Cashflow forecasting #3 - What are my outgoings?
You need to keep your head up to see the upcoming payments that you need to make if you aren’t going to get yourself into cashflow difficulties.
You need to keep your head up to see the upcoming payments that you need to make if you aren’t going to get yourself into cashflow difficulties.
Who owes you what, and when they will pay, is the next pice of information required to build a reliable cashflow forecast.
As a business owner, do you know your cash position right now? If not, why not? This post explains why its important and what to do about getting this vital piece of information.
Getting payment terms right, for customers AND suppliers, is key to managing cashflow. Another Positive Churn post on the importance of understanding a key driver for business success.
Pivot Tables are an extremely useful analysis tool - they are very flexible, powerful, and can generate valuable insights from large amounts of data if used properly. This post walks you through how to set up a Sales Ledger Receipts forecast using a Pivot Table in LibreOffice.
In the second Positive Churn post, Clive Birnie takes issue with large stock (inventory) holdings being a good idea.
When a business is struggling the instinct is to grow sales, but is that right? In this first post, Clive Birnie argues that you should be brave and Shrink to Survive!
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