Cash flow forecast software with opening balance (Easy opening balances)
Cash flow forecast software with opening balances is the same as a car with wheels. In other words, a car without wheels isn’t a car and neither is software without an opening balance feature cash flow forecasting software. If you’re a business with accounting periods before the beginning of the cash flow forecast period, you will have opening balances. At the very least you’ll have a starting bank balance to bring forward. But more than likely you will have opening balances of amounts owed to your business by customers and amounts owed by your business to suppliers. Then there’s opening stock, loans and fixed assets and depreciation to consider.