Effective cash flow forecasting is essential to managing the financial performance of any organisation. Without it, a business is at risk of insolvency. Whether you work in accounting, run your own business, or hold a management position within an organisation, it’s important to have an understanding of how cash flow forecasting works.
Qualified accountant Patricia Barlow recently held a webinar, covering the following points:
- Why cash flow is the lifeblood of a business
- How to create a cash flow forecast, using Excel or other spreadsheet software
- How to manage a cash flow effectively, keeping it up to date, and planning for eventualities
- How to identify problems such as limited cash flow, and devise solutions such as managing resources better and negotiating with suppliers