Articles

What is Depreciation?

Written by Ross MacLeod

What is Invoice Factoring?

Invoice Factoring is the process of selling your unpaid invoices to a third party for an upfront free – usually a percentage of the value of the invoices.

Written by Ross MacLeod

What is a Cash Flow forecast?

A Cash Flow forecast projects how much Cash will move in and out of your business over a specified period of time. This allows you to see how much money you will need to set aside for payments and to estimate the impact on your Bank Balance.

Written by Ross MacLeod

What is Accounts Payable? (Balance Sheet)

Your Accounts Payable line is a Liability line, which sits on the Balance Sheet. Your Accounts Payable contains the balance of moneys owed to external suppliers and individuals.

Written by Ross MacLeod

What is Accounts Receivable? (Balance Sheet)

Your Accounts Receivable line is an Asset line, which sits on the Balance Sheet. Your Accounts Receivable contains the balance of moneys owed to you by customers, clients and individuals.

Written by Ross MacLeod

What are Current Year Earnings? (Balance Sheet)

Current Year Earnings are the net profits a business has made throughout the current Financial Year. These are recorded under Equity.

Written by Ross MacLeod

What are Liabilities? (Balance Sheet)

Liabilities are debts held by the business. These can either be short-term debts, referred to as Current Liabilities, or long-term debts, referred to as Non-Current Liabilities.

Written by Ross MacLeod

What is a Prepayment?

A Prepayment is an amount which is paid in advance of receiving services or goods in full.

Written by Ross MacLeod

What are Credit Terms? (use them in Scenarios)

Credit Terms are the number of days in duration between an item being invoiced and that item being paid for.

Written by Ross MacLeod

What is Net Profit?

Net Profit is the total amount of profit the business has earned after all incomes and expenses within a reporting period have been accounted for.

Written by Ross MacLeod

What are Net Assets? (Balance Sheet)

Net Assets are the difference between your total Liabilities and your total Assets.

Written by Ross MacLeod

What is a Forecast?

A forecast is a projection of future business performance based upon a set of assumptions as to how events will unfold.

Written by Ross MacLeod

What is a Current Liability? (Balance Sheet)

A Current Liability is a short-term debt which is expected to be paid within the next 12 months.

Written by Ross MacLeod

What is a non-current Liability? (Balance Sheet)

A non-current Liability is a long-term debt which is not expected to be paid within 12 months of taking on the debt.

Written by Ross MacLeod

How to rename a Board

Written by Ross MacLeod

What is a Board?

A Board is a blank canvas that holds your reports together. Think of it like a Chapter heading. It could concentrate on anything from recent financial performance to 12 month projections and so much more besides. It’s up to you. You can create Boards in the Boards section of FUTRLI.

Written by Ross MacLeod

What is a Card?

A Card is a customisable report which brings your data to life. Each Card can be tailored to show the information which matters most to you. Use Cards to look at the future, the present or the past. Concentrate on your key financial data, analyse trends or report non-financials – it’s up to you.

Written by Ross MacLeod

What is an Alert?

FUTRLI Alerts allow you to monitor your business data on auto-pilot. You can use them to create notifications for all of the key metrics and KPIs that matter to you, enabling you to always stay abreast of performance, good or bad. Want to know when your Cash Flow goes above a certain figure? Or when your Gross Profit % is too high? With Alerts you can.

Written by Ross MacLeod

What are Retained Earnings? (Balance Sheet)

Retained Earnings are profits which were earned in a previous Financial Year, which have not been distributed as Dividends. These are recorded under Equity.

Written by Ross MacLeod

Moving and Resizing Cards

You can increase or decrease the size of the Cards you create and rearrange their order on your Board. This allows you to customise your Board layout in order to ensure that your data is displayed exactly how you want it to appear.

Written by Ross MacLeod

How Can I Export a Table and Chart on the Same PDF Page?

Written by Matthew Cawthra