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Authentic Currency LLC’s Post

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Authentic Currency LLC

32 followers

9mo

Maximize your impact while achieving financial success with Authentic Currency, LLC. Ensure your business's stability and growth by incorporating the vital exercise of cash flow forecasting. Tap the link in our bio to partner with us today and secure your business's financial future. #blackbusinessowner #authenticcurrency #usabusiness #blackbusinesswomen #blackbusinesses #businesstips101 #smallbusinessowner

Transcript

Cash flow forecast can seem like a really daunting and complicated exercise, but it doesn't have to be and it's extremely important for any business at any stage in size. So how do you start that process? I recommend sitting down with your finance or accounting support, but having you at the center of this as a business owner because you know your business better than anyone. Look over at least 1/4 so 1213 weeks and say what do I. Expect to come in cash wise from sales of my products, from financing, whether that be dead or loan financing or any other sources. What do I expect to come in week by week over this quarter? And then on the opposite side of that, you're going to do the same thing with cash outflows. So what do I expect to need to pay for over this quarter, again looking week by week. So after you make that determination, you've looked at your cash inflows and outflows. You're going to have a net number and that gives you position to see whether you will be cash profitable or at a cash loss. So it gives you determination as an owner to decide what you need to do to fill in those gaps.

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