In this video, I am talking about how we can use Xero accounting software to know the financial position of our business within the next 7 days or the next 30 days.
The feature is very simple to use and gives you insights into your cash inflows (receipts from your customers) and cash outflows (bill payments to be made) in the next 7 to 30 days.
How this feature can improve your business cash flows, is where the accountant comes into the picture. We can help you to get a clear view of your business in the next 30 days to 3 months projected cash flows, with different scenarios.
Not only you can see your business in the current circumstances, but we can tweak the parameters, to let you know what impact your CAPEX projections or moving to a bigger place will have on your cash flows.
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