| |
Spreadsheet |
CashWhiz |
| 1. |
Create your own formulae's |
Formulae built into CashWhiz ensuring no risk of undetected errors |
| 2. |
Double entry of data |
Data easily imported from accounting software applications |
| 3. |
Difficult to consolidate businesses |
Seamlessly consolidate businesses and exclude inter-entity transaction if applicable |
| 4. |
Time taken to produce professional reports |
Batch report feature where you select desired reports and they are professionally produced with contents page, table of contents & results summary page |
| 5. |
Difficult to create a generic template - every business is different |
Flexible enough to conform to any type of business. Income Driver & Labour Driver feature allowing you to customise depending on the business requirements |
| 6. |
Not powerful enough to consider detailed what-if scenarios |
Perform a what-if on any account (incl income drivers) and immediately see the effects |
| 7. |
Difficult to integrate cashflow - profit & loss - balance sheet |
Budgets only need to be entered once. Collection/Payment term feature will automatically prepare the cashflow forecast and the 'Balance Sheet Setup' will produce the projected balance sheet |
| 8. |
Often numbers are linked between spreadsheets increasing the chance of user error |
All reports are integrated. A change to say the what-if will automatically update the cashflow, P&L, 5 yr forecast, break-even, ratios, working capital, graphs etc |
| 9. |
Time taken to include formulae's for GST, PAYG instalments, interest, super etc |
Automatic calculations are in-built, thus reducing time and improving accuracy |
| 10. |
Separate document normally required to provide your assumptions |
In built commentary where you type your comments as you go. When you print your reports the figures will be referenced to the commentary/assumptions where applicable |
