Money Owed and Money Owing
This widget gives you a snapshot and historical data of how much money is owed to you and how much money you owe.
Why do I need it?
Provides insight into the ability of a business to meet its short term financial obligations of the business and whether they may require finance/lending assistance throughout specific times of year.
How do I get the right information?
Widget is dependent on Accounts payables/receivables = to actual invoices created and received. Accounts payable and receivable ledgers need to be free from error.
Accounts payable error - Accounts payable ledger information is outdated and may contain duplicate invoices or invoices that are not due.
How to make the most out of your widget
Helps provide information around the short term liquidity (a company's ability to pay off its short-terms debt obligations). This also helps the business to plan and identify cash flow issues throughout the year and which periods may require finance/cash injections.