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Cash Flow Forecasts

Cash Flow Forecasts and Budgets

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What is a Cash Flow Forecast?

A cash flow forecast is an informed estimate of your company’s cash flow (the cash coming into and out of your business).

Cash flow is one of the most important factors in determining whether a business succeeds or fails. Unfortunately, most business owners focus on Sales and Revenue and forget about the importance of “cash in the bank”

Without accurate cash flow planning and projections, it causes business owners to ‘fly blind’. Continuously dodging and weaving cash speed bumps in their business.

Cash is the air that all small businesses need to survive. This service allows you to ensure you are managing your cash flow effectively to improve your chances of long-term success.

At New Wave, we assist our clients with cash flow forecasting, planning, and strategies.

Does Your Business Have A Cash Flow Projection?

In Australia, small businesses are constantly facing significant cash flow challenges. A recent study by Xero revealed that 60% of small businesses surveyed are grappling with cash flow issues, with 14% facing major difficulties. Additionally, research shows, that 30% of small businesses are struggling to meet their financial commitments throughout 2023. These financial strains are not without consequence; the construction, ecommerce, restaurants, gyms, and warehousing industry has seen a particularly high impact, with 64.4% of businesses that started in 2019 ceasing operations by June 2023. A broader view reveals that 70% of small businesses fail by their 10th year, with 82% of these failures attributed to cash flow problems. It’s also notable that 33% of small business owners cite a lack of capital as their biggest challenge, and 60% of small businesses are not profitable.

Get the Best Cash Flow Management for your Business

Cash Flow Projection

At New Wave Accounting, we understand the cash flow challenges that small businesses in Australia face, especially in today’s fluctuating economic climate. With a staggering 60% of small businesses grappling with cash flow issues, and a significant 82% of business failures attributed to these problems, the need for a strategic partner has never been more obvious. New Wave stands as that essential ally, offering robust business advisory services tailored to navigate and streamline cash flow complexities. 

Cash flow is the number one aspect of any business, so we want to sit down with you and plan out opportunities, review risks before they happen, and make sure you are financially stable throughout the whole process.

As always, we will simplify the process for you and give you the information you need to confidently take action within your business and run it at a high level without worrying about what’s going to happen in the coming months.

We use the most advanced accounting software, Xero, to take action in a streamlined and efficient manner. 

Cash flow forecasting and management is an investment in your business.

Ask yourself the following:

  • As a business owner, does any of this sound familiar?
  • Do you feel like you’re moving forward with your business?
  • Are you unsure how much money your business is making?
  • Do you know how much money is in the bank?
  • Is your current strategy working?

What if we showed you 12 months of what could potentially happen in your business? You could be confident in your business’s ability to grow or simply be happy that you are in a good place and relieve stress and anxiety.

If you would like a cash flow forecast for your business, contact our team of accountants today.

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Get in touch with our team!

Frequently asked questions

Each year, New Wave hosts a Charity Golf Day gathering Gold Coast business owners and professionals together to raise money and support local causes – see video of our latest event below. Our next event is currently scheduled for 2023. If you are interested in attending or want to get involved with sponsorships, get in touch with our office 07 5504 1999.

New Wave Accountants and Business Advisory is a modern accounting firm providing tailored business solutions to businesses on the Gold Coast and across Australia. We assist clients with: Accounting, Business Review, Cloud Software, Business Setup, Tax, BAS Compliance, Business Advisory & Growth, Management Accounting, and Virtual CFO services. At New Wave, our mission is to empower, excite, and build confidence in small businesses by providing clarity in their figures.

We do not currently offer tax returns for individuals only as we primarily support small to medium sized businesses. However, an individual’s tax return will be prepared by us if they have a business structure.

As Business Advisors, we don’t just focus on tax, but look at ‘out of the box’ strategies to start, grow, and scale our client’s businesses. We provide world class communication both internally and towards our clients.

  • We have saved more than $3.5 million in tax for our clients over the last 12 months
  • We are not your Traditional Dinosaur Accountant
  • We don’t charge by the hour
  • We specialise in Small Business

We are RESULTS DRIVEN Accountants. We are passionate about small businesses, and we truly believe we are making a difference through not only changing our clients’ lives but also the lives of our team members. We offer more than just tax but look further into how to improve profits, save tax, and maximise cashflow

Every business is different and therefore has unique requirements. You can start by booking a free initial consultation with one of our Accountants/Business Advisors to help us understand your requirements and come up with a plan to assist you and your business needs. To book a free consultation, please contact our reception on 07 5504 1999.

We understand small businesses and have worked with over 800+ businesses across various industries. We also provide tailored services for specific niches such as Ecommerce, Construction, Medical, and Allied Health.

We offer a $150+GST for 30-minute initial consultation with one of our Accountants / Business Advisors. To book, please contact our reception on 07 5504 1999.

Our Location

08:00am - 05:00pm (Weekdays)

Have an Enquiry?

Please fill out the form and one of our team will be in touch with you as soon as possible.
Newwave Accounting

Download your FREE copy of my book

101 Strategies for Business Owners To Save Tax

Save Tax helps business owners, entrepreneurs and commercial adventurers:
  • Pay only the tax that they need to
  • Find the right people to help you save tax
  • Simplify and demystify tax obligations

At the end of the day, and by the end of this book, you will have an understanding of how and why you should invest in minimising your tax and making the most of your business.

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