How to create a cash flow forecast: learn how to create and manage this valuable tool, to help you track your cash movement
Managing cash is a key priority in any business, but especially so in a tough economic environment. One of the key tools in cash management is a forward-looking cash flow forecast. On hearing this, many business owners tend to switch off, as creating and maintaining a forecast sounds too complex for their small business…
In this webinar, we will show you that cash flow forecasting is straightforward and teach you how to create and use a forecast for your business. We will also cover how to budget for the rising costs of energy, staff and overheads and what businesses can do to ensure they remain viable in the tough economic conditions.
Who should attend this session?
Business owners and finance managers, who are responsible for cash management and would like to improve the financial performance of their businesses.
What will we cover?
- Reasons every business needs a cash flow forecast
- How cash flow forecast differs from a profit and loss forecast
- Steps to build a cash flow forecast using a real-life small business case study
- Running though a ‘what-if’ scenarios to accommodate increase in costs
- Overview of software available to help build a forecast
- How to use your forecast to help you decide on the right actions for your business
Who’ll be presenting this session?
This business-essential session is presented by Alice Davidchack, an experienced Chartered Management Accountant and a Business Coach. She works with business owners throughout the UK, helping them to develop robust financial strategies and create business models that work. Alice coaches on all aspects of business finance planning and accounting, including cash flow management, budgeting and forecasting.
This presentation is delivered in partnership with Business Gateway Growth Hub and Business Engine Room and is part-funded by the European Regional Development Fund. Places are limited and priority will be given to trading SMEs based in Leicester and Leicestershire.
Please note: This event is fully funded and FREE for you to attend. In return, we ask for a few minutes of your time to complete an SME Enrolment form, if your business has not already done so. Only one form per business is required. Without a completed form we cannot guarantee your place on this or future Business Gateway events. Further details will be provided upon booking.
