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With the exceptional challenges my business is facing at the moment, should I create a short-term cashflow report?

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With the exceptional challenges my business is facing at the moment, should I create a short-term cashflow report?

The answer is yes.  This is business not as usual and hopefully a short-term scenario – so a short-term report – ideally looking across 90 days – would be perfect.  You can then review it every week as things are changing very rapidly at the moment – as your position may change too.

You may have shut up shop for a while but your debtors/creditors, the banks etc may still be trading.  There may be some movement financially - payments in or owed; and you may need to wiggle things around.  Keep focused and looking at the figures.