We have just upgrade our cash flow forecasting software Cash Forecaster to version 4.1.2.
The reason for the upgrade has come from our user recommendations and to enhance what the software does, and the upgraded version includes the following new features:
1. VAT (Sales tax/GST) feature.
We have improved this feature by adding the ability to prepare cash flow forecasts for new companies that are not registered for VAT (Sales tax/GST) at the outset and register during the course of the forecast period.
You will now be able to see what impact registering for either VAT or sales tax/GST has on your business cash flows. You can easily change the month of registration by the click of a button.
2. Fixed asset feature.
The fixed asset section of the forecasting software has been improved so that if you have asset sales within your forecast period, these can now be catered for too.
You can use this feature for assets that were held within your opening balances that are planned to be sold during your forecast period, plus this new feature allows for assets purchased and sold within the cash flow period.
3. Customer payment terms.
We have also improved the customer payment terms, so that instead of simply have an overall percentage of sales split between the various payment methods of cash, 30-day, 60-day etc. you can now allocate a payment term specific to each sales line, including cash or credit card, 30-day, 60-day, 90-day and 120-day.
You can chose to override this new more detail split of customer payments or if you need to have this level of detail, the upgraded version will help.
4. Payroll taxes and deductions.
We have now included a payroll feature, whereby taxes deducted from payroll or salary and wages type expenses can be catered for now. So you can either include a split percentage or 100% of the cost to be paid as a payroll type tax. This new feature is useful for companies with significant payroll costs needing to prepare cash flow forecasts.
An example would be that, for example you have an average deduction of 20% from a particular payroll expense. 80% of the cost will be included in the cash flow in the same month as the charge to the profit and loss, whereas the 20% payroll tax (in the UK – PAYE) will be paid either in the following month (if 30-day is selected) or later if a longer payment period is chosen.
We have also made a number of minor changes to improve usability and reduced the size of the file to make it better and faster to use.
If you’d like to purchase and download our easy to use cash flow forecasting software you can do this here: Cash Forecaster Software.
We are always looking to upgrade and improve our software and do this by listening to our customers – thank you for your support and feedback.
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