Getting a good grasp on cash flow is not easy for many small business owners. This cashflow playbook will give you some tips to help you stay informed of your cash position and shave the confidence in your cash cushion, to weather ups and downs in the economic uncertainty.
What is cash flow
“Cash flow” is a term that refers to how cash moves in and out of your business and your bank account. Cash inflows are your sources of income, and cash outflows are your business expenses. Naturally, positive cash flow is better than negative cash flow.
Cash flow forecasting is part of advanced business advisory. Your accountant may be able to provide options tailored to your small business, leveraging more expansive solutions. If you don’t have an accountant already, you can also visit our Find a ProAdvisor site.