ㅤPayment calendar – a section that shows general information on your accounts as of a certain date
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ㅤIn this section you can view the balances for the selected date. Using filters, you can select the required account, as well as determine whether to take scheduled payments into account when calculating.
In addition, you can schedule new transactions directly in the calendar: income, expense or transfer, which allows you to plan the flow of funds in advance and forecast balances.
The balance sheets are presented on the following basis:
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1) the amount highlighted in green is the total amount of receipts for the selected date
2) the amount highlighted in red is the total amount of write-offs for the selected date
3) the amount highlighted in gray is the total balance of accounts for the selected date
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ㅤAt the bottom of the page, we can see the account balances both in the specific account’s currency and in the company’s currency for a given day, the exchange rate used to convert the balance into the company’s currency, as well as the payments for that day
You also have the opportunity to view payments made on the date you selected.
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ㅤ*note that those accounts that have a negative balance as of the selected date will be highlighted in red
ㅤ**Also, for future transactions, the exchange rate is taken as the actual rate on today’s date, since it is not possible to predict the rate for a specific date in the future
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ㅤWith the help of the Payment Calendar, you can prevent a cash gap – a situation when a company temporarily lacks money to pay its invoices. As a rule, this money is in accounts receivable and should be coming to the business anytime soon.
Finmap will highlight this situation in the Calendar with the appropriate color
