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Cash Flow Forecasts
When you are busy running a business it can be easy to become immersed in the day to day detail and not have the time to look at the ‘bigger picture’, even though you know you should!
Cash flow forecasts are an important tool to help you see where the business is going, helping you to plan and manage more effectively – and ultimately providing the ‘bigger picture’.
Cash flow forecasts will enable you to really get to grips with the business and see how it will evolve over the coming weeks and months, providing information on sales, types of revenue, gross profit and projected cash receipts.
Cash flow forecasts can vary in detail and complexity dependent upon your needs, ranging from a spreadsheet showing cash in/out to much more complex balanced projections used for security or raising finance.
Royston Parkin can prepare the right kind of forecast for your situation.
Perhaps you require budgets for the first year of trading, to predict the need for cash and ensure you are sufficiently capitalised, or need a cash flow forecast to demonstrate your credit worthiness and help you secure finance.
It is also useful to run ‘what if’ scenarios, to gauge the effect of different sales/profits levels and identify key risks to the business.
Good, accurate cash flow forecasts are all about helping you to see the future more clearly.