Cashflow Forecast Template

One of the oldest adages in business is the phrase “Cash is King”.

 

Even the most robust of businesses can face cash shortages from time to time and that is why preparing regular accurate cashflow forecasts is vital for every business, large and small.

 

These forecasts allow a business to see any potential speed bumps down the track in terms of cashflow with the result that they can effectively plan to avoid any issues through additional bank funding, improved debt collection etc.

 

The COVID-19 pandemic means that regular cashflow forecasting becomes even more important as businesses look to effectively navigate their way through these difficult times.

 

It should also be noted that any applications for grant funding/additional Government supports or bank funding applications need to be accompanied by detailed cashflow analysis.

 

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You can also have a look at our top 5 tips for preparing a cashflow forecast here

If, however, you are having difficulty getting started or you need any help completing your cashflow analysis TaxAssist Accountants are here to help guide you through the process.

 

We can prepare cashflow reports for bank and grant applications or just for clients to use for their own internal reporting. Contact us for more information.