Budgeting and Cashflow Management
Managing cashflow for business stability
“The advice and support we receive from the Partners and staff at Allan Hall is always of the highest standard and integrity, and we consider Allan Hall to be a long-term trusted business partner of Oxley Home Care. Accordingly, I would not hesitate to recommend Allan Hall to any other organisation.”
Fraser Douglas, Managing DirectorOxley Home Care Pty Ltd
More than 50% of small business start-ups fail within the first three years and one of the key reasons is inadequate cash flow. This staggering figure outlines the importance for any business to undertake appropriate budgeting and cash flow forecasting to plan for future cash requirements and avoid a crisis of liquidity.
At Allan Hall, we ensure you are set up with a clear budget and cash flow management system and it is regularly reviewed and amended depending on whether you are reaching your financial goals and/or your business circumstances have changed.
Our team of advisors are here to support you to take control of your cash flow and improve your situation through ongoing monitoring, interpretation of reports and cash analysis, to ensure that you are meeting your financial targets for long term success.
Benefits of budgeting and cash flow management:
- Regular evaluation of operations
- Cash control
- Determines the need for additional resources
- Recognises profitability
- Enables greater growth planning
- Improves relationships with suppliers
- Builds investor confidence
