Why do I need to forecast my cash flow? When managing your business there will be occasions when you need access to funding, to cover any short term cash flow demands.
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'Cashflow' is about maintaining a steady enough flow of income into your business from customers to meet the bills from suppliers.
By forecasting your cash flow you will be able to determine exactly how much finance will be required to take the business through its early stages and to pinpoint when money will be needed, for example, buying equipment and materials before you are generating sufficient sales to pay for these things.
NatWest has put together free software which will help you forecast your cash flow over those vital first few months. Knowing when the money is likely to come in is a vital part of ensuring that you don’t suffer the cash flow blues.
To download this software click here. Versions are available for both Windows and Mac.
For more help on managing your finance, including cash flow, click here to access the NatWest guide to managing finance.
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