Part 2 of 2

I’m glad you’ve returned to the Smart Business Cash Flow blog in order to read the second part of my post on small business cash flow projection and cash management strategies for the new year which deals specifically with making a detailed review of your expenses.  If you missed . . . → Read More: Small Business Cash Flow Projection and Cash Management Strategies for the New Year (Part 2)

Part 1 of 2

As your small business begins a new year it is vitally important that you both review the profitability of your business over the past year and identify the improvements that you plan to implement as a part of your overall cash management strategy in order to increase profitability over . . . → Read More: Small Business Cash Flow Projection and Cash Management Strategies for the New Year

How much can a small business pay the owner on a monthly basis? Regardless of whether you are the owner or the bookkeeper, if you are in charge of payroll for a small business, you will eventually have to address this important question. Business owners want to receive a monthly salary or draw . . . → Read More: What Does the Cash Flow Projection Say About How Much I Can Pay Myself?

How do cash flow projections affect seasonal businesses? For the purposes of this discussion, we’ll consider a seasonal business to be either a business that is subject to definite peaks and declines in revenue based on the time of year, or a business that only operates during a specific, predictable season.

For example, . . . → Read More: Cash Flow Projections for Seasonal Businesses

Each month it’s important to update your Cash Flow Projection with actual figures from the previous month and to review your projected numbers in light of all of the information that you have collected to date. In this post, we’ll look at a step-by-step guide to accurately capturing all of the monthly updates . . . → Read More: Monthly Updates to Your Cash Flow Projection

If you are following the process of creating your cash flow projection as it has been detailed here on the Smart Business Cash Flow Blog, then you have set up the Cash Flow Projection Template and entered data from your most recently completed month which includes all actual revenue and expenses. You have . . . → Read More: Taking a Look at the Bottom Line of Your Cash Flow Projection

In this post, we are going to focus on the expense portion of the Cash Flow Projection. If you’ve been participating in this discussion of Cash Flow Projection since our first post then you should have your Cash Flow Projection Template set up and have your first month of actual figures for both . . . → Read More: Taking a Look at Expense Projections

So how far did you get in setting up your cash flow projection? As I mentioned in my previous blog post, this does take some time to set up, but this is time well spent. Once you have your Cash Flow Template in place, be sure to be faithful to the continual process . . . → Read More: Taking a Look at Revenue Projections

First, take your previous month’s check register and break down the various deposits and expenses into categories that you want to track. This will be different for every business. You may want to track various income streams that you have (e.g. commercial landscaping income vs. residential landscaping income) so you can see . . . → Read More: Starting a New Cash Flow Projection

As I explained in my second blog post, a cash flow projection is a tool to track the actual cash that goes in and out of your business. You review your Profit and Loss Statement each month which may show a decent profit. This may not mean you have a healthy cash . . . → Read More: Why Is A Cash Flow Projection So Important?