Working out how much you will receive from your customers each month can be tricky with so many differing payment terms. With Awesome Forecast, you can create debtors profiles for each part of your business and apply DSO payment terms to each, to give you a...
You feel epic. The month end accounts are done, on time and trends fully explained. Does your process end here or do you update your cashflow forecast for the year and also prepare a 13 week cashflow forecast so you can manage the short term? Awesome Forecast...
Create your Business Cashflow forecast in just three steps with Awesome Forecast. First, select your accounts and forecast assumptions Second, enter your P&L and Opening Balance Sheet Third, enter your non-P&L expenditure items such as Fixed Assets and loans And then Awesome Forecast will create your cashflow forecast, it’s...
With Awesome Forecast you can prepare integrated cashflow forecasts which link the P&L, Balance Sheet and Cashflow statements together so they alsways balance. You can also tag your forecast or budget onto your year to date actuals so you can see a full year estimate for...
Being able to tag your company budget or forecast onto your year-to-date actuals from your management accounts is one of the most useful functions of Awesome Forecast. It gives you an up-to-date view on how the rest of your year is likely to pan out...
What’s the best way to forecast customer receipts? The most important number in your business cash flow forecast is likely to be your incoming customer receipts line because of its size and sensitivity. Forecasting these receipts can be a little tricky because of different payment terms...
A surprising number outside the Finance team don’t give a second thought to the businesses cashflow. They just assume it is being managed and there is always enough cash available. That assumption falls on you as the Financial Controller to manage and prepare cashflow forecasts...
The chancellor has announced a further measure to help businesses through the pandemic by increasing the number of years you can carry back tax losses. Currently, trading losses in the current year can be carried back one year but this has temporarily been extended to three...
You have got to the end of the budget business planning process. The P&L has been drafted, all the department managers have their budgets, the sales team have their targets and you deserve a huge pat on the back for getting through the process for...
So George Michael may have been singing about something else but equally he could have been talking about cashflow statements. A surprising number of businesses cannot tell you what their bank balance is likely to be for the next month or two but will readily...