How to use your Dashboard
Your dashboard is the place to go for an overview of your business finances. It gives an instant picture of your business’s financial health and lists the tasks to complete to keep on top of things.
See the full process broken down with screenshots here or alternatively continue reading:
Connecting your bank accounts
The Dashboard highlights tasks you must prioritise, such as connecting your bank accounts if you still need to do so. Linking all your accounts is a crucial first step, as it allows Ember to import transactions automatically, saving you time and ensuring accuracy in your financial records.
How to connect:
From the Dashboard look for the task labelled “Connect your bank accounts.”
Follow the instructions to link your bank accounts securely.
Reviewing transactions
Your business transactions need to be reviewed so we can feed the correct information into your reports.
We use your reviewed bank transactions to calculate your real-time financial position and tax obligations.
The transactions feed is updated daily, and we'll let you know whenever you have transactions to review by showing a task highlighting how many transactions need reviewing.
Reviewing steps:
Click on the transactions to review task which takes you to your Transactions page.
Assign each transaction to the appropriate category and mark as reviewed.
Completing high-priority tasks
The Dashboard outlines high-priority tasks, if there are any, ensuring you know what needs your attention first. If you don’t have any high-priority tasks, the dashboard displays your upcoming tasks. It also provides a direct link to your My Tasks page for a comprehensive view of all your to-dos.
Managing tasks:
View the list of high-priority tasks on the Dashboard.
Click on any task to take action or mark it as complete.
Use the “View all tasks” link at the bottom of the list to view all your outstanding tasks.
Monitoring your income tax obligations
Stay ahead of your tax obligations with the Dashboard’s income tax overview. Depending on your business structure, it displays the estimated amount you owe in income tax, whether it’s Corporation Tax or Self Assessment.
Tax Information:
You can view how much you owe for your current financial period.
For more details, click on the amount to see a breakdown of how the amount has been calculated.
Understanding Dividend Withdrawal Capacity
For limited companies, the Dashboard offers valuable insight into how much you can withdraw as dividends, linking to a detailed report for a deeper dive.
Dividend Details:
Locate the dividend figure section on the Dashboard.
Click on the figure to see a breakdown of how the amount has been calculated.
Analysing cash and profit over time
Gain insights into your financial performance with the Cash Over Time and Profit Over Time graphs. These visual tools help track your business’s progress, driven by transaction data and categorisation.
Graph Usage:
View the graphs directly on the Dashboard for a quick financial overview.
The Cash Over Time graph reflects money-ins and outs.
The Profit Over Time graph is based on reviewed transactions, offering insights into your profitability.
Figures for the current financial period
The Dashboard updates in real-time to show relevant figures for the current financial period, helping you make informed decisions based on the latest data.
By following this guide, you can make the most of your Dashboard to manage your financial tasks, stay informed about your financial health, and make strategic decisions for your business.