Cashflow forecasting

Cashflow forecasting is very important because of these reasons, if a business runs out of cash and is not able to obtain new finance, it will become insolvent. Cashflow is the lifeblood of all businesses and most of all start-up business.

Five steps to preparing a simple cashflow forecast:

  1. Prepare the income or sales for the business
  2. Prepare details on any other estimated cash income
  3. Prepare details on all estimated cash outgoings and expenses
  4. Prepare your cashflow forecast by gathered the detail and putting it together.
  5. Review the estimated cash flows vs the actual

 Three-way forecast:

The three-way forecast, or 3-way financial statements is the model whereby we combine the three key reports into a consolidated forecast by linking your Profit & Loss (income statement), your balance sheet and the cashflow projections together. Enabling you to forecast your future cash position.

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