Enable Bookkeeping provide Xero Cloud Accounting Services as your bookkeeper in Wellingborough, Northampton, Kettering and Rushden.
Cash flow forecasting is essential because if a business runs out of cash and is not able to obtain new finance, then you will become insolvent. Cash flow is the life-blood of all businesses—particularly business start-ups and small enterprises.
As a result, it is essential that you forecast what is going to happen to cash flow to make sure the business has sufficient funds to survive. How often you should forecast cash flow is dependent on the financial security of your business. If the business is struggling, or is keeping a watchful eye on its finances, you should be forecasting and revising your cash flow on a daily basis. However, if the finances of the business are more stable and 'safe', then forecasting and revising cash flow weekly or monthly is enough
Enable Bookkeeping can provide you with insights and reports to help you with cash flow forecasting and budgeting. So get in touch today to see how we can help.