You’ll want to know which products or services are cash cows to keep and which ones are dogs to remove. Alliotts' new recruit Justin Wong outlines how Xero can help you to do that effectively.
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Preparing for unpredictability when it comes to your cash flow will make your business even stronger.
Formal cash flow forecasting is common practice for conscientious business owners as it’s a great way to budget each financial year.
However, developing a forecast can be more complex than simply stating your likely monthly outgoings and income. With the many internal and external variables that can contribute to the growth or decline of your enterprise, provisioning for these in your forecast can be difficult. We outline Alliotts approach to making your next forecast as accurate as possible.