Cash flow management

Being able to accurately forecast your cash flow is an essential business skill. Here, we cover the basics of cash flow forecasting and some top tips to help keep your business going strong.

A cash flow forecast is one of the most important indicators of whether your business will survive in the next 12 months, so mastering the art of creating one is critical. Here are five important tips to remember when preparing your cash flow forecast.

Calculate your cash flow forecast with our simple template. This will help you understand how much cash you have coming in and going out of the business each month and can be a good indicator of the need for an overdraft or other lending.

Good business management means keeping an eye on your costs, because a blow-out can seriously erode your profits. This guide has tips on what to look for, and how to manage your operating expenses to help keep your bottom line healthy.

Working capital is the cash you have each month to cover any expenses. While it’s easy enough to explain, applying it to your business isn’t so simple, because it’s always changing. Learn how you can manage and improve your working capital.

Your break-even point indicates the minimum level of sales or income that you need to meet overhead expenses and achieve your profit margin.