Daily, weekly, monthly, quarterly scenario views
There are one-click, daily, weekly, monthly, and quarterly cash flow and forecast views to give you peace of mind over the numbers. You can also drill into the detail of every transaction, so there’s no more, “How did that figure get there?”. It’s complete clarity and peace of mind for you.
The biggest difficulty when faced with a 3-way spreadsheet forecast or budget, is to understand the rationale behind why numbers are the way they are, both via the dependencies of cell values and formulas that may reference numbers that are on different tabs of the workbook.
Is there another sheet feeding daily figures into the assumptions? Is there a workings sheet with multiple payment profiles at play? Is there another workbook that has dependencies that need to be updated every time you open the primary workbook? Is every formula accurate? How can you be sure?
It is little wonder that many business owners choose to put their heads in the sand when it comes to business planning and modelling as it’s just too hard.
As you create your plans, forecasts, budgets or scenarios in FUTRLI, the heavy lifting concern is gone. Every transaction you create (read more about what goes on behind the scenes here) has multiple associated transactions (journals) that are created when you hit save. If you want to know what the detail of the headline figures are you can do a few things:
By using the above techniques on all four of the tabs in your scenarios (Workings, Profit & Loss, Balance Sheet and Cash flow) and by using unique names for your forecasts, this can really help you to find any figures that perhaps, on reflection need amendments. Should you pay your suppliers later? Is there a pre-payment that will make a big difference? If your customers paid you faster, how is your cashflow then?
“Their cashflow modelling is the best that I have used in my 30 years in this business.” - Paul Redmond