How to make a cash flow forecast

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freeagent.com – 

Financial forecasts aren’t just for large multinational corporations, but they bring a lot of value to any business, and are critical for small businesses, where a healthy cash flow is essential as they don’t always have as much cash available to draw on in case of an emergency.

A cash flow forecast can calibrate sales expectations for the current year, anticipate costs and understand the numbers that will go to and from your bank account. This knowledge, is crucial to make important decisions about your business like starting to make a new product, offer, or service, selling abroad, expanding your team, outsourcing tasks, renting a new office, looking for new financial sources, or if you can withdraw money from your business.

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