What keeps you up at night?
Is it worrying about remembering & being able to pay your bills on time?
Cashflow forecasting can help you keep on top of upcoming bills and projecting your bank balance into the future.
Tracking details of sales invoices and bills as they are added into Xero is great, what about expenses that don’t have purchases? For a service business like ours – wages are our biggest cost and make a huge difference to our cashflow projections.
Credit card payments could be a huge drain on your cashflow, not to mention ATO payments! How do you keep track of it all?
We recommend Float – it will update automagically when transactions are added to Xero, but also has placeholders for those other important expenses that don’t come with tax invoices. A simple graph shows daily projected bank balance so you’ll know about pinch points before they happen.
Planning to pitch for a big job or hire a new team member and wonder what that might do to your cashflow? Float has the ability to layer scenarios over the top of your standard info. You can add in anticipated extra sales and expenses to map if you’ll have enough cash or if you’ll need more capital to get you started before the sales start rolling in.
If worrying about your bank balance is keeping you up at night, ask us to help you setup your cashflow reporting for peace of mind.
