Services Provided by Forecast Flow
- Finance Manager
- Annual Budgets and Three Year Plans
- Quarterly Forecasts
- Management Accounts
- Weekly Cash Flow Forecast
- Implementation of Accounts Systems
- Review of Financial Systems and Controls
- Additional Services
Finance Manager
Forecast Flow can provide businesses with the expertise of a Finance Manager:
- To allow the CEO to concentrate on running the business rather than being side tracked into producing financial information which can be costly and time consuming;
- To improve the financial systems, controls and reporting of the business so that the finance function runs efficiently which means transactions are processed and reports are produced in a timely manner; and
- To provide management with relevant reliable financial information so that they can make day to day effective business decisions and plan for the future.
For more information please contact us.
Annual Budgets and Three Year Plans
The annual budget consists of a profit and loss account, balance sheet, cash flow forecast and backing schedules (e.g. sales breakdown, personnel costs, fixed asset spend). It is prepared for a 12 month period and broken down into months.
If a three year budget is required for a business plan then the budget is extended for an additional two years.
For more information please contact us.
Quarterly Forecasts
Each month the budget figures are replaced by the actual figures and the year end result (actual + budget) becomes a forecast. At the end of each quarter the budget figures for the remaining months are reviewed and updated as required to give the year end forecast.
The format of the forecast is the same as the budget detailed above.
For more information please contact us.
Management Accounts
Management accounts are produced monthly from the financial records of the business in the same format as the budget and forecast. They show the actual results of the business for the month and year to date and highlight if the company is performing better/worse than expected.
The figures are compared to the budget and forecast and a commentary is provided to explain the changes.
For more information please contact us.
Weekly Cash Flow Forecast
The weekly cash flow forecast shows all the cash which the business expects to receive and to pay out over a 13 week period. This is a rolling forecast, so once a week has been completed the forecast is extended by one week, so there are always 13 weeks.
The report shows if there is to be a cash shortfall or surplus in the business over the next 3 months.
For more information please contact us.
Implementation of Accounts Systems
Choosing an accounts system for your business can be a daunting decision. You need to choose a package which fits the needs of your business (including growth) and will last at least 5 years as this can be an expensive purchase.
Forecast Flow can help with the selection and installation of an accounts package which fits the needs of your business.
For more information please contact us.
Review of Financial Systems and Controls
The review of financial systems and controls involves an in depth look at the financial processes of the business and reporting to management where they do not conform to best business practice.
Good controls are essential to ensure all information is processed efficiently and reports are produced on time.
For more information please contact us.
Additional Services
In addition to the services described above the following services are also offered by Forecast Flow:
- Help with how to account for R&D tax credit transactions;
- Advice on and preparation of VAT returns;
- Advice on payroll matters; and
- Help with preparing the books of your business for year end.
For more information please contact us.
