Cashflow and Budgeting
Budgets GetReal has some powerful budgeting and cashflow reporting features not usually found in other accounting systems. For these systems you often have to manually enter the budgeted amount for each income & expense category. Before you can enter these values you have to calculate them by some other method - often manually.
Realistically, some budget items can only be calculated manually - for example where budgets are based on varying sales targets. However, in many cases, the majority of business expenses are periodic and can be easily predicted.
Cash Commitments Report
The Cash Commitments module is designed to help you manage your budgeted incomes and expenses.
It does this by allowing you to see how your spending, income and electronic transfers will affect the balances of your nominated linked bank and credit card accounts at different points in time. You can use it to decide what you must pay, what you can defer, how best to payoff your credit card statements and how to transfer funds between accounts.
Properly used, it will ensure you always have efficient levels of funds in all accounts and minimise the risk of bank fees due to low or overdrawn funds.
For more details refer to the in-program Help under the topic “Cash Commitments”
The Cash Curve
Provides a projection of liquidity and available cashflow. The Cash Curve allows you to use your budget to see how you are financially progressing, and to identify areas of possible cash-flow crisis in the next 24 months.
Armed with this information you can modify your budget, re-schedule large periodic payments, and provide for all contingencies. The Cash Curve will also tell you just how much free cash you have at any time to meet unforseen eventualities.
Project income and expenses
The Future Provisions module allows you to budget for project expenses and have these automatically included with Cash Curve predictions.
Periodic income and expenses
Budgets GetReal can provide very good estimates of cashflow for expenses that can be easily predicted e.g. rent, wages, insurances, telephone etc. Simply enter each component item, the payment amount, frequency etc… You will be reminded when each item is due + you can see the projected account balances via the Cash Commitments module.
Budgets vs Actuals, Profit & Loss reports
Budgets GetReal provides full reporting in a simple format that combines graphical representation along with actual figures. The results are viewable in any combination of category details and their respective category headings. Reports are directly queryable to give details of the underlying transactions and budget entries.
