{"id":1881,"date":"2019-08-08T00:26:56","date_gmt":"2019-08-07T14:26:56","guid":{"rendered":"https:\/\/saige.com.au\/?p=1881"},"modified":"2019-11-08T11:52:30","modified_gmt":"2019-11-08T00:52:30","slug":"why-forecasting-cash-flow-is-good-for-business","status":"publish","type":"post","link":"https:\/\/saige.com.au\/business\/accounting\/why-forecasting-cash-flow-is-good-for-business\/","title":{"rendered":"Why Forecasting Cash Flow is Good for Business"},"content":{"rendered":"\t\t
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For any business, cash flow is what often causes a business to succeed or fail. Having enough money on hand each month to pay staff, suppliers and the bank manager is vital to avoid spiralling out of control. No matter what chaos is going on around you, having a sharp focus on cash flow will mean you remain in business for the long-term.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\u201cLooking at profit rather than cash flow is like driving a car and looking the speedometer without ever glancing at the fuel gauge.\u201d\u00a0
– Michael Dell, CEO, DELL Technologies<\/span><\/p><\/blockquote>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Why is managing cash flow so important?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You may have heard before that keeping an eye on cash flow is important but may have forgotten why. So first, a quick refresher on what can happen to business if you turn a blind eye to cashflow:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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