Where will your business be in a year, two years?

Preparing sales budgets, cash flow forecasts and profit projections are important planning tools. Setting performance targets and goals allows you to measure your actual performance against them to identify what’s working and what’s not working in the business. They also serve as a valuable aid when applying for finance.

Cash flow is the life blood of a business and many profitable businesses fail due to poor cash flow management. Most business owners simply don’t understand cash flow and consequently fail to have systems and controls in place to manage it correctly. We can help you to understand and gain control of your cash flow through development of a cash flow budget that involves identifying the sources and timing of your cash inflows and outflows.

We have developed a software tool to help you generate financial projections including cash flows and a detailed profit and loss statement. At the click of the mouse we can work through a number of ‘what if’ scenarios to project your profit and calculate your likely bank balance at the end of each month. This will help identify if and when you might need an injection of funds such as bank finance.

Given trading stock can also be a major investment for a business, there are often cash flow implications of carrying too much stock. By assessing sales, cash flow, seasonal trends and stock turnover we can help you calculate the appropriate level of stock for your business. This can potentially free up working capital to invest elsewhere in the business or simply strengthen your cash position and balance sheet.

A well managed business has a ‘road map’ of where they are headed including an annual budget supported by projected cash flows. If you run your business looking in the rear view mirror and take your eye off the road ahead, you could ‘crash’. In business, “failing to prepare is preparing to fail”. Talk to us today about where your business is at, where you want to be in the future and the best way to get there.

258 Dorset Road, Boronia VIC 3155  |   1300 829 752

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