A fully integrated, automated, funds flow forecasting application covering the next 7 days and the next 8 weeks, in detail. It gives you the comfort of knowing bank balances at critical future dates and the ability to manage them. When a sales delivery is confirmed or when a service invoice is raised, or when a purchase order is billed, a mirrored transaction is posted into the forecast. This data is then used to predict future bank positions. The transaction due dates are supplemented with the expected date - which is based on average days to pay from/to customers and vendors. Likewise when receipts and payments are posted into the debtor/creditor ledgers bank forecast entries are posted as well. This all adds up to clear and instant forward bank positions, with extremely little accounting effort.

A fully integrated, automated, funds flow forecasting application covering the next 7 days and the next 8 weeks, in detail. It gives you the comfort of knowing bank balances at critical future dates and the ability to manage them. When a sales delivery is confirmed or when a service invoice is raised, or when a purchase order is billed, a mirrored transaction is posted into the forecast. This data is then used to predict future bank positions. The transaction due dates are supplemented with the expected date - which is based on average days to pay from/to customers and vendors. Likewise when receipts and payments are posted into the debtor/creditor ledgers bank forecast entries are posted as well. This all adds up to clear and instant forward bank positions, with extremely little accounting effort.

Business Financial Stability

Did you ever think how nice it would be to sit back and navigate your business into the future in the knowledge that all upcoming costs and loan repayments are covered by forecast bank balances?

By taking as much information about NetSuite entities and transactions as is possible, and then by adding rolling calendars and future "flow forecast" transactions, Money Manager is able to give dynamic and accurate guidance to your decision making.

Would you drive your car without a map, your ship without a chart and your missile without a guidance system?  With Money Manager you get to see DAILY PREDICTIONS OF BANK BALANCES, AND THE UNDERLYING INCOME AND EXPENDITURES. 

Reducing business risk is the key to success, and Money Manager is a fundamental component of risk reduction and ongoing financial stability.

Key Benefits

  • Short Term Planning
    Money Manager is self-populating from customer and vendor transactions which are seamlessly merged with flow forecasts for repeating income, standing charges, loans, capital costs and operating costs. All this data is available instantly - on a single click - for the next 14 days by day, and the next 13 weeks by week in easy to understand views.
  • Powerful Architecture
    Liquidity Manager is Group or Company based in accordance with NetSuite OneWorld architecture and using NetSuite roles and permissions individual data ownership can be set to (for instance) line managers for sales income streams, cost streams and capital projects.
  • Always up to date
    Refreshing the underlying data is achieved through a combination of calendar control, background processing, automated date filtering and spreadsheet-style list editing.
  • Users can drill down to forecast entries to see the build up of any forecast amounts. 

Customer Quote

"A phenomenal improvement in my knowledge and control of our liquid resources and future profitability".
- Paul Edwick, CEO Fairy Glam Group.

Target Users

Owners and Founders.
Instant income & expenditure analysis with fiscal period budgeting and historical reporting for past periods and upcoming months.

Financial Controllers.
Daily, weekly and monthly cash flow planning based on live transactions, direct bank payments and expected payment dates.

Money Manager is one of three options for managers responsible for cash flow / treasury management. The entry level option is Cash Manager for NetSuite which is a single company adaptation that works on cash flows for the next 13 weeks. The next level option is Money Manager for NetSuite which is multi-company and works on detailed cash flows for the next 14 days and the next 13 weeks. The top level solution is Liquidity Manager which besides the features in Money Manager includes long term planning with flow stream forecasting by month for the coming year, and by year for the next 5 years.

NetSuite Based Development

Because Liquidity Manager is developed using standard NetSuite development tools it means that:

  • The user interface is the same and there's no need for any extra staff training
  • The group structure you have adopted in NetSuite is the same when working in Money Manager
  • Banks and currencies customers and vendors used are all the same records
  • Analysis grouping is the same
  • Date formatting is the same
  • Security is the same including specific roles for Money Managers
  • Customisation possibilities and development methods are the same
  • There's no need for any API processes with other software platforms

Account Structure / Profitability Forecasts

Income & Expenditure is reported at the "classic" accounting levels of Income; Gross Margin; Operating Costs; Financial Costs; Taxation; Net Profits; and Capital Flow.

A lower level "flow account" coding system is available and reflects the GL account code structure in NetSuite.

At the lowest level - "Forecast Entries" are the equivalent of GL Entries that are also editable as circumstances change.

An Upgrade Path - To Long Term Planning

There's an easy upgrade to Liquidity Manager just as soon as you need long term planning.

Money Manager is mainly based on the analysis of open transactions in standard NetSuite. In Liquidity Manager, entries called "Flow Stream Forecasts" are made using templates. Each one of these represents a type of income, type of cost or capital flow. Each element of a flow stream can have different dates and values. They can be dated as becoming due at any point in the next five years.

As circumstances change, individual flow streams can be edited and updated to reflect your latest views or the latest views of line managers.

These forecast records are seamlessly merged with NetSuite open transactions and cleared bank entries to give the full liquidity picture for your organisation. That is by day or by week or month for the next 5 years.

Easy Reporting / Inbuilt Accuracy

All forecasts are based on the latest bank statement closing balance - which money managers have to input on a regular basis (such as daily, weekly or monthly).

All the forecast generating data used is held in a single table, where each entry is given both a due and forecast clearing date. Forecast clearing dates for transactions are based on the average days to pay by customer or vendor. Due dates are as specified on the transaction.

Income & Expenditure Based Accounting

Income & Expenditure based accounting tends to be mostly used by government organisations throughout the world. It is a form of accounting thats very easy to understand and with the added advantage that periodic accounts can be produced quickly and accurately.

Liquidity Manager uses this accounting technique throughout all the forecasts made, and in the fiscal accounting of previous years results.

As with historical GL records analysis can be done using filters and searches across many headings. The system allows you to predict, monitor and analyse by flow stream, by sales group, sales channel, subsidiary, division, project, territory, salesman, partner and business class, all in combination with one another.

Simply-Does-IT is a UK based company with a development team based in southern Spain. Founded in 2009 to specialise in NetSuite software, Simply-Does-IT staff have more than 30 years of experience in developing and implementing systems in a wide variety of companies and industries. 

As our name implies - we make IT solutions simple!

Ratings & Reviews

Be the first to write a review