Cash-flow Forecast
Without cash, your business won’t run. Your employees will quickly become unhappy, your supplier will stop supplying you and believe it or not, you can run out of cash while your business is very profitable. Hail King Cash!
So what is a Cash-flow Forecast? Simply it measures the amount of cash coming into a business, against what goes out and when. The Cash-flow Forecast is commonly prepared for the year in advance and shows the expected bank balance at the end of each month.
You can’t manage something you aren’t measuring. Many businesses don’t believe they have a cash-flow problem, yet they are regularly putting their own money into the business, have an overdue tax bill or underpaying themselves. This happens because they are not measuring their cash-flow.
Regardless of the size and complexity of your business, there are many benefits from forecasting your cash expectations. These include:
- You can worry less about the day to day operations and focus on building a successful business
- Your business can honour its debts and pay on time, strengthening your relationship with suppliers. Also helps your credit rating if you ever seek financing
- Good cash-flow management can reduce your reliance on external resources and lower interest costs, late penalties and use of money interests
Our cash-flow management service has been designed to review and treat the underlying causes of your cash-flow challenge. We will set annual goals and devise 90 day action plan for improvement and hold you accountable to implement simple strategies to maximise cash-flow.
The sooner we complete a Cash-flow Forecast for you, the sooner we can work together to agree strategies for improvement.
Contact us today on 09-600-1886 to understand how we can develop a Cash-flow Forecast for you or to know more about our Packages.