No more Excel spreadsheets: Streamline your Cashflow Reporting with Sage 200

In Sage 200 by Sarah Vickers

Reading Time: 3 minutes

The impact of COVID-19 has meant that businesses need clear visibility of their true income and expenditure now more than ever. Recognising the importance of managing your cash flow is a great first step towards running a healthy business. Cash flow is quite literally the lifeline of your business, and understanding the different flows and the timings of your inflows and outflows can really make or break your business’s health.

The risks of not managing your cash flow efficiently far outweighs the effort to manage it. As an individual, you wouldn’t go out and make a big purchase for yourself without checking your bank account, the Direct Debits and Standing Orders you have upcoming, and when you’re next getting paid. Based on those things, you would then make the decision on whether to make that big purchase and the same goes for businesses too, except you have many more streams in and out to consider.

Traditionally, cash flow management has consisted of complex reports, spreadsheets, and manual analysis. Today, Finance Managers no longer need to waste their precious time gathering all of this information on a daily basis to evaluate their position only to find the data is already out of date.

Cash Flow Management for Sage 200

With the help of Sicon Cash Flow, you can gather real-time data within the Sage 200 financial ledger and order processing modules allowing you to design your specific cash flow management structure, select a timeframe, and display options.

You can use Sicon Cash Flow to build a specific forecast structure to allow long term planning of income and expenditure. These forecasts can then be easily amended from within the drag and drop interface to create future income and expenditure scenarios.

By adopting an integrated system, this means no more Excel spreadsheets or collating of information. Sicon Cash Flow populates this data in a format that displays bank accounts, sales, and purchase invoices, sales and purchase orders, nominal and ad-hoc spending.

Sicon Cash Flow saves time with its easy to learn and user-friendly interface which displays relevant cash related information held within Sage 200 with the benefit of being able to manipulate transaction dates to reflect expected movements.

Sicon Cashflow Manager Screenshot

All in all, a more efficient, quicker way of presenting data to help run your business.

Sicon’s Cash Flow Manager allows you to:

  • Flag sales invoices as bad debts to exclude from cash flow summary.
  • Filter the cash flow to show banks and transactions in specific currencies.
  • Load the forecast and use the drag and drop functionality to move items to their expected cash impact date.
  • Load up to 5 years of cash flow forecasts using the current position plus nominal budgets.
  • Add Include ad-hoc income and expenditure into the plan for un-budgeted items
  • Amend the forecast and budgets from within the drag and drop interface to create future income and expenditure scenarios.
  • Can be used to assist credit control by adding and reviewing existing invoice memos.
  • Forecast cash takings for businesses who deal directly with the public in shops or other cash-based service industries using the Cash Sales Forecast.
  • Customer average time to pay option can be used instead of customer standard terms.

If you are interested in learning more about Sicon’s Cash Flow for Sage 200, you can get in touch with us here, email us at info@itassolutions.co.uk or give us a call on 01824 780000.

We have just released two on-demand webinars that you may find helpful, ‘Planning & Budgeting in a Volatile Environment’, where we talk through understanding the challenges of planning and budgeting in the current environment, and ‘Forecasting and Cashflow in Sage 50 & Sage 200’, where we talk about tools you can use in Sage 200 and Sage 50 for forecasting and managing your cashflow (including a demo of Sicon’s Cash Flow Manager!). To learn more about these webinars or watch them now, click here.