It doesn’t take years of experience running a cashflow forecast to understand that it really is just a process of tracking cash in vs. expenses out. There are many tools available to track your cashflow, or you can opt for a simple spreadsheet and manage it yourself.
If you’re going to put time into managing your cashflow forecast, then we believe that one of the most important things you can do is consider upfront how you are going to use the information that you gather. This will help you to understand the value of the time you invest in creating your forecast, and in keeping it up to date. You’ll also recognise the benefit of making sure it’s realistic and simple. Let’s take a look at the ways that you can use your cashflow forecast to maximise its value to your business.