What is Cash on Hand?
Cash on Hand, also referred to as Cash Balance or Bank Balance, is the total amount of money that is currently your bank accounts.
Cash On Hand is also the starting for calculating past and future balances.
Where can I see my Cash On Hand?
Cash On Hand is the first metric in the status bar of the forecast page in Cash Flow Frog:
How is it calculated?
Cash On Hand is the sum of the (reconciled) balances of your bank accounts.
Cash Flow Frog updates the balances of your bank accounts from your accounting system every day to keep your forecast up to date.
Does it affect my forecast?
Cash On Hand reflects your cash situation right now, therefore it is also the starting point, from which your cash flow forecast starts.
Can I edit my Cash On Hand?
Yes. There are two ways in which you can edit your Cash On Hand:
Choose which bank accounts should be part of your cash flow:
Click on Cash on Hand.
Select to include or exclude each bank account.
Set the balance manually:
Click on Cash On Hand.
Enable the Set cash balance manually setting.
Enter the value for the balance.
Choose whether this value will expire after the next sync or remain until you change it again.
How can I make sure that my Cash On Hand is correct?
The only thing you should do is keep your bank accounts reconciled with your accounting software. Cash flow Frog regularly and automatically pulls data and keeps it up to date from your accounting software. So as long as your bank accounts are reconciled, your Cash on Hand should be perfectly fine.
How do my credit card balances affect my Cash on Hand?
By default, your credit card balances are not included in your Cash on Hand. This is the recommended setting.
Credit card balances are deducted from your bank account when you pay the statements. Only then, they indirectly affect your Cash on Hand.
However you can include credit card balances in Cash on Hand, and then every credit card charge will be deducted from your Cash On Hand immediately when it occurs as if it was a bank account, even if you haven't paid the statement yet.
To include credit cards in your balance:
Click on Cash On Hand.
In the credit cards section change the setting of the credit card you would like to include from "Include in Credit Cards" to "Include in Cash On Hand".
We recommend using the first (and default) option as it is easier to understand.
Never be surprised by a change in cash flow again