Comparing Bank Movement and Cashflow Forecast Multi-Period Reports
Calxa provides two distinct types of multi-period financial reports: the Bank Movement Report and the Cashflow Forecast Report. While both reports display a Closing Bank figure for corresponding periods, they serve unique purposes and provide different insights:
Bank Movement Report: - Reflects budget figures for Profit & Loss more directly. - Segregates Accounts Payable, Receivable, and GST account movements into separate line items. - Offers clearer visibility into detailed account movements compared to consolidated formats. This report can also include Actuals up to date and project budgeted movements into the rest of the financial year.
Cashflow Forecast Report: - Focuses on adjustments that balance overdue amounts through the Profit & Loss and timing profiles within those accounts, rather than Accounts Payable and Receivable. This report is always projecting into the future, usually on a rolling 12 month basis and does not report Actuals.
Which should you choose? The Bank Movement Report is ideal for detailed analysis of individual movements, while the Cashflow Forecast suits a higher-level financial overview.