The importance of cash flow forecasting

When you are in charge of a business, you should always be extremely cautious about your cash flow. Mainly if you are have a small business, you need to plan your expenses carefully and always think about future and the direction your business is heading to. For this reason, cash flow forecasting is vital, because it allows you to plan everything in an efficient way. If you’re not familiar with this concept, there’s no need to worry. There are plenty of useful cash flow forecasting tools available online that can help you get started.

A cash flow forecasting tool is available for free download at bdl.org.uk. This is basically an Excel file where you can enter your business’ data in pre-set cells and get an idea of what your business will produce in a specific period. The website also provides a helpline number which you can call if you’re having difficulties using this tool.

There are also more complicated cash forecasting tools, for which one has to pay. One such tool is Sage 50 Forecasting, which is also based on pre-installed formulae, but it also has a variety of other features. With the help of this tool, you can create accurate cash forecasts for your business, track your progress, choose from a variety of reports and graphs, make automatic calculations and get support for all your questions. When buying this software, you get 45 days of free assistance, which is very useful for setting everything up. You can have a look at this tool and buy it at sage.co.uk.

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