Cash Flow Planning
A good cash flow forecast might be the most important single piece of a business plan. All the strategy, tactics, and ongoing business activities mean nothing if there isn’t enough money to pay the bills.
That’s what a cash flow forecast is about—predicting your money needs in advance.
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Understanding Your Goals
Profitable companies can run out of cash if they don’t know their numbers and manage their cash as well as their profits. That’s why a cash flow forecast is so important. It helps you predict how much money you’ll have in the bank at the end of every month, regardless of how profitable your business is.
Create Strategic Plan
A good cash flow forecast will show you exactly when cash might run low in the future so you can prepare. It’s always better to plan ahead so you can set up a line of credit or secure additional investment so your business can survive periods of negative cash flow.
Progress & Reviews
Realtime management is minding the projections every month with plan versus actual analysis so you can catch changes in time to manage them.
Forecasting cash flow is unfortunately not a simple task to accomplish on your own. You can do it with spreadsheets, but the process can be complicated and it’s easy to make mistakes.
Fortunately, we offer affordable options that can make the process much easier – no spreadsheets or in-depth accounting knowledge required.