Finance is at the heart of a business. It is through finance that a company can manage its health. Data from Sebrae indicates that 60% of small and medium-sized companies close their doors within 5 years, many of which are due to a lack of cash flow control.
The finance department also needs to have control and transparency over this process to set goals that are appropriate for the business plan. This reinforces the need to maintain a healthy cash flow .
Check out this article to learn how to control cash flow and the impacts this practice can have on an organization!
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What are the means of controlling cash flow?
Understanding cash flow models and uk whatsapp number data applications is an important step towards improving a company’s financial management . However, it is also important to understand how to control each of these cash flow types.
To do this, there are some tools that can help with this function, making financial control more agile and efficient . Check them out:
Cash flow control spreadsheet
The cash flow spreadsheet is a very practical tool for the financial health of a business . Very accessible, it allows the finance team to don’t worry if you’re a beginner! and monitor income and expenses very easily.
It is also possible to improve the spreadsheet according to the organization’s needs . For example, creating space to control expenses with suppliers, taxes, salaries, fixed and variable expenses, etc.
Its biggest advantage is the fact that it is accessible and completely editable, making it possible to create them using free spreadsheet tools.
Check out Asaas’ free cash flow spreadsheet .
Monthly cash flow system
Although analog methods are affordable, they often take up more time for employees to fill out manually.
Furthermore, they are susceptible to ba leads error, which can eventually compromise the organization .
To avoid complications, opt for automated cash flow control tools . In this type of system, the software itself calculates the values and allows for a faster and more complete analysis of the company’s financial health.
The Asaas account , for example, offers several financial reports.
How to control cash flow?
A company’s cash flow is one of the most important tools for financial management. Controlling consolidated cash inflows and outflows and visualizing movements is essential to maintaining financial health and predicting how it will behave in the short, medium or long term.