Why should I forecast my businesses cash flow?
You've probably heard the saying that "a business owner who fails to plan, plans to fail". Forecasting your cash flow is a crucial part of planning for your business. Knowing where you stand with cash flow allows you to make the critical business decisions that can mean the difference between success and failure.
What payment terms should I offer my customers? Can I finance buying equipment to fill a large order? Is this the right time to purchase technology upgrades? These are common questions asked by business owners.
Predicting how you'll fare with cash flow today, next month and next quarter, arms you with the knowledge you need to make sound business decisions. And, you'll reduce those unforeseen cash shortages that can cripple a growing business. Accutrac Capital provides our clients with tools, resources and practical advice on the best ways to forecast, track and manage your cash flow.