Forum Discussion
ppdyabs
5 months agoSocial Sightseer
Is there an efficient way to allocate personal deficit cashflow to be drawn from a related company in Xtools?
- lana.graham5 months agoIress Contributor
Howdy ppdyabs,
Sadly the short answer is No. At the moment there are a number of steps you need to follow to draw cashflow from a company.- See tomm ’s question above. You will need to duplicate tabs so you can easily switch between screens.
- Keep the Cashflow Consolidated or Cashflow Summary screen open so you can see the Net Cashflow.
- Duplicate the tab and navigate to Display > Company > Assets Details
- enter withdrawals to meet your Cashflow shortfall.
- Duplicate the tab and navigate to Display > Company Dividends
- enter Other Cash Dividend amounts to equal the NPAT amount.
- Now go back to your Cashflow Consolidated/Summary tab and refresh to see the dividend come through.
- Go back to the Company Assets tab and repeat the steps to cover the cashflow in each period.
I acknowledge that this is by no means efficient. I’m keeping a record of this so we can look at making it easier.
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