{"id":101268,"date":"2017-06-29T11:40:53","date_gmt":"2017-06-29T10:40:53","guid":{"rendered":"http:\/\/startups.co.uk\/?p=101268"},"modified":"2023-01-20T16:47:49","modified_gmt":"2023-01-20T16:47:49","slug":"how-to-create-a-cashflow-forecast","status":"publish","type":"post","link":"https:\/\/startups.co.uk\/accounting\/how-to-create-a-cashflow-forecast\/","title":{"rendered":"How to create a cash flow forecast (and why your business needs one)"},"content":{"rendered":"

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Startups.co.uk is reader supported – we may earn a commission from our recommendations, at no extra cost to you and without impacting our editorial impartiality.<\/p>\n <\/div>\n <\/div>\n[vc_column_text title_type=”h1″]A cash flow forecast is an estimation of the money you expect your business to bring in and pay out over a period of time. Quality accounting software<\/a><\/strong> can help you to create a cash flow forecast with relative ease, but it’s well worth understanding what a cash flow forecast actually encompasses.\n

It should reflect all of your likely revenue sources (like sales or other payments from customers) and compare these against your likely business expenses (like supplier payments, premises rental and tax payments).<\/p>\n

Despite the fact that your actual annual incomings and outgoings will likely deviate from the plan throughout the year (that’s where the ‘forecast’ part comes into play) – your plan is still important. It will never stay completely accurate but it gives you an important general overview of what to expect.[\/vc_column_text]<\/p>

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\n\n \n Guest Tips: Accounting Expert, Benedict Gatherer <\/span>\n \n

Throughout this guide, we have top tips from accounting expert Benedict Gatherer. Benedict is a Chartered Accountant who has helped countless small businesses through his accounting practice The Copper Coins. He's also written a book on accounting, and produces useful accounting videos at his YouTube channel Accounting Tea Break.<\/p>\n \n <\/div>\n\n \n<\/div>\n

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