Cash Flow Planning
Developing and maintaining an annual budget can take the guesswork out of the financial management of your business. The process of developing a budget and a cash flow forecast will help you fully understand the financial impacts of all of the activities of your business. Planning for the financial side of the business will improve the likelihood of financial success. Many small businesses fail as a result of cash flow challenges. They may be producing an operating profit, but fail to generate cash on time to meet obligations. Projecting cash flow can help avoid this pitfall.