Cashflow Workshop

Presented by Xact Accounting Founder and CEO, Mick Renton and Client Director, Daniel Wilkinson this session will walk you through a working cashflow forecast and provide everything you need to know to get your cashflow under control!

The video above was taken from our live session. Please get in touch if you’d like to book a 1 on 1 session with our team or join our waiting list for our next live workshop.

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Not sure if you need a cashflow forecast?

Check out our Cashflow Health Check to see if you’re prepared for the months ahead:

Pre-Christmas Cashflow Health Check:

• Did you have less cash coming into the business over Christmas and January?
• Super payments are then due at the end of January
• BAS is due at the end of February
• Will you have a 4-6 month operating cash buffer, after covering your project costs, to cover worst-case scenarios (ongoing COVID impacts)?
• Have your cash reserves gotten smaller this year?
• Do you think 2022 will be better or worse for profits and cashflow?
• Do you think margins will improve or decline?
• Have you built a cashflow forecast that factors in the ongoing impact of COVID on margins?
• Did you hit your forecast profit margin in 2021?
• Project by project, have you hit your forecast profit margin for each job so far this financial year?
• Have you reviewed your margins to factor in price increases from suppliers and updated your markup and labour rates?
• Did you make as much money as you planned to so far this year?
• Are you certain you’ll make enough money to cover your lifestyle expenses?
• Can you accurately predict your revenue, costs, and cash at the bank for the next 6 months?