Do you feel there are two stories when it comes to your finances? One is the numbers told to you by your accountants, and the other is the cashflow you see day to day? Does it seem the figures don’t come from the same source? Forecast and cashflow reports will bridge that gap.

When running a business, it is really important to be able to plan accurately. Only by defining realistic, measurable goals can you track your progress toward them.

Cashflow and Forecasting is a report that shows you the upcoming cash requirements of a business, helping the business manage future liquidity and reduce any upcoming cashflow issues.

Benefits of Cashflow forecasts:

• Avoid shortfalls and negative cash flows by identifying when these periods may be months in advance.

• They can be compared to the actual transactions in the future, to test and improve the accuracy of future reports and how the information is collected in the first place.

• Help reduce the costs of short-term financing.

• Gain a better understanding of when profits/bonuses could be distributed.

We can help you work out your plan, and gauge how realistic it is, based on various factors:

• Is your income seasonal?

• Have you considered all the costs that are involved in your business?

• Are your timings of cash collections reasonable?

• Have you thought about all your liabilities, such as staff costs, HMRC costs, purchase of fixed assets or repayment of loans?

Once we have created a plan and it’s been put into place, we can help you monitor it to establish the reasons for any differences and update if required. It is a working tool that may need adapting as the business grows.