What is Flow Out?

 

Flow Out is designed to give you a deeper understanding of your supplier relationships.

What are you spending? Are there patterns and trends? What can be improved? 

The Flow Out page is made up of different sections, so let's break down each element and explain how each will provide crucial information.

 

 

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Bills due and overdue

 

At the top of Flow Out we can see a breakdown of what bills are due soon, or are already overdue. This is a key area for understanding where your cash is heading in the future.

If you have overdue payments, think about which ones are the most important and need your attention first. If these bills remained unpaid, how would it affect your business?

 
 

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Cash out from bills: recent, prior year and predicted

 

This chart shows how your cash flow will look if you continue to spend at a similar rate, taking your regular expenses and costs into account.

This can be extremely helpful in keeping you aware of any potential future cash flow worries. Knowing when issues might occur will allow you to make plans to avoid the problem.

 

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Money you owe: unpaid bills

 

This section shows a detailed breakdown of the bills you have outstanding, the total owed, and the date they were supposed to be paid. It can be difficult to keep track of paying everything on time, but by using this tool, you can keep those suppliers happy.
 
 

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Average days you are taking to pay suppliers

Keep an eye on your payment behaviour with this simple monthly breakdown of your average number of days to pay an invoice.

 

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Unpaid bills

 

As well as a full breakdown of every unpaid invoice, there is value in a snapshot. How many invoices are late, how much do you owe and how much of that is overdue?

 

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Supplier ranking

 

Knowing where you’re spending your money is critical. Most of us know what our main costs are, but it can be difficult to visualize and keep track of every expense.

You might even find some things in here that surprise you! Use this information to reflect on whether all of your expenses are reasonable and necessary. Could you find any cheaper alternatives?

Flow is all about insightful moments that lead to actions that will improve your finances. Learning with Flow is step one, acting on your new knowledge is step two.

 

 

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