iWellsoft Cash Flow

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iWellsoft Cash Flow

Developer’s Description

By iWellsoft
Cash Flow is a simple application that keeps track of all kinds of payments. The application holds lists of income and expenses along with their due dates and other information. It is meant mainly to allow a fast and easy short term prediction on the development of your cash situation based on the known income and expenses. As well it can help to remember recurring payments especially when they incur not so often like yearly, every half year or quarterly. Cash Situation Prediction: It is meant mainly to allow a fast and easy short term prediction on the development of your cash situation based on the known income and expenses. As well it can help to remember recurring payments especially when they incur not so often like yearly, every half year or quarterly. Recurring Payments: Especially recurring payments can be handled very easy. Just the repeat type is entered along with the starting date and an optional end date. Cash Flow then builds the list accordingly regardless of the time span viewed. Set Of Books: Through a virtual income and expenditure account to manage your project data between each account is completely independent. Custom Category: Income and expenses can be grouped and filtered for categorization. the project can be defined in different groups

Cash Flow is a simple application that keeps track of all types of payments. The app has a list of income and expenses along with their due dates and other information.
It is primarily intended to enable quick and easy short-term forecasting of the development of your cash position based on known income and expenses. Additionally it can help to remember recurring payments especially when they are incurred not as often as every year, every half year or quarterly.

Cash Situation Prediction:
It is primarily intended to allow quick and easy short-term forecasting.
in the development of your cash situation based on known income
and expenses. It can also help you remember recurring payments, especially
when incurred not as often as every year, every half year or quarterly.
Recurring Payments:
Especially recurring payments can be handled very easy. Just the kind of repeat
is entered along with the start date and an optional end date. Cash flow
then build the list accordingly, regardless of the time period you view.
Book Set:
Through a virtual income and expense account to manage your project
data between each account is completely independent.
Measurement category:
Income and expenses can be grouped and filtered for categorization.
the project can be defined from different groups

Limitations.

limited functionality

How to Prepare a Cash Flow Statement Model That Actually Balances

When a cash flow statement model doesn’t balance, it can cause immense frustration and wasted time. The root cause of this problem most commonly resides in models being built with inconsistent and contradictory data sources.

A cash flow statement, also referred to as a statement of cash flows, shows the flow of funds to and from a business, organization, or individual. It is often prepared using the indirect method of accounting to calculate net cash flows. The statement is useful for analyzing business performance, making projections about future cash flows, influencing business planning, and informing important decisions. The term “cash” refers to both income and expenditures and may include investments and assets that you can easily convert to cash. By conducting a cash flow analysis, a business can evaluate its liquidity and solvency, compare performance among accounting periods, identify cash flow drivers to support growth, and plan ahead to maintain a positive cash position.

Below you’ll find a collection of easy-to-use Excel templates for accounting and cash flow management, all of which are fully customizable and can be downloaded for free.

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