PKF Carr & Stanton, Hastings, New Zealand
06 Dec 2018
It doesn’t matter if you’re just starting out in business or already have an established business, understanding your cash flow is one of the most important aspects of business management.
Cashflow planning is best practice in any business and critical to survival and growth. Setting cashflow targets and regularly monitoring your actual cash flow against your forecast will enable you to predict large cash outflows and respond to changes in your business.
Inadequate cash flow is a symptom of management problems in a business, NOT the cause. Helping our clients look ahead with confidence and putting in place basic cashflow maximisation strategies is core to our purpose as your accountants.
If you require a cashflow forecast because your bank manager has requested one, we can create one for you. However, working with you on cashflow management is fundamental as every business owner needs an understanding of cash and liquidity for better decision making. Recognising the difference between profit and cash, and the impact improving your cash conversion cycle will have on your business is essential to managing and growing any business.
Benefits of cashflow management:
Would your business benefit from better cash flow management in 2019? We are happy to help and can assist in various ways, from preparing a cash flow forecast for you right through to having regular coaching sessions with you to identify the likely causes of cash flow problems within your business and setting 12 months and 90-day cashflow improvement goals and actions.
Please contact our office if you would like more information.
For more information on how our services can help your business get in touch.