Cashflow planning is best practice in any business and critical to survival and growth. Setting cashflow targets and regularly monitoring your actual cashflow against your forecast will enable you to predict large cash outflows and respond to changes in your business.
Inadequate cash flow is a symptom of management problems in a business, NOT the cause. Helping our clients look ahead with confidence and putting in place basic cashflow maximization strategies is core to our purpose as your accountants.
If you require a Cashflow Forecast because your bank manager has requested one, we can create one for you. However, this Cashflow Management service is fundamental as every business owner needs an understanding of cash and liquidity for better decision making. Recognizing the difference between profit and cash, and the impact improving your Cash Conversion Cycle will have on your business is essential to managing and growing any business.
There are two service options. Both include the completion of a Cashflow Forecast and the inputting of your Cashflow Forecast into your accounting or reporting software.
Service one: A Cashflow Forecast. Preparation of a Cashflow Forecast and a one-hour Cashflow Forecast Review meeting to discuss and finalize the Forecast.
Service two: Cashflow Management Coaching. Preparation of a Cashflow Forecast along with a three-hour Cashflow Management Coaching session to:
This initial session is followed by four quarterly accountability coaching sessions, ensuring that you put in place essential cash flow management strategies and achieve your cashflow improvement goals.
Businesses should have a Cashflow Forecast in place before the beginning of the new financial year. Having said that, we can provide this service at any time. The sooner we complete a Cashflow Forecast for you, the sooner we can work together to agree on strategies for improvement.