Forecasting receipts is an important tool for any company to have why is it important greater control over its cash flow and financial movements resulting from cash inflows and outflows, and even to automate collections .
Having this control makes it easier for managers to be more assertive in their decisions, which avoids financial obstacles, contributes to making the necessary investments and enables sustainable business growth through adequate financial planning.
In this post, we will show you how to automate collections and have a good forecast of receipts, in addition to reinforcing the importance of this practice. Check it out!
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How important is the forecast of why is it important
Forecasting receivables helps analyze aspects of the business, such as financial availability , sales projections and amounts receivable during a given period. In addition, it enables business maintenance whatsapp number database through working capital control, supplier payments and compliance with financial commitments specific to the company’s segment.
It is important to note that there is a difference between cash flow and revenue forecasting. Cash flow is calculated based on revenue and expenses, while forecasting is based on inflows and outflows that will impact the business’ cash flow.
In addition, it takes into account the financial history and also projects scenarios, situations, market movements, economic conditions, and other issues to automate collections .
In short, forecasting makes it possible to recognize points, such as financial shortages or surpluses, a factor that contributes to measuring the solidity and promoting business security.
How to make a revenue forecast in 7 steps
To structure the best way to make a what is buzz marketing and how to generate buzz with your brand forecast, we have created a simple and practical step-by-step guide that will show you everything you need to do to generate great results for your business. Follow along!
1. Map expenses and income
Understanding financial saultdata and making future projections requires knowing a series of issues, such as:
- cash balances and present values;
- accounts payable of all types and receivable, according to periods;
- fixed payments (daily, monthly, weekly);
- mandatory financial commitments;
- estimated time between receipts and receipts.
If there is any other important information for mapping expenses and revenues , be sure to include it in this process, after all, there are businesses that have specific situations that influence these steps.