Live position on live cash flows
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Hi
I am soon to start at a new company and wish to use the cash forecasting tool I purchased to track “live” cash flows as the company is operating an invoice discounting system so I need to keep a keen eye on the current situation. Is this possible with the software I have purchased or is it mostly a forecasting tool to use in external funding?Sorry if this is a strange question, I have not looked at the instructions or set it up yet… I am asking I suppose…. can I keep updating it to give me a live position on how cash is or is it a cash flow target system for me to monitor against?
AngelaHello Angela,
Thank you for your support question. I’ve posted it here for you instead of by the contact form. This helps others then who might have the same question. Also, your questions will get answered more quickly here.
Cash Forecaster is not really designed for updating in the way you describe.
I suppose you could do this, but Cash Forecaster is really designed for preparing cash flow forecasts and reports for budgeting and for using with banks and investors or shareholders and directors for raising finance or loans etc.
The product I sell which is better suited for what you are looking for is this one here: http://www.bowraven.com/product/weekly-cash-forecasting-template/
This one is a weekly cash flow forecast, which you can regularly update to actual.
I hope this helps.
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