Cash and Commitments


Cash and Commitments
Snapshot tally of current cash on hand, current account receivables, payables and total unpaid tax liability.

Why do I need it?
This widget helps to identify the current cash and money owed to the business less money the business owes to creditors/suppliers including its tax obligations (GST and Income tax owing). It provides an indication of the ability of a company to meet its long-term fixed expenses and to accomplish long-term expansion and growth.

How do I get the right information? 
Widget is dependent on cash balance = bank statement balance, accounts payables/receivables= to actual invoices created and received, AP, AR and tax liability is free from error.

Bank variations can be caused by incorrect opening balances, duplicate bank transactions made in error, reconciliation errors.

How to make the most out of your widget
Explicitly communicate clear payment terms and encourage adherence of the time frame to convert sales on credit into cash more efficiently. Persistently chasing up non-paying customers and increasing collection through timely reminders will increase efficiency of collections.

2 out of 2 found this helpful



Please sign in to leave a comment.