Optimize the financial management of your construction business with the Cashflow Manager module on Monday.com. Automation of payables, tracking of receivables, cash flow forecasting, all directly linked with QuickBooks, Acumba, Sage, and others
Key features
Cashflow management module with Monday.com
Automated Management of Payables and Receivables
Synchronization with QuickBooks, Acumba, Sage
Automatic invoice collection list (by day, week, month)
Customizable columns: project, client, type, status, instructions
Payment Forecasts (EDP)
Estimation of upcoming collections by project or client
Tracking of grants, extras, services
Calendar view to see what is coming in and when
Indicator of active communications on each invoice
Cash flow management module
Transform your financial management of your construction sites
Why is good management of accounts payable crucial for a business?
Accounts payable management involves ensuring that all supplier invoices are processed and paid correctly.
Effective management allows for:
Maintaining strong relationships with suppliers
Avoiding late penalties
Optimizing the company's cash flow
In summary, good management of accounts payable is essential for the financial health and reputation of the company.
Common errors in accounts payable management
Manual entry errors: Incorrectly entered figures can lead to incorrect payments.
Poor tracking of due dates: Payment delays can harm relationships with suppliers and lead to penalties.
Lack of visibility into financial obligations: Without a clear overview, it is difficult to plan cash flows.
Managing accounts payable with Monday.com
Automate invoice tracking: Thus reducing manual errors.
Set reminders for due dates: Ensuring timely payments.
Gain real-time visibility into financial obligations: Facilitating better cash management.
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