Budgeting and forecasting involve planning your business’s financial future by setting financial goals and predicting future revenues, expenses, and cash flows. You can use this to help manage your finances effectively, anticipate future financial needs, and set realistic financial targets.
Improves cash flow management
Ensures timely payments to suppliers, avoiding late fees and maintaining good relationships
Streamlines the process of collecting payments from customers
Enhances financial planning and analysis by providing clear visibility into payables and receivables
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