Proper planning and working on the latest business strategies are two vital steps for overall growth and success of any business – no matter whether it is startup, Government Initiative or a big organization. It is critical to prepare if your business have proper funding for future circumstances and foresee if your business will be financially feasible.
Preparing a well-planned and easy to understand cash flow forecast or Cash flow projection is one of the main steps to start working on financial planning with proper implementation. It is the basic need for projecting cash flow or the movement of cash, in and out through various sources and resources, and things in the said time-frame.
In business, “Cash is King”. All businesses run fluidly with a steady cashflow and this applies particularly for startups and small enterprises. Hence, the need for forecasting the cash flow to make sure that the business has enough to strive.
Cash flow forecast is important to:
- Identify potential shortfalls that might happen. Think of it as an “advance warning prompt”, to prepare you and your business ahead of time.
- Ascertain that your business has the cash to pay the suppliers and employees. It is important that both are satisfied or else the services they provide will stop.
- Manage customer payments and see if there are problems with it. This will be helpful for the business to take note of the customer’s behavior with payments and debts. Though, this is not a problem for retailers which handles the sales at point of sale.
- Prepare in times when external stakeholders such as banks or investors require a regular forecast. Just in case, your business partners and the banks you applied for loans require to see how your business is doing.
- Serve as a discipline for budgeting and financial planning.
Now that you know how important it is to prepare a Cash Flow Plan, how are you going to do about it? Starting from scratch? I don’t think you’d want that right? Here’s a better idea! Rather than spending so much of time on preparing them on your own, it is better to download cash flow projection template. Downloading the best cash flow projection template is beneficial in a number of ways.
Here are the reasons why you should get a Cash flow template instead:
- It comes with easy to edit and updating options that you can change as per your requirement. No more hassle creating an excel file and tables or charts. You can save time just inputting the figures needed to be changed.
- The templates come with direct cash flow method and indirect cash flow method. This will give you an insight on both method for better projection of the cash flow.
- You can save your time and prepare your financial planning properly with an easy way for implementation. This is the best thing out of all the reasons, saving “time”.
- It’s reusable and can be used in similar kind of business in different industries. A little tweak here and there shouldn’t be a problem.
- It’s affordable. You can’t be stingy when it comes to proper financial management, but it’s a good thing that Cash flow templates aren’t expensive at all. It will save you time and money instead of paying professionals to do it for you from scratch. Even the professionals get the templates for themselves to use so, why not do the same thing?
Now, what is more important than anything else is to find the right company to provide you this easy option for downloading. If you’re looking for one, eFinancialModels is the right site for you.
eFinancialModels is a reliable source to download Cash Flow Projection Templates which provides a wide range of industry specific financial model templates in Excel. One of its offering are the latest cash flow projection templates and startup financial model templates in Excel that are easy to download and come with a gamut of added features and benefits. You only have to follow a few simple steps and get it to your screen, then voila! A ready-made financial model template just for you.