New features > Business Insights
The Business Insights feature allows you to analyse key financial information using a range of interactive tables and graphs. You can use it to analyse your available cash, cash flow, profit and loss, and the money that you owe suppliers and the money that customers owe you.
The Business Insights window presents different types of financial information in four summary panels. From each panel, you can open additional windows to analyse information in more detail.
You can also find information specific to your needs by sorting table information. For example, you can click on the relevant column headings to sort the list of outstanding invoices to find the most overdue invoice or the largest overdue amount.
Business Insights is not automatically closed when you close your company file. If you want, you can continue analysing data while other users enter transactions in the file. Click Refresh to update information with their changes.
note : Show Me How movie
If you want, you can view a movie demonstrating this feature. For more information, see Show Me How new feature demonstration movies.
This panel displays the balances of your bank and credit card accounts and shows the total amount of available cash.
Click Analyse performance to view a graph comparing income to expenses each month, a profit and loss graph, and information about your top ten selling items and top ten customers.
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Identify excessive spending Compare income against expenses and view the resulting profit or loss over the current financial year.
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Review your sales performance Identify your top ten customers and top-selling items.
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Check account balances Before making a large payment, ensure that the account it is drawn from has sufficient funds.
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This panel forecasts your cash balance for the current month and for the next two months. The forecasts are based on your current cash balance and the money you will receive or spend in the forecast period. The forecast is calculated by:
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plus customer payments and receive money payments (including recurring payments) that are due to be received during the forecast period
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less supplier payments and spend money payments (including recurring payments)that are due to be paid during the forecast period.
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Click Cash analysis to see how the forecast is calculated.
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Plan your expenditure Work out what effect a major purchase would have on your cash position.
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Predict cash flow issues View a forecast of your cash flow for the coming two months.
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This panel shows the total amount you are owed and displays details of each overdue customer payment (based on their invoiced credit terms), including the number of days overdue.
Click Analyse customers to view graphs and information about the money your customers owe you and the payment history of each customer.
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Contact customers for overdue payments Identify which customer payments are the most overdue or which customers owe you the most money.
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Renegotiate a customer’s credit terms View the customer’s outstanding balances and payment history, such as the average number of days it takes for them to pay you.
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This panel shows the total amounts you owe suppliers and displays details of each overdue supplier payment (based on their credit terms), including the number of days overdue.
Click Analyse suppliers to view graphs and information about the money you owe suppliers and the payment history of each supplier.
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Keep on top of your supplier payments Identify which supplier payments are due or which suppliers you owe the most money to.
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Negotiate a payment or discount with a supplier View your payment history with the supplier, such as the average number of days it takes you to pay them.
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