What is a cashflow statementWhat is a Cashflow Statement?

Now that we’re way into the new year and are starting to come out of the COVID 19 pandemic there’s no better time to review your plans to see you out to the end of 2022 and beyond.

It’s really important that you know what your turnover needs to be, to deliver on your profit targets.  So you get to live the life you want and deserve for all your hard work running your business.

Equally, if not more important is forecasting your cashflow so you know in advance if there are any issues and can put in place measures to combat. 

Once you have planned it all out, you need to monitor the actuals against these forecasts. 

In this week’s video David explains more about your cashflow statement. 

In this video David goes through what a cashflow is and why it’s so important for you and your business.

One of the services we offer at KMA is producing cashflow forecasts, Profit & Loss forecasts, budget and full business models that help you to see what happens to profits if you change the main business drivers like prices.

If this is something you’d like some help with or would like to enquire, then drop us an email at wecare@kmaaccountancy.co.uk or give us a call on 0161 400 0020.  

 

 

It is important that you take professional advice before making any decisions based on the information that you learnt here. While every effort has been made to make sure it is accurate it cannot be precisely tailored to your personal circumstances. This article is for general information only and no action should be taken, or refrained from, as a result of this information.  Professional advice should be taken based on specific circumstances in each individual case.  Whilst we endeavour to ensure that the information contained in the article is correct, no liability  will be accepted by KMA Accountancy which is a trading name of Kim Marlor Associates Ltd or damages of any kind arising from the contents of this communication, or for any action, inaction  or decision taken as a result of using any such information.

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