4 Lessons for cash flow success
Planning your cash flow
The biggest concern for businesses is failing to plan how much
cash they will need throughout the year. To plan for future cash
needs, you must forecast future receipts and payments such as:
- Receipts from customers
- Payments from suppliers
- Recurring expenses
- One-off payments and receipts
It’s recommended that you forecast monthly cash needs on a regular basis. Compare the forecasts with actual results and make adjustments if necessary.
In addition to planning, you also need to learn how to effectively manage your cash flow.
In downloading this fast
guide, you’re also consenting to receive emails from MYOB to help your
business, covering a range of topics like tax and compliance, event
information, special offers and product tips. If you don’t want any
more emails, you’ll be able to unsubscribe at any time.
MYOB values your privacy. Please see our Privacy Disclosure Statement for information on how we use, collect and disclose your personal information.