When you view your forecasting and reporting as a wall of numbers, it’s impossible to collaborate over. Futrli shows you real-time data for a live view of business, perfect for business owners and advisors. No one likes spreadsheets, and keeping your forecasting and reporting up to date can be a challenge. Futrli: Get a grip on your cashflow and make decisions about your business’ future, fast.Also, check out our blog on 5 tips to improve your cashflow.Īnd yep! There is an App for that. Everything is updated automatically so no manual entries which of course means more time and money to spend on other areas of the business. At a glance the business owner gets a current snapshot of the cashflow situation. This gives the business owner the cashflow information in real time in a spreadsheet version or a visually appealing graphic. What we do is advise our clients to manage their own cashflow BUT do it smartly using online apps that link with the cloud accounting platform we are using to manage their accounts. They pass this the business owner who doesn’t use it because the interface is too hard to manage OR the information is out of date. Not easy if there is multiple transactions and bank accounts. This takes too long to do properly and requires somebody to continually update and monitor cash in and cash out. With traditional forms of accounting – think desktop and multiple manual entry – a bookkeeper would create a spreadsheet with cashflow information. They get surprised and we get the chance to tell them why it’s better if bookkeepers don’t touch cashflow. ![]() They ask us to manage cashflow and we push back. With our clients at iKeep, cashflow is high on the agenda when we talk accounting strategy with them. Research shows 51% of start-ups close within four years with poor cashflow responsible for 41% of those closures. Unfortunately, tight cashflow is the reality for many small businesses in Australia. Great for business and great for your confidence. ![]() Positive cashflow is a business owner’s best friend.
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