Managing cash flow is one of the most critical aspects of running a small business. Without a clear picture of available cash and future cash needs, businesses risk liquidity issues, missed opportunities, or unexpected financial stress. To help businesses gain better cash visibility and control, BrizoSystem introduces the Cash Summary & Forecast Input feature.
How Does the Cash Summary Work?
For users connected to Xero, BrizoSystem will now automatically retrieve cash and payment data from Xero to generate a consolidated cash summary. The feature works by mapping Xero accounts to a Common Chart of Accounts (CCOA), ensuring seamless financial consolidation across multiple entities.
To enable accurate consolidation, BrizoSystem supports account type mapping as follows:
- PAYE → Pay As You Earn (PAYE) liabilities
- GST → Sales tax accounts
- NONCURRENT → Non-current assets
- TERMLIAB → Term liabilities
The Benefits of Cash Summary for Small Businesses
Cash is the lifeblood of any business, and having a well-organized cash summary provides several key benefits:
1. Improved Cash Flow Management
By consolidating cash inflows and outflows across multiple entities, businesses can better anticipate funding needs, upcoming expenses, and potential shortfalls before they become a problem.
2. Automated Data Retrieval & Consolidation
No more manual tracking of payments—BrizoSystem automatically pulls cash data from Xero, ensuring real-time accuracy and consistency.
3. Enhanced Financial Transparency
With a clear, consolidated cash summary, business owners and finance teams can quickly assess their financial position, allowing for more informed decisions regarding investments, expenses, and cash reserves.
4. Time-Saving & Efficiency
Manual cash flow tracking is time-consuming and prone to errors. BrizoSystem eliminates the need for spreadsheets, reducing administrative work and improving efficiency.
Take Control of Your Cash Flow Today
With BrizoSystem’s Cash Summary & Forecast Input, small businesses can now get a clearer picture of their cash health, make informed decisions, and optimize cash flow management.
📅 Ready to streamline your cash flow tracking?
👉 Try BrizoSystem today!