Clear, automated forcasting of when you run out of cash in a language all business owners understand.
Multi-channel invoice reminders for better effect. Esculation through email, SMS and automated phone calls to get you paid.
The Debtze Sentinal watches over your accounts 24/7. Alerts are sent when it notices something odd or a threshold is triggered.
Here we were, all using Xero in our different businesses; we all loved it, but something was missing.
We all knew how to run and operate a successful business, but so often we felt like we were on the back foot.On paper and in our accounting reports we were making money, but we never had any CASH.
Cashflow is the bane of any business owner or manager's existence, but what is it about cashflow that makes it so hard?
It's that most of the time, you find out that you have a problem with when it's too late. You missed the best window to deal with it and, BOOM!, the cash hole hits.
The moment something changes you want to know about, we let you know. Cash days under 45 days? We push a message to you so you can start to plan, or set the threshold to 60 days and stay further ahead of the game. It's up to you.
There is no doubt that Xero is awesome. It changed everything but, at the end of the day, it's a beautiful accounting system. It has fantastic reports to draw upon, however most businesses end up creating a cashflow spreadsheet or use a forecasting tool.
This is fine - to a point.
It gets you somewhere and you can get really detailed if you want, but how about time to do all of the other 1000 things on your to do list? And if you're not the financial director in the business, do you really want to go through a detailed, probably out of date, cashflow spreadsheet every week?
Oh, and how about those customers screaming at you to get stuff done, which you need to do so you can get those old invoices paid and new ones out the door?
It's true. In literally seconds after you connect Debtze to Xero we calculate your estimated cash days remaining, your monthly cash burn and other key metrics.
Doing them by hand, through spreadsheets, or even other tools will take you or your bookkeeper far more than the seconds it takes us, even if you have templates set up. And we do it throughout the day to ensure we act on any changes we see.
Xero is easy to use online accounting software that’s designed specifically for small businesses.