What should I do if I need to top up excess cash for spending?/ What does target balance mean?

 With CashWise, the process is simplified. Instead of manually calculating how much cash you need and transferring funds, you just let the system know the amount you need for a specific day, and it takes care of the rest.


In a typical finance workflow, you would:

  1. Check your current bank balance.

  2. Calculate how much additional cash is needed for a payment.

  3. Manually move the funds to ensure there’s enough in the account.


With CashWise, you only need to:

  1. Enter the total amount you need for a specific day.

  2. Select the account where the funds should be available.

CashWise will automatically calculate the shortfall, pull the required funds, and ensure the specified amount is ready on the payment day.

How Is It Different?

For example, if you have $150k worth of payments due next week but only $100k in your account:

  • Traditionally, you would calculate the difference ($50k), then manually move the funds.

  • With CashWise, you simply set the amount you need ($150k) and the system ensures the full amount is available on the specified day and no manual calculations or fund transfers required.

By automating this process, CashWise saves time, reduces errors, and streamlines your cash management. Just set it, and forget it!