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Cash flow
Payments received and made by a firm
Net cash flow
PRB - PMB
(payments received by business - payments made by business)
Working capital
Funds available in business to meet day-to-day needs
Cash flow forecasts
Prediction of future cash inflows, outflows and net cash flows for a specific time period
List the steps for constructing a cash flow forecast
Opening Balance
Cash inflow
Cash outflow
Net cash flow
Closing balance
Investment
Purchase of a fixed asset
List some reasons for poor cash flow
Poor stock management
Poor pricing strategy/low sales
Firm is expanding too fast
High expenses
List some ways to increase cash flow
Effective debt collection
Cash transactions only
Going public
Loans (preferrable long-term)
List some ways to reduce cash outflow
Better stock management
Reducing expenses
Switching to cheaper supplies