@profithuntercfo Exactly Tom! Being able to understand the 3 statements is vital. All to often people take their P&L as gospel and wonder why there is no money in the bank...
Yesterday we looked at the 7 steps to create a cashflow forecast π°
We will now look at each step in a bit more detail.
Kicking off with selecting your forecast period π
It's often overlooked, but it's a vital step.
The bottom lineπ‘
Forecasting is a journey. Start short and sweet, then gradually expand as your biz becomes more predictable.
If it works, it's like Google maps for your finances - mins the "re-forecasting"