Cash Flow Forecasting
Estimating your future sales and expenses
Confused about cash flow? It is one of the biggest challenges of running a small business.
At Mobbs & Co, our accountants can help you get clear on your cash flow situation and figure out how to optimise it. You can also talk to us about cash flow forecasting, which will give you an understanding of where and when cash is available to your business and how to be better prepared at tax time.
A better understanding of your cash flow, coupled with a smarter budget makes for an unstoppable small business.
Book a free appointment to get started with Mobbs & Company today.
Why Cash Flow Forecasting is Important
Running out of cash is the second most common reason businesses fail, according to data analytics firm CB Insights.
Forecasting cash flow allows you to anticipate and plan for shortfalls, as well as make the most of surplus cash. There are a number of methods you can use to forecast cash flow, each with its own advantages and disadvantages. The most important thing is to choose a method that works for you and your business.
With Mobbs and Co, we will accurately forecast your cashflow and expenses to help you operate your business efficiently, with less worry about the future.
How Cash Flow is Forecasted
Accurate cash flow forecasting can help business owners make informed decisions about how to allocate their resources and manage their finances. There are a number of different methods that can be used to forecast cash flow, and the most appropriate method will vary depending on the specific business and its financial situation. This can include historical analysis, trend analysis, and statistical methods.
It is important to note that forecasting is not an exact science, and there is always some degree of uncertainty involved. By working with a qualified accountant with years of experience, your forecasts will be more reliable.
Get started with a complimentary introduction appointment to learn more about our cash flow forecasting services.