A better forecast with Cashflow updates

Last week, we launched some exciting updates to our Cashflow feature, which is available to you and your level 7 and 8 clients. Here's a quick rundown of the changes we made to improve the feature.

Algorithm improvements

We’ve improved our prediction algorithm to include more ‘fixed cost’ payments, like rent and professional fees, in your clients’ Cashflow forecasts.

Manual and predicted events

You and your clients can now add manual events to their Cashflow calculations, which can be useful when you want to tailor their Cashflow picture.

You and your clients can also change the dates of predicted events, such as the date they expect to pay a particular bill or receive payment for an invoice. This may come in handy if your clients expect a particular invoice to be paid late.

Payment reminders

You and your clients can now choose to send payment reminder emails to their late-paying customers directly from the Cashflow feature.

Standing orders

For clients who have NatWest, Royal Bank of Scotland and Ulster Bank NI current accounts, FreeAgent now includes details of standing orders in their Cashflow calculations via Open Banking.

You and your clients can learn more about FreeAgent’s Cashflow functionality over on our Knowledge Base.