In business, cash is king. Your business might be doing well and, in the next six to twelve months, you might be expecting to bring in increased revenue and profit. However, if there isn’t enough cash flow to cover company expenses, those potential earnings may not be felt.
One of the most important aspects of financial business management is the practice of cash flow forecasting. Whilst it may sound like another headache of calculations, the exercise is in fact a simple process that can prove extremely important in the long-run.