Using the Hidden Cash Feature in The Clear Path To Cash App

The Clear Path To Cash App offers a powerful tool called the “Hidden Cash” feature, designed to help you uncover hidden opportunities and insights within your company’s financial data. This feature is based on the “Mining Your Business For Hidden Cash” technique taught in Cash Flow Mike’s Clear Path To Cash. In this article, we’ll guide you through how to use this feature effectively.

Selecting a Period for Analysis #

To get started with the Hidden Cash feature, follow these steps:

1. Log In: Log in to your Clear Path To Cash App account.
2. Access Hidden Cash: Once logged in, navigate to the Hidden Cash feature. This can typically be found in the app’s main menu or dashboard.
3. Select a Period: In the Hidden Cash feature, you’ll find a “Period” dropdown menu. Click on it to reveal the available options. Select the period you want to analyze. This period will serve as the basis for your financial analysis. Periods are created in the Financial Data Tab located in the left side navigation menu.

Three Types of Analysis #

The Hidden Cash feature in The Clear Path To Cash App provides a comprehensive analysis of your company’s financial performance in three different ways:

1. Comparing to Owner’s Goals #

This analysis compares your company’s current financial performance to the goals set by the owner(s) for the company. It helps you assess how well your business is meeting its internal objectives. The comparison provides valuable insights into areas where your business may be excelling or falling short of its predetermined targets.

2. Comparing to Industry Average #

The Hidden Cash feature also allows you to compare your company’s performance to the industry average for the NAICS (North American Industry Classification System) code you entered during the initial company setup. This benchmarking helps you gauge your business’s standing within your industry. It highlights areas where you may be outperforming industry norms or where improvements may be needed to stay competitive.

3. Comparative Ratio Table #

In addition to visual comparisons, the Hidden Cash feature presents you with a comparative ratio table. This table provides detailed insights into the financial ratios used in the analysis. Ratios such as cash generating activities and cash conversion activities are calculated and displayed, allowing you to see the numerical basis for the charts and comparisons presented.

Using the Results #

The insights gained from the Hidden Cash analysis can be invaluable in making informed financial decisions for your business. Whether you’re looking to identify areas for improvement, track progress towards goals, or understand your position within your industry, this feature equips you with the data and visual representations to do so effectively.

Within each chart’s legend, you have the flexibility to toggle the visibility of specific data points, allowing for a more in-depth analysis of particular elements. When you disable a data point, the recalculated hidden cash value reflects the remaining visible data points, offering a focused numerical representation.

Moreover, the notes section provides an opportunity to annotate the charts. By clicking on legend items, you can dynamically adjust and recalculate the chart, tailoring your analysis to your specific interests. These chart adjustments and notes can be seamlessly incorporated into a personalized PDF report, enhancing your ability to capture and document key insights for future reference.

Remember to regularly use the Hidden Cash feature to keep your financial analysis up to date and aligned with your business goals. It’s a powerful tool to help you uncover opportunities and make informed financial decisions.

For more specific details or assistance on using the Hidden Cash feature in The Clear Path To Cash App, consult the app’s help center or reach out to our customer support team. We’re here to help you make the most of this valuable resource.