The Money Out screen helps you track all the payments your business is expected to make this month. This includes outstanding bills, overdue payments, and upcoming due dates, ensuring you have a clear picture of your financial obligations.
💡 Pro Tips for Managing Your Payments
✅ Always update your bills in your accounting platform and ensure they are saved correctly. If bills are missing or not recorded properly, you may forget a payment or not know when it is due. Regularly updating your incoming bills helps with accurate record-keeping, proper cash flow calculations, and avoiding late fees. It also ensures that Finoya can provide you with the most up-to-date insights on your financial position.
✅ If this screen is blank or has no data, it means you or your team are not tracking incoming bills properly. This forces you to rely on emails or supplier follow-ups to remember payments, which can lead to missed deadlines or unexpected cash flow issues. Keeping this section updated prevents last-minute payment surprises and helps you plan ahead.
⚡ Currently, this page does not track ongoing payments made via credit card, such as software subscriptions or ad hoc expenses. We are actively working on an AI-powered feature that will automatically track these transactions. In the meantime, you can manage and track these expenses using Noya AI to ensure they are accounted for in your cash flow planning.
What Does This Screen Show?
1️⃣ Total Outstanding Invoices
This is the total amount your business owes to suppliers, vendors, or service providers.
If this number is high, you might need to plan your cash flow carefully to ensure timely payments.
2️⃣ Invoices Overdue by 7 Days
This shows payments that are slightly overdue (by a week or less).
Keeping track of this helps you manage cash flow and avoid late payment fees.
3️⃣ Invoices Overdue More Than 7 Days
This highlights bills that are significantly overdue, meaning they were due more than a week ago but remain unpaid.
If this number is increasing, you may need to prioritize these payments to maintain good supplier relationships and avoid penalties.
Invoice Payments Table
Below the summary boxes, you’ll see a list of all invoices for the current month, showing:
Supplier/Vendor Name – Who you owe money to.
Invoice Number – A reference number for tracking payments.
Original Due Date – When the payment was due.
Amount – The amount you need to pay.
Reviewing this table regularly helps you stay ahead of upcoming payments, avoid late fees, and manage cash flow efficiently.
Why This Matters
Monitoring Money Out ensures you always know how much money your business needs to pay this month. If overdue invoices increase, you may need to adjust spending or prioritize payments to maintain a healthy cash flow.
Finoya keeps your financial data updated weekly, so you always have a clear and accurate view of your cash flow. The top bar shows the last sync date and the next scheduled update, ensuring you're working with the latest insights to manage your business finances effectively.