CASH BUDGETING & MANAGEMENT

Cash Budgeting

Managing cash requires a review of company control procedures involving cash receipts and cash disbursements both company wide and by departments. Cash inflows and outflows are influenced by operational requirements and can be affected on seasonal needs. We can assist you by looking at the historical information presented in the financial statements, by getting input from the appropriate company personnel and industry sources as to any changes based on future expectations.

If you have a new business, you may have only industry information and your best estimate of future performance available to develop the budget. The more accurate the budget the more accurate cash flow can be managed.

Cash Management involves:

• Knowing when, where, and how your cash needs will occur
• Knowing the best sources for meeting additional cash needs
• Being prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors

We can assist you to develop a meaningful cash management analysis for your business.