Budgeting & Cash Flow: A Fresh Start for Your Small Business

Spring is the season of clarity. It’s when we clear out cupboards, scrub the windows, and maybe even start to plan a summer holiday. But what about your business finances?  If you haven’t looked at your budget or cash flow since January, May is the perfect time to check in.  Here’s a quick guide to help you feel more in control.

What’s the difference between a budget and a cash flow forecast?

A budget is your plan. It’s what you think will happen with your income and spending over a set time.

A cash flow forecast is about timing.  It tracks when money will come in and when it needs to go out. It helps you see any shortfalls before they happen.

Both works best when used together.

Why now?

You’re likely just into your financial year. That makes it a great time to check:

·        Are you spending more than you planned?

·        Do you have quiet months coming up?

·        Can you afford that extra team member or new software?

It’s better to adjust now than be caught off guard later.

5 sneaky small expenses that creep up

These are the ones I see most often:

·        Monthly subscriptions you forgot about

·        Unused apps or tools

·        Late payment charges

·        Interest on short-term borrowing

·        Travel and parking costs that never get logged

What next?

If this all feels like a lot or if you’ve never really done a cash flow forecast before, I’m here to help. I offer simple, friendly support with budgeting, forecasting, and even Self Assessments.

Whether you want to do it yourself with a bit of guidance, or you’d rather hand it over completely, get in touch at: info@beebookkeepingandaccounts.co.uk