How to view the farm’s cash flow
Goal
Review projected income and outgoings month by month to anticipate funding needs.
Steps
Income and expenses are organised into financial projects, for example by partnership or crop. Open Finance > Projects to review existing projects or create a new one.
Open Finance > Cash flow. The table groups expected income and outstanding payment due dates by month and currency, showing each month’s net amount and the cumulative balance.
Result
A monthly projection by currency, including expected recurring income and pending payments across projects. The cumulative projection starts from zero.
Common mistakes
- Expecting the current bank balance. This projection starts from zero and shows future receipts and payments, rather than the actual balance in a bank account.
- Omitting payment due dates or outstanding status. Unrecorded obligations cannot appear correctly in the projection.