Cash flow planning and forecasting is key to lowering financial stress. Here are some of the benefits of forward planning:
- Provides detailed projection on where the money is coming from, useful if you have more than one source of income
- Provides details of where the money goes
- Provides a simple way to compare your real cash flow with your forecast
- Removes the element of uncertainty and guesswork. Using the cash flow, you can see the effect of a decision on expenditure before you commit
- Demonstrates the peaks and troughs of your cash flow during a financial year
- Highlights potential funding gaps/problem areas in expenditure and can help prioritize and plan the timing of larger purchases
- Know where you really are against turnover and profit targets
- Allows quicker decision making in turbulent times
Our most profitable clients all plan ahead. Talk to us if you would like projections to help grow your business.
