Cash Flow Forecast Template
Cash Flow Forecast Template and Hints & Tips
These reports are frequently requested by banks and financial advisers when you want to borrow money to start or expand your business and can assist in controlling your business income and expenditure.
In addition to the cash flow forecast, banks often require more detailed information to approve loan applications in the form of a Business Plan, Profit and Loss and Balance Sheet.
- Business Plan - this is a written document that describes your core business objectives and how you plan to achieve these over a designated period of time. It is designed to help you and third parties, such as lenders, to understand how you plan to generate money and make your business sustainable and meet you short and long term goals.
- Profit and Loss - this shows the income and expenditure of a business and provides a Gross and Net Profit to show you how the business is performing
- Balance Sheet - this details the assets, liabilities and illustrates how the business is funded; providing a snapshot of the companies wealth at a point in time. They are used by banks and suppliers to work out if the can offer a loan, overdraft or credit facility.
If you require a detailed for you bank we would be happy to discuss this in person, over the phone or via a Zoom call.
The Local Accountant (TLA) work with the most of UK banks and understand exactly what they will require to move your business forward and to get the loan approved. We are therefore uniquely placed to provide you with a tailored solution to meet your business requirements.
Please email us at hello@thelocalaccountant.co.uk if you would like a to receive a free copy of our Cash Flow Template.