December 13, 2017

For many business owners, there comes a point you cannot make all of the decisions for expenses by just looking at your online bank account.

You may have uncleared checks from the prior month, or you have recurring debits, etc. The purpose of having a Cash flow Forecast is to plan out your cash commitments for the next quarter, accounts receivables, insurance, workers compensation, tax installments. This way if you are planning to purchase new equipment i.e, new vehicle you can see how this payment will affect your business operations prior to pulling the trigger on a bad decision.