CASH IS KING
From day one, cash flow management should be at the top of your business priority list.
For income, you can look back at previous years and use that data to create a reliable sales forecast, estimating the amount of cash that should come into your business, which helps you manage your spending and make informed decisions. Cash out, on the other hand, can be even more valuable. Cash flow management gives you a thorough understanding of your debtors, debtor days, and how long your accounts usually take to pay.
All of this should feed into your main cash flow forecast, and show you when money is leaving your business, what it’s for, and what your account balance should look like at that time. With this information, management can make detailed, informed decisions around things like borrowing money, investing, or hiring new staff. Cash flow forecasting and management should form the backbone of your financial decisions. When cash is the lifeblood of your business, then you need to understand how it’s working in order to be successful.
At Deerbridge Finance, we want to make sure all of our clients are confident in their business finances, know what’s coming, and can sleep peacefully at night knowing their business is in a good position.
We understand how cash flow problems – or worse not knowing what’s going on in your business – can weigh on your mind. We provide cash flow management services that not only monitor your cash flow and create reports but delivers proactive monitoring and management of your business cash flow. This approach helps you improve your net cash flow over time, predict and manage any issues that might arise, and means you can sleep better at night.