📣 Note
This article covers a feature that's included in an invite-only closed beta. If you're not a part of the beta, your finance suite will look different, and the help articles you'll want can be found here.
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.
Your current and future cashflow
You’ll have three key metrics to review: your income, your expenses, and your balance (the difference between these two numbers). You can choose between viewing to-date sums or projections.
📣 Note
Cashflow projections estimate upcoming booked payments & projected expenses. These are for reference purposes only. Real time cashflow may significantly differ based on changes in income and expenses that cannot be predicted.
1. Go to the Finance tab in the top navigation menu → select Dashboard.
2. Above the Balance insight, select what time range you want to view your insights for.
a. Choose a past time range to view to-date sums (e.g., month-to-date).
b. Choose a future 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) tell you candidly about how your business brings in and spends money. The table below describes what each number includes and does not include. The kinds of income and expenses marked with To-date only are not considered when calculating your projections.
Insight | Includes | Does not include |
Income |
|
|
Expenses |
|
|
Balance | The difference between income and expenses | 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!