If cash is king, make your cash flow planning keen

Project. Forecast. Finger in the wind or a crystal ball approach? Call it what you will. Any accountant or business adviser can tell you why you need to prepare a cash flow projection.

At Collins Hume we understand the practicalities of running a business. We see firsthand not only the frustration but the outcome of neither using nor preparing a comprehensive cash flow forecast.

At its essence, a properly prepared cash flow forecast identifies the sources and amounts of cash coming into your business and the destinations and amounts of cash going out over a given period.

At Collins Hume we combine the theory with practical hands-on project management to ensure that our clients work with their cash flow forecasts on a monthly or quarterly basis. By the time 30 June rolls around, you already know your position and have prepared well in advance for it.

Partner Ian Wunsch said, "A business may have adequate profits but if it doesn't have enough cash to pay its debts then there can be dire consequences."

If preparing a cash flow forecast for your business is hampered by time restraints, disinterest or lack of know-how, call us on 02 6686 3000 to get the process moving.

Until 22 December 2011 we are offering a FREE cash flow forecast for any business that signs up for monthly or quarterly management meetings. Normally valued at $1,650 plus GST, the preparation fee for your initial cash flow forecast is fully waived, will kick start the quality of your business information and feeds into regular management meetings throughout the year.