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Someone once said, In a small business, cash flow is more important than your mother. Strong words, but without cash in the bank, you may be forced to make near-term decisions that can harm the long-term prospects of your company. Without cash you may be forced to delay hiring key employees, pay late charges, lose prompt-payment discounts, keep inadequate inventory, etc. Analyzing your cash flow is the first step in assuring a healthy stream of cash.
To make proper use of Cash Flow Analysis, Accounting Plus needs to know about certain recurring transactions (recurring bills and recurring income). Accounting Plus can then combine that information with your outstanding payables and receivables and project your checkbook balance.
Check to see if your recurring transactions are entered:
• Save your regular checks (phone bill, rent, etc.) as Recurring Checks in the Spend Money window.
• Save your paychecks as recurring.
Remember you only need to save something as a recurring transaction once, not every time you enter it.
For more information, see: