Our Cashflow Forecast Service
Cash is the lifeblood of any business; even profitable organisations can fail because of poor cash flow.
If you only prepare a Cashflow Forecast because the bank has requested one, it’s time to reframe your thinking. Every organisation should undertake an annual Cashflow Forecast to aid their planning and decision-making. We want you to be proactive in managing your cash, not assuming you only need one if the bank asks for it.
If the bank is asking for a forecast, you’re likely asking them for an overdraft extension or loan, which could indicate cash flow issues. We can help you address these underlying issues before it is too late. When you know how much money will be coming in and out of your business and when, you can confidently plan and execute desired growth and improvement strategies to achieve positive organisational change.
Are you a cashflow postive business? Great! You should also be preparing an annual forecast to find further areas to unlock cash.
Our Cashflow Forecast Service
We don’t just prepare your Cashflow Forecast and send it to you. We’ll draft your forecast and then meet with you to review it and discuss:
Seasonal fluctuations.
Material changes to last year’s cash flow.
Any implications of staffing changes.
Significant one-off items, tax payments and timing, and capital expenditure.
This meeting ensures your Cashflow Forecast is as accurate as possible and that you understand how to read your forecast and plan for cash outflows.
By undertaking our Cashflow Forecast services, you’ll:
Understand your cash flow for better decision making
Predict and plan for large cash outflows
Identify key drivers of cash flow in your business
Understand how to monitor actual cashflow against forecast in your reporting software
Identify ways to avoid late payment penalties and interest from suppliers
Have peace of mind that your cash flow needs are known and adequately funded
The sooner you understand your cash flow, the sooner you’ll be able to make informed decisions and implement improvement strategies.
Call us to book a meeting on 03 343 4448.
