Businesses may need to rethink how they forecast and plan for their future with many businesses dealing with unprecedented levels of change, according to BDO national leader, business restructuring Andrew Sallway.
For businesses struggling to rebuild after the pandemic, Mr Sallway said reliable and robust forecasting has never been more critical.
One of the way businesses can achieve this is through a short-term cash flow forecast which looks at the incoming and outgoing cash flows, either daily or weekly over 13 weeks.
It is a critical planning tool for assessing your cash position and understanding whether your business can operate within available cash resources, said Mr Sallway.
If your business cannot operate with the available ca…
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