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Preparing a cash flow forecast and budgeting provides you with valuable insight into your business to see where money is coming from and where it is going to.
Whether your bank has requested a cash flow forecast for your business or you want to know if your business will be generating enough cash within the foreseeable future, having a cash flow forecast and a budget is always a vital business tool to have. It allows you to set financial targets and measure the performance of your business where historical statutory financial reporting will not allow you to do so.
As is well known, profits do not pay bills, cash does. It is therefore vital you have an accurate cash flow forecast projection to ensure that your business will always have the cash it requires.
CP Waites will work alongside you to help prepare cash flow projections and budgets that are clearly interpretable.