04. Weekly Cash Flow Forecasting
Cash flow forecasting is essential to sound cash management. It can give you new insights into your business, more time to react to crises, and can lead to more efficiencies and reduced costs. Despite all these benefits, many owners still do not forecast cash flows. Today we'll cover why you should forecast your cash flows weekly, how to do it, and give you some tips to get you started. Once you’ve started weekly forecasting and see the benefits for yourself, you wonder why you didn’t start sooner. Be sure to check out the blog post related to this episode where we provide some sample cash flow forecasting tables for you to review alongside the episode. The blog post can be found here:Weekly Cash ForecastingPast blog posts referenced:Financial Statement Fundamentals - covers how accrual accounting can obscure your true cash position.Can you Grow Too Fast - Part 1 - explores how growth can constrain cash flowWhat Working Capital Is and Why You Should Manage It - covers the cost of not taking a discount.Also be sure to check out augelliconsulting.com for more free content and information that you can put to work in your business today, to build the tomorrow of your dreams.Disclaimer: All material presented in this podcast is intended for educational purposes only. It does not constitute, nor is it intended to be tax or legal advice. Please consult your own tax, legal, and or other advisors for guidance related to your unique situation.