Cash forecasting, always important, becomes even more highly critical during times of economic disruption. Here are some key points to consider for an effective process: 1. Use a segmented approach to avoid over forecasting cash inflows. Consider customer segment, size, and seasonality – tax time could drive slower payment behavior for all types of clients.… Continue reading Newsletter: Cash Forecasting
Category: Rob Milrod
Part 1 of 3: Building a Stronger Financial Management Process
A strong finance team is critical to the success of any company. Sometimes, however, financial results are late, incorrect, or not issued at all due to problems in finance processes. For a smaller business, with just a few accounting and finance resources, staff turnover can instantly highlight any process weakness. This is the first of… Continue reading Part 1 of 3: Building a Stronger Financial Management Process
Cash Forecasting
Cash forecasting, always important, becomes even more highly critical during times of economic disruption. Here are some key points to consider for an effective process: 1. Use a segmented approach to avoid over forecasting cash inflows. Consider customer segment, size, and seasonality – tax time could drive slower payment behavior for all types of clients.… Continue reading Cash Forecasting