Introduction to Cashflow Forecasting
An online session designed specifically for small charities. We will look at what a cashflow forecast is, why it’s an essential small charity finance tool and how to prepare a simple cashflow forecast.
During this session, we'll introduce the importance of the "going concern" principle, and what to consider when things look concerning. A good budget will tell us how much is coming in and how much is going out. A cashflow forecast tells us whether the money coming in will come in time or not. A good cashflow forecast is essential in all small charities.
What we'll cover
- How to use a cashflow forecasting template to track income and expenses
- Understanding the "going concern" concept and its importance for your charity’s future
- What to do when cashflow issues arise and how to take corrective action
- Top tips and common pitfalls to avoid when managing cashflow
Learning Outcomes
- How to use a cashflow forecasting template to track income and expenses
- Understand the concept of "going concern" and its importance
- Take corrective action when facing cashflow issues and manage finances effectively
- Know where to look for guidance and support when facing financial difficulties
Content:
These materials will be available for two weeks after the session. Please make sure you download what you need. All our content is provided on a Creative Commons License. In short, this means that you are free to use these with the original branding and on a non commercial basis.
Some of the following resources include guidance on going concern. This is not intended to replace proper professional advice. Usual due diligence applies when acccessing information. Always check for accuracy etc etc.
