click bank reconciliation. The key data is then automatically extracted and synced into Xero. Hubdoc : This nifty tool allows you to easily upload bills, receipts and documents using a desktop, mobile, email or scanning device.You can set up multiple feeds from different banks (Xero works with most of the major business banking providers in the UK). This makes it easy to keep track of the money coming in and going out, and reduces the time you need to spend manually importing data and reconciling transactions. Automatic bank feeds : Bank feeds are one of the greatest innovations in accounting – by setting up feeds from your bank accounts, your transactions are imported automatically into Xero each business day.There are lots of tools available that capture all the information you need – from bank transactions to expenses and more. To generate a clear view of your business’ cash flow, first you need to make sure you’re capturing the right data in Xero. Read on to find out which tools are best suited to your business – and see how these tools work below. It can be tough to know which solution is right for you. To help with this, there are some amazing apps that work seamlessly with Xero to forecast business cash flow. This enhanced financial scrutiny is a new way of working for some and should remain in place as best practice for the long term. Financial planning has become a regular exercise for the majority of businesses and their accountants. ![]()
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