Cashflow forecasting is splitting down a budget to monthly ins and outs, to show how cash balances will vary across time.
Cashflow forecasting can be a key tool for managing the money especially if an organisation is short on reserves or there is a delay in receiving income,
Building a robust cashflow forecast is essential for new social enterprises, as a way of anticipating what money is expected to be coming into the business.
A spreadsheet is probably the most useful tool for building a cashflow forecast, if you have limited excel skills, it is recommended that you make an appointment for a one-to-one session, where a community accountant can guide you through the process.
Help with cashflow forecasting
For help with cashflow forecasting, including one-to-one support sessions contact WYCAS (West Yorkshire Community Accounting Service).
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