What is Cash Flow Management?

Simply put, cash flow is the money going in and out of a business. Think payments, expenses, invoicing, etc. Cash flow management is the careful tracking and analysis of these transactions. There’s no dispute that finances are best tracked in a spreadsheet. You could track cash flow in a static spreadsheet, but this will require a lot of manual work and manipulation when what you really want is a system that will make visualizing and reporting financial data a breeze.

Use Spreadsheets To Manage Cash Flow

At Sheetgo, we are committed to developing applicable solutions for your business. We don’t just provide you with our spreadsheet enhancing add-on, and leave you to it, we provide you with the same real-life solutions that we use ourselves! We created a cash flow template to use as the main tool for managing finances day to day. The Sheetgo Cash Flow Template for Google Sheets is not just a static template with pretty fonts and colors. It’s a dynamic, automated cash flow management system based on Google Sheets. Our system includes an Accounts Payable spreadsheet and an Accounts Receivable spreadsheet which are connected using Sheetgo to a third Cash Flow spreadsheet. These three spreadsheets are connected using the Sheetgo add-on to automatically update the data that flows between them. Take a look at the diagram below to understand how our system works:

Sheetgo´s Cash Flow Template for Google Sheets
    Example: Simple graphic that summarized your cash flow balance

Let’s Get Started

Step 1. Install the Cash Flow Template

Sheetgo is an add-on for Google Sheets which enables your spreadsheets to “talk to each other”. Using the Sheetgo add-on allows you to make connections between any kind of spreadsheets stored in your Google Drive. Installing Sheetgo is necessary to make this system work. Click here to install the template. You will be asked to log in with your Google account as the spreadsheets will be created and saved into your Google Drive. Your Sheetgo account will automatically be created after the Google login. Google login for sheetgo app

Step 2. Install the Sheetgo add-on

Install the add-on directly from the Cash Flow spreadsheet by clicking the add-ons button in the navigation menu, then click the Get add-ons button. A window will pop up for you to browse. Type “Sheetgo” in the search box. Click the Free button to get the add-on, and you are ready to start using Sheetgo!

Sheetgo´s Cash Flow for Google Sheets

Step 3. Configure the Cash Flow Template

 Let’s Break Down the Contents of the Spreadsheets:

Payments (Accounts Payable)
  • Instructions
  • Payments
Receipts (Accounts Receivable)
  • Instructions
  • Receipts
Cash Flow (Master Sheet)
  • Instructions
  • Cash Flow Analysis
  • Monthly Cash Flow Chart
  • Receivables Analysis
  • Payables Analysis
  • Receipts
  • Payments

Your “Cash Flow” spreadsheet will have seven tabs on the lower left corner: Instructions, Cash Flow Analysis, Monthly Cash Flow Chart, Receivables Analysis, Payables Analysis, Receipts, and Payments. The Instructions sheet provides you with a step-by-step guide to configure your cash flow template. On the Cash Flow Analysis tab, you can find a Cash Flow Monitor that visualizes your cash balance on a monthly basis. In the next tab, this Cash Flow monitor is visualized as a chart. The Receivables and Payables Analysis tabs separately analyze your Payments and Receipts per product/service. Finally, you have the Receipts and Payments tabs that are the connections created between your separate Receipts and Payments spreadsheets and the Cash Flow Master Sheet, using Sheetgo.


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