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60 day Projectionary Cashflow Calculator from Profits Plus Your profit and loss statement is a reflection of what has happened in your business. It is valuable information, but what would be even more valuable to a business would be a profit and loss statement that was your expectation of what was going to happen in the upcoming months. That is what a projectionary cashflow calculator is. Begin by entering the actual numbers from the past year for the two months you want to project. Then look at each row of information and make your best estimate of what you think is going to happen in those same two months for the coming year. As you enter the projectionary numbers, this calculator will tell you how much cash you should expect to have on hand at the end of each of those two months. The names of the months, and the titles for the rows of expenses can be changed to those for your business. This 60 day projectionary cashflow calculator is a sample from the class that Tom Shay teaches. If you would like to listen to the class Tom teaches on cashflow management, "Black Ink: Cashflow Management Secrets Your Accountant Never Shared" you can click on this link. That page will also have the powerpoint from the presentation and a PDF of the presentation notes. These presentation notes will have a step by step instruction for building a full accrual based or cash based projectionary cashflow chart for your business. While this calculator allows you to do two months of projections, here are the templates utilized in the clas that Tom teaches. |
MAY 2024
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With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.
Small Business
The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.
Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?
Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.
Small Business
We see that many small business owners have too much of a focus on the "top line" of their income statement.
Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.
Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.
And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.
The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."
Lean Startup by Eric Reis is our suggested book for May.
As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.
Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.
