Managing your financial health with cashflow forecasting
Coping with weakened sales revenue and rising costs is a recipe for cashflow issues. With less income flowing into the business and higher expenses flowing out, the likelihood is that many Kiwi businesses are facing a potential cashflow crisis.
The key to avoiding these cash problems is to be in complete control of your future cash position – and that means going deep with your cashflow forecasting.
Cashflow forecasts can be used to:
1. Avoid financial trouble
2. Plan for future cash shortcomings
3. Meet your tax obligations
4. Plan asset purchases
5. Plan for growth or expansion
6. Make an informed decision on whether borrowing is right for you
7. Benchmark your performance
8. Test different strategic scenarios
9. Figure out the best time to invoice
10. Build your case for investment
11. Forecast the cost of taking on more employees.
PKF: Helping you stay in control of your cashflow
Book some time with our team to talk through any cashflow questions or concerns you may have with.. We’ll help you get forensic with your forecasting and look for opportunities to boost revenue and cut costs. We’ve got your back.