Cash flow forecasting – a Christmas gift from us to you!

Cashflow & Forecasts, News, Videos,

We wanted to find a gift for our clients this Christmas. It needed to be something to make their lives easier, and I think we found the ideal option! Monitoring cash flow in a business can be hard, so we’re gifting every client free access to Fluidly – a 90 day cash flow forecasting tool.

Watch this to find out why we think this is a great tool for our clients in 2020!

(Transcript below.)


Hi and welcome to another episode of BaranovTV, designed to demystify the word of accounts and tax, and to help your business grow.

Welcome to my little grotto; I’ve got my tree in the corner, as Christmas is getting ever closer.

This may not be a very particularly festive subject, but one of the biggest challenges that faces small businesses is that of cash.

With it you can do so much, including sleep well at night. But when it’s scarce you can very quickly start to struggle.

60% of start ups fail in the first three years, and a large number of those are because cash just got away from them.

Even if you struggle on, the lack of cash is a huge distraction from the day to day activities of any business, which could make it a success or not so.

Over many years we’ve worked with a lot of businesses to help them improve their cash position.

So it could have been that we’ve helped them in the short term, to find the cash to pay salaries at the end of a month, to find finance for a new project, or to fund working capital, or simply just to get control once and for all of their debtors.

Many of these activities though need you to have an idea that it’s becoming a problem before you get there, so you need to have the time to make the changes.

It’s almost impossible to find the cash to fill a payroll sized hole with just a few days to go.

So with all of that in mind we want to give all of you an early Christmas present this year!

We are going to gift to all of our clients free access to a three month or 90 day forecasting bolt on, either to Xero or to Quickbooks.

The system links to your bookkeeping software, and it shows you your cash flow forecast for the next 90 days.

We’re giving you this because we think it will make a massive difference to all of our clients to be able to see how your cash is looking for the next 90 days, and see where those holes may be in plenty of time to give us a call to actually fix them.

The forecast updates in real time and it’s fully automated, and as we’ve talked about in the past with ReceiptBank, the system actually learns, and in this case it looks at the data already in your system and it makes assumptions based on that data.

So, for example, it looks at your regular payments, so things such as rent or payroll, insurances and things you pay by direct debit.

It also predicts when customers are likely to make their payments based on their previous payment record, rather than the due date on an invoice.

We particularly like a feature called ‘Breakdown view’ which lets you see which are the key invoices and bills at any one time, so you can focus on those and give them the attention to get them through quickly.

A really powerful feature as well is that it makes suggestions, albeit fairly simple ones, on things you can focus on to improve the situation.

So this is going to be an entirely free access to all of our clients, and we’d really strongly recommend that you make some time to have a look at it.

We’re going to be rolling it out very early in the New Year, but if you think you’re going to have time to look at it between Christmas and the New Year, please just drop me an email and I’ll get the invitation email out to you sooner.

Otherwise, please keep an eye on your inbox for your invitation email to the system.

All that remains from there is for me to wish you a very merry Christmas, and a very happy and healthy New Year, from Chris and from me. We wish you all a very lovely time, and we’ll see you all in the New Year.

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