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Explore income and expense projections

Regularly review your cashflow projections and historical metrics so you can make informed decisions about your money.

Updated over a month ago

How money flows in and out of your business is a key indicator of its health. This metric, known as your cashflow, tells you at a glance how your business is doing financially.


View your future income and expense projections

You have four key metrics available to review: your money in, your money out, your savings, and your balance (the difference between these three numbers). You can choose between viewing to-date sums or projections.

Money-in and money-out projections estimate upcoming booked payments & projected expenses. These are for reference purposes only. Real time income and expenses may significantly differ based on changes that cannot be predicted.

  1. Go to the Finance tab in the top navigation menu > select HoneyBook Balance

  2. Select what time range you want to view your insights for

    1. Choose a to-date time range to view to-date sums (e.g., month-to-date)

    2. Choose a projection time range to view projections (e.g., next month)

📚 Tip

Select the Balance card to get a breakdown of exactly what income and expenses make up your balance. Your time range will determine whether you see historical or projected numbers.


What the numbers mean

These three numbers (Income, Expenses, and Balance) give you information about how your business makes and uses money. The table below explains what each number includes and excludes. The types of income and expenses marked with To-date only are not taken into account when determining your projections.

Insight

Includes

Does not include

Money In

  • Client payments for bookings sourced from HoneyBook

  • (To-date only) Any ACH deposits into your HoneyBook Balance Business Checking Account

  • All transaction fees (credit card, ACH, or instant deposit)

  • (To-date only) Capital loan repayments

  • (To-date only) Temporary holds for disputed transactions

Money Out

  • (Projection only) Transaction fees

  • (Projection only) HoneyBook Capital loan repayments

    • This is factored into future client payments

Savings

  • Money that sits in a savings bucket or tax savings bucket

  • N/A

Balance

  • The difference between "money in" and "money out"

  • N/A

Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!

HoneyBook is a software company, not a bank. Banking services are provided by Lincoln Savings Bank, Member FDIC. HoneyBook Visa Debit cards are issued by Lincoln Savings Bank, Member FDIC. HoneyBook is not FDIC insured. FDIC insurance only covers the failure of an insured bank.

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