Keeping track of your expenses is integral to the success of every business. Based on your current revenue and expenditure, Newmarket Accounts can prepare business plan cash flow projections that will help you identify when your money needs to be transacted. You’ll not only have peace of mind in the day-to-day operations of your business, but also a clear picture of how these projections will influence your business’ growth.
What is Cash Flow Projection?
A business plan cash flow projection analysis is a financial forecast that estimates and charts anticipated future cash inflows from sales and investments, as well as cash outflows for expenses and debt repayments, over specific timeframes. These timeframes can range from a 12 month cash flow projection to a 3 year cash flow projection and beyond. By implementing a cash flow projection format, businesses can gain insights into their likely future cash position, enabling them to anticipate potential cash shortfalls and make informed financial decisions.
Cash flow projections will contribute vital information to decisions that are key to your company’s success and public profile, including:
- Investing in new initiatives such as training, mentoring and leadership programs.
- Increasing your marketing budget to generate capital for your business through local, regional or state-wide advertising campaigns or sponsorship opportunities.
- Purchasing assets such as new or updated equipment, technology and inventory.
- Hiring additional staff, creating promotion opportunities and adjusting salaries and payroll accordingly.
Many business owners understand that cash flow can either make or break the business. It can be difficult to manage when it feels like all you ever do is pay bills. Newmarket Accounts is committed to helping you establish consistent and viable cash flow projections so that you can spend with clarity and confidence while still enjoying a healthy profit margin. Let us show you how.
Find Out How We Can Help
Newmarket Accounts can devise an effective cash flow projection for a startup business to improve its long-term financial situation. Call us today on 0449 800 167 or contact us online for more information on our services.