You may think that forecasting your business cash flow is a tedious and complicated task, requiring accountant skills and horrendous tables. The simple thought of it may even depress you so much that you may overlook the huge insight it brings to you, as a business owner.
Yet, if you had an easy-to-use, no-accountant-required tool allowing you to keep an easily updateable, day-accurate cash flow forecasting, you would be able to:
Such a lightweight cash flow forecast tool exists — it is WiseCash!
“ Thanks to WiseCash, both my rates and my available cash increased considerably. And so did my peace of mind! ”— Joël Rotelli, happy freelancer
WiseCash computes your “Time-Wealth” — how long your business can survive, based on your currently planned expenses and income:
No more guess work! Make data-backed decisions. Use the data you own to your advantage. Increase your rates at the right moment, with confidence. Work out issues beforehand, because time matters when it comes to money.
We get two awesome benefits from using WiseCash:
1) Forecasting - Being able to plug in our transactions and see roughly where we'll be at in the coming weeks or months. This is really valuable when negotiating new projects as we know what our "runway" looks like and we can act accordingly.
2) Hypotheticals - How will adding a new employee affect our cash flow? What about distributing bonuses? By creating hypothetical transactions, we can see how investment or purchasing decisions will affect cash flow, which provides better insight into making a good decision. ”
Can you afford holidays already? Are you on track to reach your income goal? Do you have enough booked days in the pipeline to safely turn down a lead?
Figure out exactly if you are ahead of your goal or not — and act accordingly. Set your pace.
Not at all! The typical initial setup takes between 10 to 30 minutes (not a lot compared to the benefits!), and most users only spend a few minutes now and then afterwards.
WiseCash has a slick, lightweight user interface which let you define and update recurring transactions as needed.
“ Seriously: I love the super simple to use interface. Very easy to get started! I got actionable results in very limited time. ”— Jonathan Path, Freelance WebDesigner
Note that this screencast is quite outdated and doesn't demo all the features.