So many businesses, even major institutions fail because poor cash flow is one of if not the main root cause of the failure. Cash flow is a huge factor in the success or failing of a business, and being able to see potential problems ahead is invaluable to keeping your finances afloat.
At Black Country Accounts, we understand the importance of effective cash management in any business. Cash flow is often overlooked as the primary focus is on profit, but a business with poor or no cash may suffer or even collapse, even if they have a healthy operating profit.
We can work with you to develop cash flow forecasting tools that look ahead 4, 8, 12 weeks or even a year at a time. Having a forecast of what is ahead and a financial expert to provide professional advice enables businesses to be proactive and deal with any future issue before they arise.