Cashflow Management

Cashflow Management

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.

Who should undertake this service?
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. Recognising 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.

What is involved?

Preparation of a Cashflow Forecast and a one hour Cashflow Forecast Review meeting to discuss and finalise the Forecast. We will also input your Cashflow Forecast into your accounting or reporting software.

When should I have a session?

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 strategies for improvement.

Inadequate cashflow is a symptom of management problems in a business, NOT the cause. We must fix the underlying issues.

  • Assists with bank lending requirements
  • Identifies ways to avoid late payment penalties and interest from suppliers
  • Improves communication and relationships with your financiers and suppliers
  • Gives you an understanding of cash and liquidity for better decision making
  • Helps you understand the key cashflow drivers and the Cash Conversion Cycle in your business
  • Enables you to predict and plan for large cash outflows
  • Teaches you how to monitor your actual cashflow against forecast in your accounting or reporting software
  • Provides peace of mind that your cashflow needs are known and properly funded
  • Improves business processes that maximise cashflow, profit and business value
  • Drives your business to achieve your goals in a controlled and managed way

Benefits of Cashflow Management Coaching:

  • Monitor actual cashflow against forecast in your accounting or reporting software
  • Allows you to predict and plan for large cash outflows
  • Understand key cashflow drivers and your business’s Cash Conversion Cycle
  • Identify ways to avoid late payment penalties and interest
  • Improve your relationships with financiers and suppliers
  • Gain an understanding of cash and liquidity for better decision making
  • Peace of mind that your cashflow needs are known and properly funded
  • Improve business processes to boost cashflow, profit and business value
  • Drive your business to achieving your goals in a managed way

Profitable businesses can experience extreme cashflow problems, just as unprofitable businesses can survive if they’re 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.

Contact us today – the sooner we complete a Cashflow Forecast for you, the sooner we can work together to agree strategies for improvement.

Get In Touch

Find out what we can do for you

Get in Touch

Find out what we can do for you