Cashflow Management Session
Poor cashflow is the number one reason businesses fail.
Cashflow planning is best practice in any business and is critical to growth and survival.
Setting targets and monitoring your actual cash flow 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.
Cashflow Management Coaching
Helping our clients look ahead with confidence is core to our purpose as your 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 cash flow – starting with your Cash Conversion Cycle.
Together we’ll conduct a thorough review of the potential causes of your cash flow challenges. We will set annual goals and devise a 90-day action plan for improvement and hold you accountable for implementing simple strategies to maximise cash flow.
Cashflow forecasting allows business owners to know the financial outcome of a business decision before it is made, allowing confidence in decision making.
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 cash flow needs are known and properly funded
- Improve business processes to boost cash flow, profit and business value
- Drive your business to achieve your goals in a managed way
- 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.
Want cash flow confidence?