Explore more insights

Product Focus: Estimated Serviceability calculator

Checking affordability scenarios using our Estimated Serviceability calculator

Ollie Maitland Oct 20, 2020

A business thinking about the future will inevitably need to consider how to get there - from product development to how to “go to market” and, crucially also how much all of this will cost. 

Image source: Float app

Whether they do this on the back of an envelope, in Google Sheets/Excel or in a robust cash flow building tool such as Float, Spotlight or Futrli Predict, at some point the scenario will need to meet reality.

Our capital advisory platform is connected with over 100+ lenders and we’ve handled tens of thousands of offers. With that knowledge we’ve introduced our Estimated Serviceability component integrated into the funding search journey.

 

Powered by cloud accounting financials

Whether Xero, QuickBooks or Sage cloud accounts has plenty of useful history to start to build a picture of a client’s affordability - so we’ve extended our usage of it to affordability calculations.

Steps:

  1. After you’re created a funding search use the “Pre-fill application” feature
  2. Connect to Xero, QuickBooks or Sage Business Cloud
  3. See information in Trader History and other sections complete
  4. See Estimated Serviceability populate
  5. Check the numbers 
     

Estimated Serviceability in action...

 

 

Five ways affordability can affect your client

  1. Amount
  2. Term of the loan
  3. Dividends
  4. Repayments
  5. Interest rate

 

 

Keep up with what's going on...

 

If you'd like to find out more about capital advisory, funding, debt recovery and/or Capitalise, we're running regular web sessions, UK market briefings, motivational presentations by thought leaders outside the accounting realm and more. 

 

  1. See full schedule
finance
profitability
help
alternative finance
invoice finance
fintech
news
accountant
case study
trade finance
contract finance
working capital
startup loans
refinancing
fashion finance
merchant cash advance
future accountant
product of the month
women in funding
partner of the month
business tips
accountants
accounting
product
forecasting
live session
accountex
2019
capitalise
funding
monitor
ai
international women's day
covid19 coronavirus
corporate finance
accounting firm
m&a
asset finance
hire purchase
businesses
credit score
rls
business funding
business credit score
south africa
business
adviser
small business
business loan
property finance
commercial mortgage
credit imporvement
spring budget 2023
small businesses
spring budget
ccj
inflation
commercial mortgages
trade debtors
cash flow
truck finance
late payments
lorry finance
manufacturing
building a financial safety net
healthcare
trade debtor days
overdraft
bridging loan
credit checks
interest rates
overtrading
templates
balance sheet
construction
bad debt
company credit checks
debt collection
credit control
check company credit
business loans
instant offer
credit scores
credit review service
economy
company credit check
commercial property
revolving credit facility
Follow Us
Sign Up to Receive Updates

Signup to our newsletter

Have insights about the accounting community sent straight to your inbox. Sign up to our newsletter.