Smart asset management in New York, NY, is vital to business success. Knowing how much cash you can expect to flow into and out of your business is necessary when developing and adjusting both short- and long-term budgets.
This video offers a brief overview of cash flow forecasting. You’ll learn more about why it’s necessary to track your cash flow and how this flow affects your working capital at any given time. Cash flow forecasting can help you visualize how your future decisions, sales, and expenses will affect the amount of cash available to your business. To create a cash flow forecast, you’ll need to determine quantities such as your sales targets, required resources, and expenses. The resulting forecast can help you determine whether you can cover all your predicted outflow, or whether additional business financing will be needed.