Pre-Christmas Cashflow Checklist with Buildxact

Presented by specialist building industry accountant and Client Director for CFO Advisory, Daniel Wilkinson, in conjunction with Buildxact, this session walks you through a real-life cashflow forecast, built specifically for small to medium builders with multiple projects on the go.

You will learn:

• Garbage In, Garbage Out: Get the right data into your forecast so you have a clean and reliable view of the future
• Horses for Courses: Learn different approaches to cashflow forecasting and determine what could work for you
• How to forecast with multiple projects running simultaneously
• How to use scenario planning to see the impact of key events on your future cash position
• Cashflow Repair tips: Practical advice on how to improve cashflows in and out of your business

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:

• Are you expecting projects and cash coming into the business to slow over Christmas and January?
• Will you have additional annual leave payments going out of the business?
• Staff turnover risk increases over Christmas – can you cover leave payouts?
• 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 impact of COVID on margins?
• Have you hit your forecast profit margin so far this year?
• Project by project, have you hit your forecast profit margin for each job?
• 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 next year?
• Can you accurately predict your revenue, costs, and cash at the bank for the next 6 months?

If you’d like to book a 1 on 1 session with our team or join our waitlist for our next live workshop, please get in touch below.

BOOK A FREE CONSULTATION

Download our Daily Cashflow Forecasting Tool and Christmas Cashflow Planner – as featured in this webinar.

CASHFLOW FORECASTING TOOLS FOR BUILDERS