Cash flow is an efficient way for investors to measure a company’s financial strength, however, calculating and analyzing cash flow is far more complex than finding the difference between the cash inflow and outflow. The Cash Flow Statement function in NetSuite can help simplify this process by enabling businesses to measure their net cash at the end of the accounting cycle based on the transactions that have occurred in that period.
So, what are some of the other benefits of the Cash Flow Statement App developed by Team Tvarana? The Cash Flow Statement app gives users the ability to easily check their cash balances and cash forecast across individual or multiple bank accounts. Users will also be able to forecast cash across subsidiaries and work around the transactions to check their impact on the cash forecast. This will help companies plan and prepare for any future opportunities.
The Cash Flow Statement App also clears away non-cash transactions that may be on the income statement, such as depreciation expenses. This feature gives users a chance to review how and in what areas the company is generating cash. Equipped with this information, users will be able to make adjustments to their operating, investing, or financing activities.
On the user-interactive feature on the app, users can review all transactions in a summarized format that helps users understand how the transactions affect their business. Additionally, when reviewing the cash flow statement, users will be able to see how the business’ cash increased or decreased in that particular period. This will help financial controllers to assess the financial activities that need to be undertaken next, so they can then plan with their vendors/customers.
All in all, this app will simplify your financial analysis, help you make better decisions, and improve the bottom line of your business.
