Full Cash Flow Reporting and Budgeting
Cash summary report is OK but full cashflow forecasting and reporting (P&L plus Non Operating) is imperative for clients to forecast and track bank movement. This is available in MYOB Essentials (only thing it has over Xero really). Please please please
Hi everyone, returning to the idea here. We'd encourage exploring Short term cashflows and Business Snapshot with Xero Analytics. These tools can give you deeper insight into how your business is performing and upcoming payments.
If there's something within these tools that you feel could further enhance your experience and understanding please do raise as a new idea and we'll can consider this as we continue to develop.
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Amal Bousamra commented
Can Cash Flow Forecast report be broken down by project?
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Bill Forse commented
The only report I can find in Xero which approaches this is the very useful Overall Budget in Budget Manager but it does not include capital items.
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Bill Forse commented
Neither of these achieve the simple overview of the next twelve months projected cashflow overwritten with actual figures to date.
We already achieve this with an excel spreadsheet pasting data from our Farmplan software.
It would be very desirable and surely easily possible to be able to produce such a report within Xero. This could be as an edited and saved custom report which includes trading income and expenses AND capital income and expenses such as owners capital intoduced or withdrawn or loans taken or repaid which all have significant impacts on the cashflow.I look forward to the day when this is possible.
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Bill Forse commented
This is about the only really important report we need and it is pathetic that they have not engineered it. GET IT DONE SOONEST
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Collin Corso commented
Its pretty wild to me that Xero's budgeting tool does not allow cash flow based budgeting.
This is such an issue because it does not allow us to budget things like mortgage principal payments, capital expenditures, track the cashflow on capital improvement projects, etc.
Pretty much everything that is not on the Income Statement is just left to manual work in a spreadsheet, without the ability to track with the Budget Variance report..
Much of the investment that Xero has made in the new(ish) Analytics + reports seems to trend in the direction of giving us this request but still falls short of something so basic that seems to have 95% of the infrastructure built out around it already..
All we need is a toggle button that allows us to include these non-income statement items.
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Ellie Trist commented
This would be a really useful feature for many business's, and is something available on competitors products (e.g MYOB essentials).
It would be great to see it set up on Xero
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Ben Partridge commented
It seems that the hundreds of votes from Xero's previous forum weren't transferred when the system was changed...
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Aaron Karena commented
What a joke Xero. This is a simple function that even MYOB Essentials has this available. Your “short term cash flows” and business snap shots do not help businesses plan a full cashflow budget annually which is a very very very common function in a businesses financial management. Xero offers the P&L part already. Is there not a Dev at Xero who can just tack the rest of the cashflow accounts on to the bottom of the P&L and hello many more clients for Xero 🙄🤔🤔🤔
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Jane Bettany commented
Totally agree Ben -for this reason we will likely move away from Xero in the next year or two.
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Ben Partridge commented
Long term Cashflow forecasting is one of the most, if not THE most, fundamental reports for running a successful business. A common cause of business failure is running out of cash, which detailed long term forecasts can help to mitigate. The fact that Xero STILL does not have this feature within their own subscription, when most of their competitors do, is inexcusable. So much for "Accounting software for a
healthy business"