Do you do a monthly cash flow analysis? If so, how?
I am trying to figure out how to mantain a healthy cash flow and brainstorm some ideas for how to do it effectively.
What apps or methods do you use?
Depending on the business and it's state , I do a weekly or even daily cashflow forecast for my cleints. We have been able to quickly change strategy, collect outstanding monies faster and more by doing this!
Wow, @Kirsha Campbell ! I'd love to hear some stories and examples, if you're willing to share. I'm sure a lot of people would be able to relate and appreciate collecting outstanding monies faster!
@Kirsha Campbell @Sophie Andrews , I have a feeling you two would have some tips on this one!
@Roland Hanekroot @Rebecca Carroll-Bell , feel free to jump too ;)
@Kira Duff , I use an app called 22Seven, which is absolutely helpful to track finances on a monthly basis. In addition to that, I also use Profit First principles and bounce off ideas with my accoutant.
Curious what other folks are doing on a monthly basis to keep a healthy cash flow!
Eloah Paes Ramalho, Community Manager at SavvySME
Do tell more