Keep Your Finger On The Pulse With Cash Flow Forecast Software

If you are starting up a new business or if your existing business needs to raise

funds for expansion, you could benefit greatly from cash flow forecast software. This type of software is the ideal solution for beating your cash flow crisis and for producing a forecast in minutes, making business planning easy.

This type of software is designed to help you tremendously in forecasting your profits and losses, as well as your cash flow on a per-month basis for twelve months. The sources and amounts of cash coming into and going out of your business over a given period of time will also be identified. Cash flow forecasting allows you to predict peaks and dips in your funding and it helps you to plan your borrowing and indicates how much surplus money you are likely to have at any given time. This is particularly useful if you are considering taking out a loan, as most banks require forecasts before approving a loan.

Cash flow forecast software also makes easy work of tax calculations. With built-in tax calculators you can change the profit to a taxable profit, as well as the tax rate and the paid date for each forecast period. You are also typically supplied with in-depth reports such as an assumption report, fixed asset report, profit report, loan report and sales tax report. Simple to set up and use, this software is most often very reasonably priced and designed to save you many hours of work.

Every successful business owner knows that good cash flow is the key to a healthy business and that it is the life blood of all businesses. Planning your cash flow and forecasting what will happen is paramount to success. Having the tools readily available to optimise those cash flows is important and actually a necessity nowadays. New start-ups, as well as small businesses, are often looking for ways to grow their enterprises and increase profit levels. But before profits can be increased, a company needs to set a clear path as to how it will go about doing so. Cash flow forecast software takes the guesswork out of this process and identifies ways to bring in extra money, increase profits and how to get more money out of existing customers instead of focusing on gaining new customers.

Monthly forecasts of cash flow are key to succeeding in any business. It is very difficult to raise investment levels or to develop a good relationship with a bank without providing an accurate assessment. New businesses in particular are urged to prepare monthly cash flow forecasts for their first year of operation and an annual forecast for the first five years thereafter. Doing this will give you a clear picture of how your business is faring and how it will be doing in the future. Cash flow forecast software will allow you to clearly see those times when you may need some additional funding and will alert you to inconsistencies in performance.

by: Lawrence White

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