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Leanne M. Goddard, Chartered Professional Accountant

Accounting Firm, Accountant and Tax Preparation Services

Cash Flow Projection Services from Leanne M. Goddard, Chartered Professional Accountant

Cash flow projection, also known as cash flow forecasting, is a service that I also offer. It is the process of estimating how much money is going into and out of your business. Having an educated estimate of your business’ performance for the next 6–12 months can help you make the right entrepreneurial decisions. And in the process, it can put you in a position to prosper.

For more information on how Leanne M. Goddard, Chartered Professional Accountant’s cash flow projection services can benefit your business, contact me now at (778) 520-0022.

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Located in Cranbrook serving Cranbrook

Leanne M. Goddard, Chartered Professional Accountant’s Cash Flow Statement Analysis

I can help you find out what your current business cash flow is and where it is expected to be in the future. The first step is to calculate the cash inflow after deductions. Then I will be able to provide you with a cash flow statement analysis. This will allow you to plan for future business decisions such as hiring another employee or increasing supplies.

Cash Flow Manager

I can help your business prepare a cash flow statement or analyze the one that you already have. After I’ve have looked over everything, I will offer you further advice on how to manage and even increase your cash flow.

What Are Cash Inflows?

Cash inflows are different depending on your business, location, and size. Here are some common examples of cash inflows:

  • Revenue/sales
  • Government grants
  • Royalties
  • Tax refunds
  • Debt issuance

What Are Cash Outflows?

Cash outflows also vary per business. Here are some common examples of cash outflows:

  • Business expenditures
  • Rent payments
  • Owner remuneration
  • New assets acquisitions
  • Debt or lease payments

Get Started with Cash Flow Forecast Services

Here are a few tips that can help you prepare for cash flow projection:

Utilize realistic assumptions

A big part of forecasting is utilizing realistic assumptions. These assumptions help forecast what your cash inflows and outflows will look like and consist of. If you have history to base some assumptions off, that could lead to more accurate forecasting. Sometimes, there is no history, so the assumptions should be conservative and as realistic as possible to ensure the forecast is useful and will somewhat reflect real-life.

Utilize an easy to change or update system

The simplest and commonly used tool in my cash forecasting is the use of a spreadsheet. There are other forecasting tools out there that you can use for a fee however, I can prepare and provide a spreadsheet template that you can then utilize going forward with a small amount of training.

Hire a Good Accountant

Hiring a Chartered Professional Accountant to establish your cash flow monitoring is one of the best ways to ensure accurate cash flow projection. A good accountant is professional, knowledgeable, and capable of providing up-to-date account forecasting tools. At Leanne M. Goddard, Chartered Professional Accountant, I monitor my clients’ profitability and cash flows so that I can provide sound advice and guidance. I want to ensure that your debts can be paid and provide comments about your operations. This will allow you to make important changes so that you stay solvent and can thrive in your industry.

Get in Touch Today

I can provide business insights and cash flow projection tools and services that can better prepare you for the future of your business or evaluation of an existing business. Call (778) 520-0022.

Get in Touch

Contact us now to schedule an appointment!

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