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By Andy Thomas

Cash is the most vital financial asset for any small business during times of crisis.

Access to cash to pay staff and creditors remain vital to enable a business to continue operating.

Please find a link below to a simple cash flow forecast spreadsheet (with tabs for Ltd Companies and Sole Traders). This may help you plan out your expected revenue and costs over the next few months and therefore understand the position that will have on cash.

If you are thinking of applying for any of the CV Business Interruptions Loans, this is the kind of information the bank will ask for.

It doesn’t need to be an elaborate financial model. We have deliberately kept the format very simple to use.  If anyone would like to discuss more detailed financial modelling, for example with an integrated Balance Sheet, contact your accountant. 

Please free feel to download, share, update and tweak the format to suit your individual needs.

Help is at hand if anyone needs some support or guidance – please just email me on andy.thomas@abacusjack.co.uk

Download the basic cash flow spreadsheet here. 

About the author

Abacus Jack Accountancy is a modern, forward-thinking accountancy practice based near Washington in the North East.

The organisation is run by Andy Thomas with the support of a small team focused on helping new business start-ups and small businesses with all of their accountancy needs.

Andy and the team provide a uniquely personal accountancy and business advice service that works with business owners throughout the year to understand the unique challenges and opportunities within their business.

Services include company formations, annual accounts, tax returns, VAT, payroll, bookkeeping, financial modelling and reporting, business advice, R&D tax credits and HMRC agent representation.

Andy has a specific page set up on his website to offer tailored Coronavirus updates and support to clients and non-clients alike. Click here to find out more. 

https://www.abacusjack.co.uk

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