This checklist ensures effective management of cash flow within the organization, helping to monitor and optimize inflows and outflows of cash.
Evaluate all sources of cash inflows including sales revenue, investments, and receivables to ensure accurate tracking.
Analyze all cash outflows including operational expenses, loan repayments, and other liabilities to understand cash usage.
Create a cash flow forecast for the upcoming month based on historical data and expected cash inflows and outflows.
Continuously monitor the cash position daily to ensure sufficient liquidity for operations.
Identify potential cash shortfalls and plan necessary actions such as adjusting spending or securing short-term financing.
Regularly review and adjust the cash flow forecast based on actual performance and changing business conditions.
Prepare a report summarizing cash flow status, forecasts, and recommendations for stakeholders.