After such a disastrous episode as the Covid-19 pandemic, it is with some trepidation that we all start moving forward again.
All businesses have an urgent need to get back to some level of normality but there is nervousness about how recovery will take place, how safe, in health terms, it will be and how long it will take.
Given this uncertainty, it is all the more important that micro and small businesses employ some highly focused forecasting tools.
BHT has financial forecasting experience which has been forged through the recessions of the 80s and the early 90s and finally the deep recession of the mid-2000s.
We have come through all of those difficult times because we developed and constantly refined our Business Cash Management Systems.
We are now offering to support any micro to small business using that same system for them.
Using our template, we can develop a cash forecast for your company by week to the end of your financial year.
At the same time, each month, we will conduct a bank reconciliation against the figures in our template and update your income and expenditure forecasts.
Using this system, we can ensure that your cash-flow and profitability moves in the right direction.
Because of the pain caused by this disaster, we are discounting the basic monthly fees by 33% for the first 3 clients. They will pay only £40/month with no set-up fee compared with the normal costs of £60/month and £60 set-up. This fee structure will continue into the future with only RPI fee increases each year end.
Of course, there is more to financial planning than cash-flow forecasting and the so BHT Business Cash Management Service can help with:
- Invoice raising
- Credit control and payment chasing
- An outline of your monthly/annual profitability
- Weekly or alternate weekly bank reconciliation and forecast updates
- The second year’s forecast
- Annual summary sheets of cashflow
- Annual summary sheets of outline Profit & Loss
- Business advice
So if you are concerned about the future and you’d like to be careful going forward just give us a call on 0808-172-1900 and we’ll talk you through what can be done.