What is Cash Insights
Cash Insights is a new feature available in your Outmin dashboard (currently in BETA for hospitality customers) that gives you an immediate view of your cash flow.
It shows all your Money In and Money Out from your automatic bank accounts, helping you track your financial position at a glance.
Previously, this data was shared via static reports like Excel or Google Sheets. Now, Cash Insights offers dynamic, daily updates with interactive features like drill-downs and visual charts to give you a clearer understanding of your cash flow.
How to Use Cash Insights
1. Accessing Cash Insights 🚪
On Desktop:
Log into your Outmin dashboard here.
As soon as you log in, Cash Insights will be visible right on the dashboard, so there's no need to click anywhere else to access it.
On the Mobile App:
Open the Outmin app.
If Cash Insights is enabled for your business, you can access it on the mobile app home screen. (Cash insights has replaced the revenue and expenses buttons)
2. Understanding the Dashboard 🖥️
Once inside the Cash Insights dashboard, you'll see:
Money In: All income categories (e.g., sales, deposits).
Money Out: All expense categories (e.g., rent, payroll, food purchases).
Total Movement: Shows the difference between Money In and Money Out to give you an overall view of your current cash position.
3. Filtering Time Periods 📅
At the top of the Cash Insights dashboard, you can select and filter the time period for the data you want to review.
4. Drilling Down into Transactions 🔍
To explore specific details:
Click Money In or Money Out.
You'll see a list of categories (e.g., Beverages, Rent).
Click on any category to drill down into individual transactions.
You can now review each transaction that contributes to the totals for that category.
5. Using Data Visualisation 📊
Visual charts automatically generate based on your financial data.
These charts allow you to:
Spot trends and patterns in your cash flow.
Easily identify where most of your income comes from or where most of your expenses go.
Track how money in and money out fluctuate over time.
6. Exporting Your Data 📥
If you need a copy of your Cash Insights data, click Export in the top-right corner of the dashboard.
This allows you to download your data as a file, making it easy to share with others or keep for your records.
7. Checking Data Sources 🔗
To verify the accuracy of the data:
Click on View Data and Connected Accounts to see a list of all bank accounts that feed into the Cash Insights report.
Ensure all your accounts are connected and up to date for the most accurate reporting.
8. Dealing with Disconnected Accounts ⚠️
If a bank account becomes disconnected, you’ll receive a notification to reconnect it.
Until you reconnect, Cash Insights will display data up to the last successful sync, so your reports remain available.
FAQs
1. What is Cash Insights?
Cash Insights shows all your Money In and Money Out from connected bank accounts, helping you track your financial position at a glance.
2. How often is the data updated?
Cash Insights is updated every night, providing you with the most current view of your cash flow.
3. Can I compare different categories within Cash Insights?
Yes! You can easily compare categories within the Money In and Money Out sections, allowing for a better analysis of your income and expenses.
4. How can I trust the accuracy of the data?
You can verify the accuracy of the data by clicking on View Data and Connected Accounts, which shows all the bank accounts feeding into the report.
5. What should I do if I encounter issues with Cash Insights?
If you experience any issues, please reach out to our support team for assistance. We appreciate your feedback as we continue to improve this BETA feature.
6. Will Cash Insights evolve over time?
Yes, this feature is currently in BETA, and we anticipate making changes and improvements based on your feedback.