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How does creating a report help you manage your cashflow?

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How does creating a report help you manage your cashflow?

  1. Management: if you can see it you can’t manage it. It gives you …
  2. Visibility (allows you see problems before they happen, and time to negotiate with suppliers or clients, organise over-drafts and so forth
  3. Banks & Major Credit Sources; will need to see a business plan and current/past figures if you apply for a loan or grant