cash flow forecasting
The purpose of a financial forecast is to evaluate the current and future fiscal conditions in order to provide a financial map to guide the business or to help make programmatic decisions.
A financial forecast is a fiscal management tool that presents estimated information based on past, current, and projected financial conditions. An effective forecast allows for improved decision-making and maintaining fiscal discipline.
Managing your cash resources and making sure you have enough to meet your needs – paying wages, buying supplies and meeting your personal financial requirements – is critical to the health of your business.
"Having worked with Kym for over 5 years he is a trusted advisor and financial director for several mutual clients. He is what I call the three P’s; professional, proactive and performs for his clients. He addresses challenging situations with the clients best interest at heart and ensures he is always getting the best deal! I would strongly recommend K2 and Kym specifically to any business that wishes to outsource their accountancy and financial management work."
Calverton Finance Ltd
Up-to-date records of your trading transactions will enable you to produce regular cash flow forecasts, which will in turn prepare you for any potential problems ahead. Cash flow forecasts can highlight when your business might run low on cash and can be the basis for an action plan to remedy the situation before it occurs.
An intimate understanding of how your business ticks is crucial.
Here at K2 Management Solutions, we can prepare budgets, cash flow and business models to measure and project your businesses results. In tandem with the budgeting, K2 can help prepare sensitivity analysis models and break-even analysis to consider ‘what if’ scenarios. This reporting can be set up on dashboards for you to review, control and measure your business real time.