Florida CFO Group Blog

Helpful topics from Florida CFO Group's experienced CFOs

What You Need to Know About Cash Forecasting

Florida CFO Group partners Joe Price, Dick Trueblood, and Tom Walker discuss the importance of cash forecasting for small and large organizations.

Tom: Cash flow analysis is very important for a business to be successful. 82% of businesses fail due to poor cash flow management skills. It doesn’t matter how great a business model, how profitable, or how many investors a business has lined up. You will not survive if you don’t manage cash flow.

Joe: Knowing what your cash balance in the company bank account is NOT cash flow management.

Dick: Right. And just because your business is profitable, it doesn’t mean that it has good cash flow.

...
Continue reading

Call: 877-352-2367