Managing cash flow is a common issue businesses grapple with at the best of times. Any significant event, natural disaster or a health pandemic can affect a businesses ability to manage cash.
A cash flow forecast is a tool that helps manage cash flow. While monthly forecasts are typical, in uncertain times, businesses may need to monitor their cashflow more frequently, as often as weekly.
In this article, CIMA suggests businesses use a 13-week forecast cycle. Contact us on https://bit.ly/businessclaritycall if you are not sure how to get started. #cashflowmanagement #managementaccounting #smallbusiness