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Suppliers, labs and profit & loss

What you owe and to whom, your real profit each month, and your cash in the coming weeks.

Available to: Owner, manager & accountant

1. 1

   Suppliers and labs: when goods arrive on credit, record them from Inventory as On credit, or add a credit purchase bill with its number and due date.

2. 2

   Each supplier shows its balance and what is overdue; each lab shows the cost of work received minus what was paid.

3. 3

   Pay records the payment as an expense from the account you choose (cash drawer, bank or a wallet), and the balance updates by itself.

4. 4

   Profit & loss: every month of the year in one table: collections, refunds, each expense type and net profit. Owner withdrawals show separately because they aren't an expense.

5. 5

   Cash forecast: your balance over the next 8 weeks after instalments due, supplier bills and fixed costs, with a warning if it would go below zero.