‘Short Term Cash Flow’ and ‘Business Snapshot’ – how can these Xero Reports help you?

You may not have noticed them yet, but in Xero under the ‘Business’ heading, there are two relatively new Reports– ‘Short Term Cash Flow’ and ‘Business Snapshot’. These are available to both standard and premium plan holders.

In today’s climate – giving you an insight into how your bank balance could look in 30 days or providing an instant overview of how profitable your company is, with some useful percentages of gross profit margins and highest expenses, could be very useful when planning ahead.

‘Short Term Cash Flow’ – This provides a 7 to 30 day projection on your cash flow. You can choose to use just one of your bank accounts or incorporate more, if required. All your sales and purchase invoices’ due dates are taken into account into the cash flow, providing you with a 30 day projection of cash in the bank. The bank feeds will need to be up to date to improve the accuracy of this projection.

This could be useful for planning to pay out wages at the month end for example, giving you time to either chase some sales invoices or negotiate time to pay with some of your suppliers.

‘Business Snapshot’ – Comparing to previous periods, this provides you with visual graphs on profit & loss, gross profit margins, income & expenses, average payment times on sales and purchase invoices, financial position of assets to liabilities and an overall cash balance from your bank accounts. All on one page!

This can help provide you with a better understanding of your business’s financial position, providing useful trends as well as highlighting any issues with late collections on your sales invoices.

Author: Debbie MarriottXero & VAT Advisor @ Plus Accounting

Contact me on 01273 701200 or email debram@plusaccounting.co.uk

Debbie Marriott Plus Accounting portrait

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