Cash Flow Management for Small Business Owners

Cash flow management is critical to growing your small business and mitigating unexpected costs but often managing finances can be complicated. Having the right tools can help you forecast how much you’ll earn in the next month, quarter or year.
Feb 08, 2021 — 1 min read
Cash Flow Management for Small Business Owners

What’s inside

  • A useful template to account for operating cash, total sources and uses of cash month by month.
  • Learn to calculate your ending cash balance by combining your operating cash and total sources and uses of cash.
  • Gain a better understanding of the difference between cash flow and profits and losses.
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Cash Flow Management Template for Small Business Owners

This article is for educational purposes and does not constitute legal, employment, or tax advice. For specific advice applicable to your business, please contact a professional.

Cash flow management is critical to growing your small business and mitigating unexpected costs that pop up, but often managing finances can be complicated. Having the right tools can help you forecast how much you’ll earn in the next month, quarter or year.

So, what is cash flow, and why is it so important? Cash flow is the total amount of money being transferred into and out of your business. If your business is cash flow positive, that means the cash coming into your business (from sales or accounts receivable) exceeds the amount of cash leaving (through paying monthly expenses or salaries for employees, for example).

Managing your cash flow empowers you to reinvest capital back into your business, so you can move forward with other investments, like marketing or hiring, for example.

We’ve partnered with our friends at Bench to bring you a cash flow forecast template to help you see a more holistic picture of your companies’ finances and better predict what’s ahead for your business.

 

Bench 
Bench is the largest bookkeeping service in America. We take care of your bookkeeping by pairing you with your own dedicated bookkeeping team. Plus we give you simple software to track your finances and cash flow. Learn more at Bench.co.

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