Cashflow planning is best practice in any business and critical to survival and growth.
Setting targets and monitoring your actual cashflow against your forecast will enable you to predict large cash outflows and respond to changes in your business.
Whether your bank has requested a Cashflow Forecast or not, every business owner needs an understanding of cash and liquidity for better decision making. All businesses should have a Cashflow Forecast in place at the beginning of the new financial year. Having said that, we can prepare one at any time!
Helping our clients look ahead with confidence is core to our purpose as your business advisors and accountants. We want to work with you beyond preparing a Cashflow Forecast. Our Cashflow Management Coaching service has been designed to treat the underlying causes of poor cashflow – starting with your Cash Conversion Cycle.
Together we will conduct a thorough review of the potential causes of your cashflow challenges. We will set annual goals and devise a 90-day action plan for improvement and hold you accountable to implementing simple strategies to maximise cashflow.
Benefits of Cashflow Management Coaching:
Profitable businesses can experience extreme cashflow problems, just as unprofitable businesses can survive if they are well-funded.
Understanding the difference between profit and cash and your business’s Cash Conversion Cycle is essential for your business to be viable in the long-term.