Hi, this is Evan Hutcheson. Today, I wanted to go over the cash flow projection. The cash flow statement is a historical statement. The cash flow projection is what you think your cash flow is going to be in months or years to come. It's a very important report, but also very speculative. However, the more you do it, the easier it will become to spot trends and create an accurate report. Some people might think this is not needed or they don't find any use from it. Their business might be doing well, such as a construction business in my city of Nashville where money is coming in quickly and abundantly. But cash problems can always arise. There might be timing differences between billings and collections, retainage, using funds for other investments, change orders from jobs not being closed out, and cash purchases of fixed assets. The list goes on, as there are many things that can happen to mess with your cash flow. So, it's important to create this report. I would like to create this report for many construction companies because cash is such an important part of that type of business. If your cash is gone, then you can't be in business. Therefore, you need to have some sort of report that allows you to see into the future and make necessary changes if needed. Usually, the first step I tell people is to try to get their systems integrated. If you have a financial system and your estimates and bidding proposals on a different system, trying to get those integrated is good for business in general. But, it also helps you determine the numbers more easily. You can look at the estimates, proposals, and financials at the same time, making it much easier to create this...
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Subcontractors Statement nsw Form: What You Should Know
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