To get started, we have four simple questions
1. How much cash in hand does your business have at present?
This figure should be negative if your current balance is in overdraft.
2. How much cash will your business take in over the next month?
This should include all cash received including cash payments from customers, grant income, investment received and all other cash received by the business. All amounts should include VAT where applicable.
3. How much will your business have to pay to suppliers over the next month?
This should include all cash payments made to suppliers including: materials/ stock purchases, carriage in/ out and packaging. All amounts should include VAT where applicable.
4. What will your business pay in overheads over the next month?
This should include payments such as: wages & salaries, rent, light & heat, telephone, repairs, capital items such as equipment, debt repayments, PAYE/ PRSI payments. All amounts should include VAT where applicable.
Calculate
Your forecast cash balance at the end of the month will be:
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Use our advanced cashflow tool to better understand your business' cashflow position.
1. What is your current / opening cash balance?
If in overdraft, please insert a negative balance.
2. What will your cash receipts be in this period?
This should include all cash received (as forecasted for the next 12 months) including cash payments from customers, grant income, investment received and all other cash received by the business. All amounts should include VAT where applicable.
3. How much will your payments for direct costs be in this period?
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4. How much will your payments for overheads be in this period?
This should include payments (as forecasted for the next 12 months) such as: wages & salaries of other staff not directly involved in production, e.g. admin, accounts, salary for the business owner, rent, light & heat, telephone, repairs, motor & travel expenses, legal, professional & accountancy costs, capital items such as equipment, debt repayments, PAYE/ PRSI payments. All amounts should include VAT where applicable.
5. How much will you be owed by your customers (debtors) at the end of the period?
If you are unable to forecast this, please insert amount owed by your customers (debtors) today as an estimate.
6. How much will you owe your suppliers (creditors) at the end of this period?
If you are unable to forecast this, please insert the amount owed to your suppliers (creditors) today as an estimate. This should exclude any overdrafts, loans, leasing and other long term debt.
Calculate
Reset Results
Your forecast cash balance at the end of the month will be:
Small changes can have a big impact
Cost of sales
The cost of sales is the price of buying or making an item that is sold. The difference between sales and cost of sales is gross profit. For a retail business, the cost of sale is the purchase price for the item. For a manufactured good, the cost of sale includes direct material, direct labor and factory overhead associated with producing it.
Overheads
Overheads are the indirect expenses of running a business. This could be employee wages, the cost of production materials or simply the space you are running your business from.
Debtor days
Debtor days shows you how quickly cash is being collected from debtors. The longer it takes for a company to collect, the greater the number of debtor days.
Direct Costs
N/A
Sales volume
The sales volume is the total number of units sold. This can provide you with a snapshot of your company's financial size.
Sales price
The sales price is the total amount of money required to be paid or previously paid for either product or property.
Creditor days
Creditor days measures how long on average it takes a company to pay its creditors. This can be calculated by dividing the trade creditors shown in its accounts by its cost of sales and then multiplying by 365.
Gross Profit Margin %
Your inventory is the aggregate value of your merchandise or stock, finished goods, work in progress, supplies used in operations and raw materials.
