When you want to stay on top of your business activity, one effective way to do it is through cash flow forecasting with the right data and tools. Developments in technology such as cloud computing and software applications have made it more simple than ever to make accurate projections and keep your business on a path of success and growth.
Benefits of Cash Flow Forecasting
Cash flow forecasting software tracks your enterprise’s cash inflows and outflows so you always know how much money your company has on hand. Forecasting software allows you to see information whenever you need it, which reduces your risk of running out of cash and lets you spend more time focusing on growing your business. Cash flow forecasting makes you aware of approaching issues, such as slowing sales and increasing costs, so you can take appropriate action. You can download cash flow forecasts from your software and use them as external reports for banks when you’re trying to secure a loan or for private investors when you’re trying to obtain funding. Having accurate cash flow projections strengthen your vendor relationships, because you know the right time to submit orders and not fall behind on payments. While multiple software options exist for your small business, these three stand out as worthy of closer examination.
QuickBooks Cash Flow Forecast Software
You might want to look at how QuickBooks Desktop cash flow forecasting features empower you to make detailed projections based on your revenue and expenses. QuickBooks Online allows you to generate cash flow reports, make smarter decisions, spend your time more wisely, and help your company perform better. Ranked as the #1 category leader in Billing & Invoicing by GetApp, the Quickbooks mobile app lets you create and send invoices and track expenses from anywhere so that you’re always on top of these key cash flow drivers.
Pulse Cashflow Forecast Software
Pulse cash flow projection software application integrates with QuickBooks seamlessly. You can connect your QuickBooks Online account to track your cash on hand every day, week, or month and make accurate financial projections. Pulse lets you organize your income and expenses by account, project, category, or company. A feature allowing you to attach material such as a contract or an invoice to individual income or expense items enhances your document organizing and simplifies tax time. Your transactions post in real time, giving you up-to-date data for your calculations. Whether you own a small business or are an accountant with small business clients, this cash flow software might improve your business’s operation efficiency.
PlanGuru Cash Flow Forecast Software
PlanGuru lets you take a proactive stance in your analytics, cash management, and budgeting responsibilities. This cloud-based financial forecasting software for small business offers analysis from 20 different forecasting methods. You can customize the software, analytics, and system reports for your type of business, and import up to five years of data from QuickBooks to fine-tune your calculations based on past results. Security features allow you to set four data access levels, giving you greater control in protecting your information,
Integrating forecasting software apps into your budgeting process is one way to realize more effective financial management of your small business. Improve your cash flow with invoices, payments, and expense tracking. See how much cash you have on hand with QuickBooks.