Cash Flow Analysis
In this guide, we'll look at how to get all of the necessary data you need to perform a Cash flow analysis on a business.
Use Case Overview
A cash flow analysis is essential when analyzing a business's liquidity position, forecasting a business' future cash flow, or helping a company make better operational decisions.
With Alloy, you can quickly access the real-time financial data you need to make data-driven decisions for a business. To conduct a thorough cash flow analysis, you'll need to gather data such as bank transactions, accounts receivable (invoices), accounts payable (bills), and payments, among other financial details. In this guide, we'll look at how to retrieve this essential data when analyzing a business.
Bank Transactions
To start, create a workflow using the On Installation Trigger.
The On Installation Trigger tells Alloy to only run this workflow when an end user connects to your app. If you need to run the workflow multiple times, use a Custom Event or a Scheduled Trigger to run at specific intervals.
Then, select the accounting connector you are building a workflow for. For this example, we're using an integration with Quickbooks.
Click within the Select an Action input field, then navigate to Transaction list. Select the Gets a specific Transaction list option. From here, you can configure the optional parameters to include variables like start date, end date, payment method, etc.
Once configured, hit Next to complete this action. Remember, you can leave the optional parameter fields blank to retrieve the historical transactions a business has completed.
Lastly, stream all of this data to your application by using the stream data connector. Your workflow should look like this at the end:
Accounts Receivables
Learn more about building an accounts receivables workflow.
Accounts Payables
Learn more about building an accounting payables workflow.
Payments
Learn more about building a payments workflow.
Wrapping Up
With Alloy, you can build powerful workflows to get the data you need to perform a cash flow analysis including bank transactions, accounts receivables, accounts payables, payments, and more.