SQL Account - Advance Project Cash Flow
SQL advance PROJECT CASH FLOW management allows you to know both the project's Net Cash Flow position & the project's profitability.
00:00 - Introduce
00:16 - Profit & Loss vs Cash Flow
00:29 - Secured a new project 7 million
00:32 - Completed 50% , made progress claims of 3.5 million
00:38 - Total Cost of this project is 1.2 million
00:41 - Paper Profit of 2.2 million
𝐓𝐡𝐞 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧 𝐢𝐬, 𝐝𝐨𝐞𝐬 𝐭𝐡𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝟐.𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐂𝐀𝐒𝐇 𝐅𝐋𝐎𝐖 𝐭𝐨𝐨 💰💰 ??
00:56 - SubCon progress claims
01:02 - 2 progress claims of total 3.5 million, customer paid only 800k
01:10 - Payment to 3 subcon progress claims 390k
01:18 - Outstanding of 10k for pilling subcon
There is no doubt that you are paying your supplier too quickly when your customer has only paid you 23% of what you have claimed
🔥Conclusion: As you can see, this project generates a paper profit of 2.2 million, but you are also responsible for covering the 13k shortfall in cash flow.
🔥Ensure the successful project management of your company by using SQL Account today!
🔥Want to know more about SQL Software? get a FREE DEMO from www.SQL.com.my