Made possible by. IT Systems Why Accounting. The cash flow budget tells if you have sufficient money to pay your bills at the end of the month. A cash flow budget is a chronological overview of expected income and expenses over a given period of time.
A Cash Flow Forecast is an estimation of the money you expect your business to bring in and pay out over a period time. It should reflect all of your likely revenue sources like sales or other payments from customers and compare these against your likely business expenses like supplier payments, premises rental and tax payments. The document includes a Business Plan template and a Personal Survival Budget template, which are also required for your application: Download Template. For your ease, this file includes a blank Personal Survival Budget template, which you must also submit with your application. These two templates are automatically linked together to reflect where any shortfall in your personal budgeting may need to be made up by drawings from your business.
The financial section of your business plan determines whether or not your business idea is viable and will be the focus of any investors who may be attracted to your business idea. The financial section is composed of four financial statements: the income statement, the cash flow projection, the balance sheet, and the statement of shareholders' equity. It also should include a brief explanation and analysis of these four statements. Think of your business expenses as two cost categories: your start-up expenses and your operating expenses. All the costs of getting your business up and running should be considered start-up expenses.
This might involve you being wealthy, finding the perfect partner and being happy and satisfied. Alternatively, consider this. You would like to fly to the Moon and you are confident that you know what is required. You know you will need the right ship and a skilled crew.