Cash-Flow Forecasting

What is cash-flow forecasting?

Cash-flow forecasting is an estimate of the amount of money you expect to flow in and out of your business.

It includes your projected income and expenses. A cash flow forecast can cover 12 months. It can also be adjusted to cover next week or next month.

Lumos Business Solutions work collaboratively with clients to tailor cash-flow forecasting to suit your business needs.

Predicting your cash-flow – why it’s important

Cash-flow forecasting is important because if a business runs out of cash and is not able to obtain new finance, it will become insolvent.  Cash flow is the life-blood of all businesses — particularly start-ups and small enterprises.

A cash-flow forecast works like a budget. Except it deals with the flow of cash through the business, both in and outs.

Regularly checking a cash-flow forecast gives you the ability to know today what tomorrow, next week, next month or in six months’ time, your bank account will look like.

Knowing you’ll have enough funds in your account to pay wages, suppliers and yourself creates stability and reduces stress.

The Lumos Business Solutions team are highly experienced in creating and managing cash-flow. We know the difference having accurate information can make to the performance of a business.

Contact us today to organise a no-obligation quote.

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