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As a business owner, you’ll need to know how much cash you have at hand, at any given moment, as well as how important factors influence your ability to spend, meet payroll requirements and pay your bills. As any good budget planner will know, a lack of planning can cause major issues, with cash flow being restricted and your available funds being limited when you need them the most.

Central to this task is the creation of a small business cash flow budget, as it’s something that can help you to avoid any unexpected financial pitfalls. Using freely available budget template downloads found online, you can put yours together and reveal any approaching cash flow problems that might impact your business negatively. 

Cash Flow Budgets Explained

As business financial planning tafe courses teach, a cash flow budget (often referred to as cash flow projection) provides a birds-eye view of your income and expenditure over a particular time period. Offering a forecast of the cash you’ll receive and spend, you’ll gain a wealth of insight into what’s coming in and going out over your entire business. 

Your cash flow budget report will record your income and use all available data to predict what your cash flow will be like over a set period (typically created on a weekly, monthly or even quarterly basis). And as taking an OCA budgeting course online will show you, this brings with it a number of benefits.

The Advantages of a Cash Flow Budget

Ok, so we’ve covered what a budget planner cash flow budget report is for and now we’ll take a look at the benefits that it offers - over and above simply having a firm grip on your company’s revenue stream. The advantages are many and include:

  • Peace of mind that your day-to-day commitments are met
  • Demonstrates to your bank manager that you’re able to afford any requested borrowing
  • Allows you to accurately determine the best time for purchases and expansion
  • Planning for possible shortfalls and surpluses is made easier
  • A benchmark is provided for your future growth ambitions

Even if your business is consistently making a healthy profit, you still need to use cash flow budgets, as otherwise, you can quickly become short on available cash. Even though your P&L sheet might not deem inventory, assets and equipment as losses, you can be left financially restricted.

Get the Knowledge You Need With a Budgeting Course Online

Managing your business finances can be tricky, which is why many people turn to accountants for assistance. However, if you’d like to be spared that expense, it’s possible to boost your financial admin knowledge with a budgeting course online like our Prepare & Monitor Budgets Certificate. Modular, video-based and CPD-approved, we offer engaging training on your terms. 

If you’d like to know more about this or any of the industry-leading learning that we offer, simply visit us today at www.onlinecoursesaustralia, where you’ll also find details of our flexible instalment plans that make our training accessible to even the smallest of business budgets.

However, if you’d prefer to speak to us directly about your online training needs, we’re here to assist. Simply call us on 1300 611 404 and our expert team will give you the answers you require.


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