What cash flow metrics are included in the MakersHub cash flow dashboard?

MakersHub allows you to see your cash flow snapshot and forecast. The forecast looks into the future based on dates that bills are due and that invoices were sent. This includes projections based on;
Your Accounts Payable overview (what bills you are owing). Your Accounts Receiveable overview (what your customers owe you). Your cash balance, what you have in your bank accounts currently. Your burn rate, how long cash will last given current and projected AP & AR.

Where does MakersHub pull the cash flow data from?

MakersHub pulls data from QuickBooks, this does mean that your cash flow forecasts are only as accurate as your books. Luckily, MakersHub improves the accuracy of your books over time. We allow you to easily keep up to date with incoming bills, and our Auto-mapping feature let’s you set flexible rules to code items and expenses to the right place in your accounting system every single time; Customer, job, Chart of Account, Accounting Class, etc.
MakersHub has a deep QuickBooks integration. This allows us to show you meaningful data without the old school method of running reports, then exporting and manipulating multiple excel sheets from QuickBooks.

How will cash flow data help me day to day?

MakersHub cash flow dashboards help your business thrive longer term:
Grow your revenue sustainably by creating an enduring business with healthy cash flow. That which is measured is improved. Understand exactly how you’re tracking all while eliminating tedious manual report creation. Understand your business drivers and what’s causing them. See more clearly what’s driving your cash flow cycle, COGS, and profitability. MakersHub allows you to start tracking customer and job profitability, see cash flow forecasts and what’s coming down the pipeline, and code COGS accurately every time. Predict changes before they happen, everyone’s worst nightmare is simply running out of cash. Use cash flow forecasts to eliminate this type of risk in your business. You can set up alerts when certain thresholds are met, get notified in real-time as changes occur. Never be caught out by cash flow crunches.

Is it normal to get cash flow insights from an Accounts Payable solution?

MakersHub is unique in that we have a deep integration to QuickBooks, allowing us to act as a ‘smart layer’ on top of your QuickBooks data. We’ll show you your own data in a more useful way than ever before. No other Accounts Payable solution offers the same cash flow and operations insights that MakersHub offers, usually, you have to pay for and integrate a whole other separate tool to get this type of analytics. Not to mention, MakersHub is also making your underlying data more accurate simply by using us to process all of your AP.

What is a cash flow management software?

Cash flow management software is a tool designed to help businesses and individuals in various industries make informed financial decisions about the management of their current future cash flows. These solutions can also come in the form of cash flow prediction software and even cash flow planning software, but each one is an innovative solution for people looking to better understand their finances, as well as plan for the future.
Using the right cash flow management software will help users better understand their financial situation: it can be used to predict outcomes based on various scenarios and help people make more informed decisions about transactions. With this type of tool at their disposal, users can develop the optimal strategy to maximize their cash flow and improve their decision-making processes business wide.

Which businesses would benefit from MakersHub CF management tool?

1. CF management for small businesses:

If you own a small business, cash flow management software can help you understand your financial health in real-time. It also allows you to make financial projections and set goals for the future. With this tool, you'll have access to valuable insights like spending habits and key performance indicators to help inform your decisions.

2. CF management for large companies

For larger companies, cash flow management software is essential for budgeting and forecasting expenses. It helps to ensure that resources are allocated efficiently so that projects stay on track and investments are made wisely. Additionally, it provides detailed reports that allow executives and stakeholders to see the current state of their finances along with potential opportunities for growth.

The right cash flow management software provides you with the data you need for informed business decisions!

No matter the size of your business, a cash flow management software can be an invaluable asset to manage your finances successfully. Indeed, making informed decisions based on accurate data will not only save your business money but also help keep operations running smoothly. What’s more, understanding how money moves through your organization can give you a better sense of control over its destiny – ensuring long-term success and sustainability.

Why should businesses use cash flow forecasting software?

Cash flow management software allows users to quickly analyze trends in their finances over time so they can identify areas where they could increase efficiency or save money. In addition, it can help them forecast potential changes in their financial future so they can prepare accordingly.

By having access to cash forecasts in an organized format, users are able to stay ahead of any potential financial issues and better manage their day-to-day operations.

1. Cash flow management software helps with creating a cash flow forecast. This provides an accurate picture of the company’s financial health and enables informed decisions to be made. The software also helps with creating a CF projection which assists in estimating future cash flows.
2. Cash flow management tools enable businesses to track their AP and finances in real-time for better planning, budgeting and tracking of expenditures. With these analysis tools, it is easier to identify AP patterns and take proactive steps in managing your business’s cash flow. Plus, CF tools can help prevent overspending and reduce losses due to errors or fraud, such as duplicate payments.
3. Thirdly, cash flow management software such as MakersHub provide OCR invoice capture capabilities as well as automated processing of invoices and payments. These solutions simplify the management of accounts receivable and accounts payable while keeping great control over finances. They also reduce manual processing time and errors associated with manual data entry.
4. Finally, having access to the right data can be invaluable when making business decisions: CF software provides business owners with the data they need to make informed decisions and achieve their goals quickly in today's competitive marketplace.

What are the key features of a cash flow management tool?

Cash flow management software enables businesses to easily manage their cash flow in real-time. This type of software helps keep track of income, expenses, and payments to ensure that there is a positive cash flow. With this software, users can create accurate cash flow projections and statements, as well as view their balance sheet and income statement.

Easy access to CF data through intuitive dashboards

The key features and benefits of cash flow management software include increased visibility into the cash inflows and outflows of a business. Cash flow management software such as MakersHub provide their users with a comprehensive view of their finances so that they can make informed decisions about how to best use their money.

Recommendations and alerts for improved CF tracking

MakersHub CF tracking software can alert users to unpaid invoices or overdue payments so that they can take appropriate action. These alerts allow businesses to be proactive about outstanding payments or debts so that they don't miss any opportunities for growth or improvement. It will also provide data-based recommendations on various payment terms, which will help them better manage their finances in the long run.

Easy integration with your accounting software

Managing your business's cash flow is quick and easy with forecasting tools that integrate seamlessly with QuickBooks accounting software. With MakersHub's powerful Cash Flow software, you can easily track financial decisions, plan for the future, and keep a close eye on your financial situation over time directly from Quickbooks.
Thanks to easy integration with QuickBooks and convenient features, keeping tabs on your business's finances is easier than ever before. Gain a comprehensive view of your finances so that you and your management team have access to the information necessary to make well-informed decisions about operating expenses and scenario planning!

Remove the stress of financial planning so that you can focus on growing your business with confidence!

What-if scenarios

Evaluate various possible outcomes that could occur when making decisions related to cash flow: identifying potential risks and opportunities that can arise from various decisions allows businesses to plan accordingly so that the best possible outcome is achieved.
Using MakersHub CF planning tools ensures that the cash flow of a business is managed in the most efficient and effective way and that unexpected scenarios are prepared for. A great what-if scenario example would be measuring impacts on business performances if there was a sudden increase in demand for its goods or services, or the business’s ability to adjust its expenses if there was a decrease in revenue.

Better manage your cash flow and improve your overall financial health with CF forecasting solutions.

And more!

Using cash flow management software will also bring the following benefits:
1. Improved transparency: Get up-to-date information on where all your money is going and coming from at any given time - empowering smarter decisions within your organization thanks to better cash visibility.
2. Increased efficiency: Automate manual processes such as invoicing, payments, reporting, and budgeting – freeing up staff time for more important tasks.
3. Improved accuracy: Eliminate errors caused by manual inputting with automated solutions that provide greater accuracy in reporting financial data.

How can businesses manage their cash flow efficiently?

Managing cash flow can be a major issue for businesses of all sizes, especially during uncertain times. Cash flow management software can help to get your finances in order and make sure that late payments are avoided. However, the most effective cash flow management involves more than just utilizing the right software. Here are some tips to help you manage your business's cash flow effectively.
1. First, reduce any unnecessary expenses as much as possible. Keeping expenses low is key to having a healthy cash flow statement and staying ready for various potential scenarios.
2. Second, review your bank accounts and cash position regularly to ensure there is no money slipping through the cracks.
3. Lastly, take advantage of cash flow management software such as MakersHub to keep track of all incoming and outgoing payments and ensure that all cash flows are accounted for properly.
With the help of the right software, you'll be able to keep track of all transactions quickly and easily without having to worry about late payments or other major issues related to cash flow management.

How to select the right software to improve your cash flow forecasting?

Consider your own unique requirements and goals when it comes to cash flow management. What do you need this software to do? Do you need an automated solution that can make projections and suggest strategies? Are there specific features or integrations that are essential for your business? It's also worth considering any additional services or training offered by the provider: MakersHub is a great example by offering advanced OCR data capture services in addition to CF management.
No matter which software solution you select, having a good system in place can make cash flow forecasting much easier - not to mention more accurate - so take the time now to find one that suits your specific needs.

What are different types of CF management softwares?

When it comes to cash flow management, the right software is essential. The most commonly found types of CF software available are Cash Flow forecasting solutions and accounting solutions.

Cash flow forecasting software

Cash flow forecasting software focuses on predicting future cash flows. It uses data from past transactions and financial records to identify trends and make predictions about upcoming cash flows. This type of software can help businesses plan for future expenses and manage their cash more efficiently.

Accounting software

Accounting software is another type of cash flow management tool. This type of software helps businesses track their finances by recording financial data, including income and expenses. Accounting software also typically includes features for budgeting, billing, invoicing, and reporting on financial performance.

What is the difference between CF tools and an ERP?

Enterprise resource planning (ERP) systems provide an integrated suite of tools for managing all aspects of a business's finances. ERP systems typically include or integrate with modules for accounting, inventory management, customer relationship management (CRM), project management, human resources (HR), and more. CF management would be a module of a full enterprise resource planning system.

How much will a cash flow management software cost?

How much does it cost to buy a cash flow management software able to budget, track income and expenses, and provide real-time insights into financial performance?
In reality, the cost of cash flow management software varies depending on what kind of features your business needs. There are free CF management tools available for basic budgeting, but more comprehensive packages offering advanced insights based on data like MakersHub can range from a few hundred dollars to several thousand dollars per year. For businesses, the costs may also vary depending on the number of users and other features included in the package.

When considering whether to invest in cash flow management software, it's important to look at your own needs and budget.

1. For small businesses or entities just getting started with budgeting and structuring their accounts payable,starting with free or low-cost options offering limited features might be temporarily sufficient until you get accustomed to managing your finances.
2. On the other hand, if you're a well-established business with multiple users or are in need of more advanced features like CF forecasting, it might be worth investing in a higher-quality cash flow management software like MakersHub.