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 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 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

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 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

Why can I not see the Add Organisation button?

The option to Add Organisations to Futrli is only available for Admins and Owners.

Written by Ross MacLeod

Why can I not see the Scenario Section?

The Scenario section of Futrli is only displayed for Admins and Owners. User accounts do not have access to the Scenario section. Please contact your Account Owner if you wish to be granted access to the Scenario section.

Written by Ross MacLeod

Why can’t I remove an Organisation from my account?

Organisations can only be removed by Account Owners. Admins and Users are unable to remove Organisations from their accounts.

Written by Ross MacLeod