An Important Component of Your Company’s Financial Management is Forecasting

A cash flow forecast is an essential business document for helping you keep on top of your finances. When you create your financial plan with inflows from revenue, outflows from expenses and inflows from investment, the result is your cash. Forecasting cash as part of your plan to drive and manage these activities is key to have in place as part of managing your business.

“Cash flow is the amount of cash that actually comes in AND goes out of a business during a period of time.” 

6 Benefits From Creating and Regularly Updating a Cash Flow Forecast

  1. Is great for planning your business activities and resources
  2. Ensures your business activities are aligned with each other
  3. Supports you in making sensible, realistic decisions for your business
  4. Gives you greater control over your business finances
  5. Allows you to better understand your business performance
  6. Helps you plan for the future

A forecast is essential to planning for and managing your cash. Connect with us if you’d like help getting started or feedback on what you have in place.

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