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.
Forecast Future Cash Flow
Better understand the difference between cash flow and profits and losses as well as leverage Bench and Square products to better manage your cash flow and gain a deeper understanding of bookkeeping best practices.