improve cashflow

Improve Cashflow with Flow Software

 

Business owner man cashflow Xero Flow Software

My favourite thing about Flow is that it doesn’t mess around. No need for studying accounting books or endlessly Googling how to read your financial reports.

It’s a daily cash management tool for small business. It pulls your hidden, critical information out of your accounting software and brings it right out into the light of day.

It’s great if you’re feeling overwhelm and just need the simple facts so you can get stuck in.

From the Futrli website, some of the ways Flow can help the small business owner:

  • Quickly identifies hidden poor payers
  • Calculates the right time to pay bills
  • Helps you understand how to make the right decisions to keep more of your cash in your account

An example of how Flow communicates with you:

FlowScreenshot2Snipped

And this:

FlowScreenshot1Snipped

Once you connect Flow to Xero they sync on average every 12 hours – giving you up to date information to work with. Because your software is integrated, as you’re scrolling through your posts in Flow, you can click on those posts and you’ll be taken over to Xero to look at the actual Invoices and Bills that Flow is referring to (with the Pro version).

I recommend pinning posts in Flow so that you can go straight to the information that’s important to you if you are short on time.

Soon Flow will also integrate with Slack and Gmail.

Getting on top of your debtors and creditors is one of the easiest ways to improve cashflow. I think we tend to just accept things how they are though and honestly we don’t realise how much of a difference working on these key areas of our business can help turn our business around. Whether it’s in a time of urgent need to stay afloat (like a lot of small businesses are experiencing right now) or during those times when our business is looking strong and we’re wanting to spend some money and take it up a level.

Flow is very easy on the budget and easy to use. There’s a free version with the basics and the Pro version with some nice extra features that are worth the small monthly subscription.

Happy bookkeeping…

                                              Sarina

 

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