Xero’s short-term cashflow feature for businesses

Share This Post

Business cashflow is simply money coming in and money going out of the business. Your outgoings will include things like rent, payroll, taxes and supplies. Your income will be revenue from sales but might also include investment funds or the sale of assets.

For most businesses, income and expenditure don’t always happen at the same time so focussing on strong cashflow management will help you prepare for the shortfalls and also manage surplus income.

Cashflow reports allow you to look back at cashflow in your business. This can uncover cashflow patterns over time and show you how much money you need to run your business each month.

Cashflow forecasts look forward by combining payment dates and due dates for invoices, to give you an idea of what your cashflow will be like going forward.

Managing healthy cashflow

Xero’s short-term cash flow feature gives you an up-to-date dashboard view of your organisation’s cashflow. You can choose multiple bank accounts and see the projected cashflow over 7-30 days. The more information you include, the more accurate your forecast will be.

Healthy cashflow management gives you better control, so you are more prepared for growth or for the unexpected.

Read the article at Xero Central to learn more about this feature and talk to us about improving your business cashflow.

NOT AN EXISTING CLIENT?

Lets get you on board and help you increase efficiency, streamline the way you manage your business and become part of the BPI team.,

Stay safe and best regards.

The Team at BPI

Our articles are issued as a helpful guide to clients and for their private information. The information provided are general comments and do not constitute or convey advice for personal circumstances. As the situation remains fluid we are committed to providing you with the best support possible

More To Explore

NSW provides additional Land Tax relief.

Are you a commercial and residential landowner?  Have you provided a reduction in rent to your tenant who is experiencing financial distress as a result of

Empathy is good for business.

Our ability to see the world from the perspective of others is one of the most crucial tools in our business and personal toolbox. The