Simply Accounting DBM Financial Position part 3
Total Debt-to-Assets (Today)
Total Debt-to-Assets (Today) is a measure of financial leverage. It indicates the proportion of assets that have been financed with debt. It also roughly indicates the degree of risk held by creditors. The target value depends on the variability and certainty of cash flows. The
Financial Position part 2
Expenses to Prior Year % (Fiscal MTD)
Expenses to Prior Year % (Fiscal MTD) is the percentage of current expenses incurred this month to expenses incurred this month last
Financial Position part 1
Average Day outstanding – Payable (Today)
The Average Days Outstanding – Payable is the average number of days that vendors have been waiting for payment after invoicing. It is also a measure of performance in handling accounts payable. The target value will range between the number of days given before early
Simply Accounting DBM – Profitability
Any business, with the intention to sustain and grow should be able to check on profitability. Periods to monitor should be capsulized to obtain insights or the “big picture”. In Simply Accounting, you can easily do that through the Daily Business Manager
Simply Accounting DBM – Budgets
Budgeting in real scenario is a great challenge! But it makes a business owner and manager think of what should be done in the future periods. In Simply Accounting, a single budget version can be defined. Budget for nominal (or Income Statement) accounts can be achieved. For revenues, just give a best forecast of your sales.
Shown below are what Simply Accounting offers.
Cash Flow Management in Simply Accounting
As a business owner, manager and accountant myself, I would like to see in my accounting software, top level whistles and red flags. Today, I am going to present one excellent feature of Simply Accounting which I personally use in a client – the Daily Business Manager. The Daily Business Manager (or DBM) is divided into 4 groups:
1. Cash Flow Management: How well you are managing the expected revenues and expenses?
2. Financial Position: How well has your company been performing?
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