Top 5 Tools to Manage and Monitor Cash Flow

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Being in these last few weeks in December means that 2016 is on the horizon and 2015 is soon to be in your wake. Planning your finances for next year should be on the top of your mind.

If you begin reviewing all this and start feeling a bit overwhelmed, take a deep breath and relax. Here at Direct Capital, we’ve done our research and have compiled a list of tools that can make your financial planning easier.

  1. Cash-Flow Templates
    A simple way to analyze your own cash-flow is by downloading free cash-flow forecasting templates. You enter information such as revenue and expenses in the assigned areas. Once this is done, you’ll see if you’re in the green or possibly in the red. Even though it lacks some features that other tools have, they save time when you need to create a similar one from scratch.
    Google Docs has templates that can be shared with other members on your Google Apps Account. You can search through a list of templates to find the best one tailored to your business.
  1. QuickBooks’ Cash Flow Forecast
    Quickbooks, an app created by Intuit, created a cash-flow forecast feature into its tools. Receivables, bank balances and credit card ledgers are some of the aspects of your business that can be calculated right from this add-on.
  1. You Need a Budget’s Online Expense Tracking
    You Need a Budget’s $60 downloadable software can offer spending estimates for future calendar dates. You get a budget that is automatically generated by uploading your business bank statements. You Need a Budget will estimate how much money you will have as well as how much more you need for costs.
  1. Pulse
    For a comprehensive tool, Pulse is a Web app that allows you to review your business’ cash flow online. Financial information can manually be entered or uploaded from a spreadsheet to generate a cash-flow model. This model can then be viewed daily, weekly, or monthly. Pulse even provides graphics and charts for visualizing how money moves in your business.
  1. Master PlanGuru
    Is your business growing faster than the previous options can keep up with? PlanGuru allows financial forecasts up to 10 years out and automatic management of income statements and balance sheets. You can use it to forecast any hypothetical situation.

And there you have it! The 5 tools we recommend for monitoring your cash-flow and preparing for 2016. Remember, any tool is only as good as the data that you enter into it. Be accurate and bold.

See that everything is golden? Rest easy. See that everything isn’t as good as you’d like it to be? Don’t worry. Direct Capital has one extra tool that you need to get your cash-flow going. We can provide a short-term loan to help you get equipped for 2016. Call today at 888-777-9198 or click the banner below to get started!

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