We can help you with your cashflow forecast!
Setting up the cashflow can be daunting. We understand it is confusing and you are unsure. We have seen this many times when we have done this for clients, you need guidance and help. We are here to help you.
How do we start?
We will start this by having a call with you to decide if we can actually help you and to understand the problems that you are having. If we can help you great, we can have a meeting to talk through in depth what you want to do, and we can get a plan in place.
What do you need to do?
We ask that you make a commitment to using online software such as Quickbooks or Xero. They mean that we can get access to your accounts much easier and keep them up to date. To get the best results from any forecasting we need to have good quality information. Garbage in = Garbage out. If we don’t have that we are just forecasting with accounts that are out of date and don’t have all of your numbers in there.
What we do?
We will help you set up your cashflow and connect it to your accounts. Each time the accounts get updated the cashflow will also get updated. We can help you decide what you need to look out for on the cashflow, if there are things will cause alarm bells to ring. For instance, if your cashflow falls below an amount, we can alert you and we can have a discussion to decide if we need to take action.
Once we have the basic cashflow we can set up the KPI’s that are the areas of your business that are helping you earn profits. These can be as simple as cash balance at the bank, sales or the amounts that are owed to you. Setting these will help you have ‘at a glimpse’ information of how well your business is doing.
We can do different versions of the cashflow forecast
We can help you by doing a few different versions of the cashflow forecast for you. This maybe if all goes well and you meet the plan exactly, one maybe if you do worse than your plan and one if you do better. Why do we do this?
Well if it all goes well you can go out and celebrate your success.
If it does not go so well, you need to be prepared to act quickly and put things right. You need to have a plan to act now rather than reacting later when bills are starting to go unpaid and you and your business start to feel the pain.
Planning is everything
You can’t create a future for yourself if you don’t know what it looks like. To grow your company, you will need to visualise each part of the journey to get where you want to be. It will not happen by chance. It has to be a structured journey; you have to be able to visualise it. You have to be able to describe every part of the journey.
Destination Success!
Your cashflow is the guide for your business. it gives you the steps that you need to take to grow and make your business successful. We plug in the where you want to be, and we can see the steps that you need to take to achieve it.
We can be your guide
We can help you set your cashflow up and be there on hand to offer our advice when you need it. We can have regular meetings with you to discuss any actions you need to take and to help you manage your cashflow better.
What to do next!
Contact us to arrange a time to speak if you need help with cashflow forecasting.