Moolamore is a financial management platform that makes it easy to track and manage your money. With Moolamore, you can easily track your spending, bank and investment accounts, and receive real-time updates on your finances. Moolamore has a free demo, and it is available on both desktop and mobile devices.
Moolamore also has a mobile app that helps business owners manage their cash flow on the go, gaining popularity. The app automates tasks such as reconciling bank accounts, transferring money to different accounts, and tracking spending. Moolamore has been designed with small businesses in mind. Their goal is to make it easy for business owners to keep track of their money and make quick decisions about where to allocate resources.
What’s cash flow management all about? Cash flow is the amount of money entering and exiting a business. A company figures the cash flows required by calculating precisely what money it has at the beginning and end of a period. The period could be a week or a month. For example, a company may notice that the amount of money it has is more significant than at the start or end of the period. This is because it has a positive cash flow at that time. On the other hand, if the figure is negative, it means that it was less at the time the money lasted.
Being able to handle cash flows well will be a valuable asset for your future ventures. This skill will also be helpful in other facets of your life, including your business and personal finances.
The Difference Between Cash Flow and Profitability
Cash flow is different from profitability. For example, a profitable business may still need help to pay off its expenses. Similarly, just because a company meets all its costs does not mean it is worthwhile.
Business profit is a very imprecise accounting term that exists only on paper. Profit measurement is a particular way of analysing a business. However, it doesn’t show anything about the business’s day-to-day functioning.
How do you manage cash flow and profit?
Managing cash flow ultimately boils down to timing. You may have profited over a month or a year but not over a day or week. Here are some approaches for projecting profit: if they aren’t successful in your books, you’re in trouble. The choice is yours: either increase your revenue or lower your expenditures.
But making money doesn’t mean your business can run independently. You must still practice cash flow management, especially if you’re a growing business.
Why is cash flow management critical?
Even though cash flow management may seem daunting, it can help your company gain solid financial controls.
It can predict shortfalls.
More often than not, the first benefit you will get from optimising cash flow and payments are for you to be aware of when you need to plan for them. So, for example, stay calm when you learn that you cannot pay rent before the check bounces.
It helps reduce stress.
Keeping tabs on cash flow will relax many intelligent business owners out there who experience anxiety around spending invoices. Of course, stress about late payments is to use the expense report as a log, but wholesaling will eliminate this anxiety.
When you know what you’re getting into, particularly in the worst-case scenario, you’ll be in a better position mentally and able to manage your circumstance more appropriately.
It helps you know when to grow.
Knowing your cash flow allows you to turn this capital for financial growth. But remember that just because you can see an extra dollar in your budget sometimes translates to something other than reality.
Similarly, having $25,000 in savings doesn’t mean you can spend it as you wish. It might be needed to cover upcoming expenses. To establish your cash flow over numerous months and years, consider whether you have enough money to make purchases or retain any spare cash.
It helps you gain leverage.
A sound cash flow management system will enable you to manage your receivables and finances with great flexibility, providing another way to obtain a line of credit from your bank or a supplier. If you need a reprieve from your payment schedule or if you want to offer the supplier short-term credit without negatively affecting your company, good cash flow management gives you additional leverage.
Banks mostly appreciate when you’re able to offer them evidence you can pay back the funds. Likewise, suppliers will undoubtedly be more receptive to your offers if you can provide details explaining how you’ll pay back the money they lend. These individuals have a greater chance of working with you through the difficulties of your business if you can show them you’re trustworthy to them.
It is more accurate.
Cash flow predictions provide more accurate cash flow than a budget. This is because budgets are wishful thinking, and entrepreneurs tend to be optimistic. Cash flow predictions let you know what is happening so you can address it if things turn out to be different from what you planned for at the start of the year.
Most of us would not wish to apply ongoing oversight to managing cash flow and count on it all working out. But it isn’t a safe option. Instead, you’ll feel much better by consistently managing your cash flow.
How to Manage Cash Flow With Moolamore Mobile App
Like most small business owners, you know that managing cash flow is key to keeping your business afloat. But how do you go about it when you don’t have much money? One solution is to use a mobile app like Moolamore. Moolamore is a mobile app that helps small businesses manage their cash flow. It’s easy to use, and lets business owners track their expenses and income. This makes it easy to identify areas where money can be saved and spent more wisely. By using Moolamore, small business owners can improve their financial stability and keep their businesses afloat during tough times.
Like most people, you probably have a pretty good idea of how much you’ll spend on groceries, clothes, and other everyday expenses. But what about those big-ticket items? How do you know if you’re spending too much on vacations or that new car? That’s where Moolamore Mobile App comes in. Moolamore uses your spending history and other information to help predict how much money you will spend on different items. Once you understand your spending habits better, Moolamore will provide you with forecasts. It will also analyse your cash flow to help you make better decisions.
This app is perfect for people who want to be more fiscally responsible. Moolamore is a fee-based cash flow management tool that allows businesses to track and manage expenses. With Moolamore, companies can easily see where their money is going and what needs to be done to improve their cash flow. As a result, Moolamore helps businesses run smoothly.
In conclusion, Moolamore is a great mobile app for easy cash flow management. It’s simple to use, has a wide range of features, and allows users to track their spending and income in real time. If you’re looking for a way to manage your finances more efficiently and on the go, Moolamore is worth checking out. Moolamore does all the heavy lifting so you can take a back seat. Do more with Moolamore! Request a Demo now!