Using a cash flow calculator streamlines the management
of your business’s cash flow so you can plan more efficiently. Get started by
checking out these cash flow calculators.
TD designed this cash flow calculator for personal use,
but its features suit small businesses nicely. This cash flow calculator is the
most customizable on our list.
Expenses are broken down by category – like housing, or
transportation – and it allows you to add custom sub-categories. Not only can
you name these sub-categories whatever you want you can also set whether
they’re an annual, monthly, or weekly expense.
The cash flow calculator presents your results on a bar
graph, showing your cash flow, and a pie chart, which breaks down your expenses
by category. Plus, you can toggle between representations of your monthly, and
annual cash flow.
Although this cash flow calculator is less customizable,
it is designed for businesses. It breaks down income and expenses for you and
is based on monthly calculations.
What makes this cash flow calculator handy is how it
represents your cash flow visually. The graph gives you an idea of your cash
flow throughout the year and changes as you enter new data.
We recommend that business owners that are still working
out their budget take advantage of this cash flow calculator’s responsiveness. Seeing
the graph change as you trim, or expand your budget gives you a great idea of
how you can best utilize your resources.
And once you’ve finished you can easily download and
print!
RBC’s cash flow calculator caters to small businesses,
and stands out because it starts by asking about your business. Before entering
your projections, you can select your priorities (like “My business is growing
and I need more space”) and this is factored into recommendations once your
results are shown.
Once you have entered your data, a bar graph projecting
your cash flow for six months will be displayed. By adjusting income and
expenses you can see how your cash flow is altered. The only drawback is that
this cash flow tool lacks the precision of Think Business’s cash flow
calculator.
Still, RBC’s focus on small businesses and its recommendations
make this an especially valuable tool for new business owners.
Traditional banks like RBC and TD offer some great cash flow tools, but aren’t always able to provide small business owners access to their traditional loan products. Give J D Factors a call if you’re having trouble getting approval with your bank, we may be able to help.
Traditional banks like RBC and TD offer some great cash flow tools, but aren’t always able to provide small business owners access to their traditional loan products. Give J D Factors a call if you’re having trouble getting approval with your bank, we may be able to help.
Data on this cash flow calculator is input by sliding a
pointer to indicate expenses and income. This makes it the quickest cash flow
calculator in seeing a visual representation of your cash flow. Afterwards it lets
you “view report” to see how your cash flow breaks down.
This cash flow calculator might be the easiest to use,
especially because it includes a glossary of terms at the bottom, but feels less
comprehensive. Still, a very useful tool for new business owners.
Ultimately, getting a handle on your cash flow will help
your business increase profits, grow and survive. Do you have questions about
your small businesses’ cash flow? Email me, the Cash Flow King at chernandez@jdfactors.com for cash flow tips and advice.
