Check your knowledge

Answer the following questions to see what you've learned.

The business owner wants to find a tool to help monitor and manage their cash balances effectively. Which tool should they use?

Cash flow forecasts

Optical character recognition (OCR)

Budget proposals

Which workspace should you use if you want to create a new snapshot of your cash position?

Cost control workspace

Cash flow forecasts workspace

Data management workspace

Which grid in the Cash position tab shows the impact of expected cash inflows and outflows on the bank balance?

Cash flow grid

Bank account grid

Projected bank balance grid

You must answer all questions before checking your work.