Can Accounts Premier Cashflow Forecasting use raw data, actuals, estimates and budgets?

[Deleted User]

We are small project based service business working on mutliple projects at a time
.
At present l use excel to manage our cash flow. We run accounts payable and accounts receivable and payroll through Reckon.
I would like to know if Reckon accounts premier is capable of the following:
-manage long term cash flow forecasting using a combination of raw data including actuals , estimates and forecast(budget) numbers.
**Actuals would be from customer invoices, bills and payroll and recurring payments. **Estimates would be from creating a customer estimate. However this would only provide revenue and not costs associated with the project.
**Forecast (Budget) numbers are not currently entered into Quickbooks for either office costs or projects. Obviously this would have to be done.

I guess what l am looking for is an indication as to whether similar companies use Quicbooks for cash flow forecasting and if so how they go about it. If not, what third party software is available that would work with Quickbooks to provide a solution.

Some guidance would be much appreciated.

Thanks
Vicky

Margaret Carey

Hi Vikki you can use the Cash Flow Forecasting tool in Reckon Accounts however this only extends for 6 weeks. It pulls together Accounts Receivable where you can choose the method to project your receipts - eg manual, 6 week weighted average etc, Accounts Payable, Bank Accounts - so you can choose to leave out a Term Deposit for example, and Business Expenses - such as Wages, ATO & Super Payments. Business expenses you can designate the frequency, so once the model is set up it will continue - however only for 6 weeks 

You can use a Forecast which is identical to a Budget but there are no calculations here - you have to enter all manually. Forecast is best used for a revised budget ratherthan cash flow

hope this helps

Margaret Carey