Cash flow is the money going in and out of your back account, what has happened to it in the past and a prediction of what is going to happen to it in the future. Knowing, monitoring and having control over our cash flow can give so many benefits to our business. And it isn’t as hard as you think it is to start adapting this in your business today. Louise Delaney, Director of CashFlowsForYou is going to share with us what great cash flow can do for our business. It’s a super easy way to plan ahead for your business and avoid surprises when it comes to financial matters. It’s a very interesting topic that you, as a business owner, should definitely look into.
- It brings you financial intelligence
Cash flows are a decision making tool that takes an element of risk away from that decision making. If you are informed about the money that goes in and out of your business, where it goes and how it’s spent then it can help you make intelligent decisions on where and when to spend your money.
- Allows you to plan spending for your business
Reports from cash flows give you the ability to see projections. These projections can then give you the ability to plan for any financial transactions in your business over the week, month, or even year. It gives them more control with their budget knowing that you’ve spent this much by the end of the week or month. The weekly option gives you more control and you can easily see if you’re overspending in some areas or if there are duplicates.
- Gives you an overview of what is happening and what is yet to come.
Reports and suggestions from the reports will show business owners patterns of cash into their business. It will enable them to see the ups, highs, and lows. It’s a very educational and informative tool that they can add to the planning and analysis especially on the financial side.