Cash Flow Forecasting with Michelle Tracz, CPA

The Veronica Edwards Show

Embark on a journey to financial savvy with the help of CPA Michelle, who brings her expertise front and center to the latest episode, where we unravel the secrets of cash flow forecasting. This isn't just another financial advice session; it's a deep dive into transforming yearly budgets into actionable monthly plans. Discover how to anticipate the ebb and flow of your business's finances, learning to read the signs of incoming revenue and imminent expenses. Michelle's wisdom on the nuances of payment terms and customer payment history sheds light on the crucial difference between the cash you have and the sales you've invoiced, a distinction that could make or break your fiscal strategy.
As we move through the conversation, the spotlight turns to the art of managing your cash flow with a finesse that extends beyond the standard Profit and Loss statement. We tackle the often-overlooked balance sheet wonders, from crunching numbers on equipment investments to loan repayments. Here's where the rubber meets the road—we talk about the shortcomings of conventional accounting software and the power of a well-crafted template to keep your cash tracking on point. Remember, it's not about nailing it on the first try; it's about learning from every twist and turn. By the end of our talk, you'll walk away with the tools and confidence to fine-tune your financial forecast like a pro.

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Balanced Virtually

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