There are 2 important aspects of a Cash Flow Projection:
1.An estimation of the total income that the business will receive in 1 month;
2.An estimation of all the expenses incurred by the business in 1 month.
For assistance with Cash Flow projections call Sydney 868 373-1166
In order to determine the income that your business generates, you should be keeping a great record of all the money that you receive. It can be as simple as having a receipt book or using an excel sheet to list the amount of money earned. It can be more sophisticated by using accounting software or an application on your phone. As a business owner you must keep track of all the cash earned in order to determine how to make improvements to ensure that the business is sustainable.
You should also have a well maintained record of the money that you are spending to further the business. You may keep a folder to store all receipts and log the respective sums in it. You may find that some expenses are fixed and are incurred monthly. Some examples of expenses are travelling expenses, raw materials.
You will basically subtract your expenses from your income to show whether the business is making a profit or a loss.
About the Author: Antoinette Sydney LLB LEC CAMLFC CFRMP is an author and entrepreneur based in Trinidad and Tobago.
#cashflow #projections #assumptions #cashflowprojections #accountant #attorney #lawyer #sydney #sydneygroup #assumptions #bankaccount #bank #business #registration #incorporator #law #corporatesecretary #corporatelaw #company #limitedliability #progress