Optimize your financial management with our thorough 'Cash Flow Planning Template', designed to streamline the income and expense tracking process for business stability.
1
Identify income sources
2
Collect data on monthly income
3
Record all income details
4
Identify recurring expenses
5
Obtain data of monthly bills and other expenditure
6
Note down details of all expenses
7
Calculate total income
8
Calculate total expenses
9
Determine net cash flow (income expenses)
10
Prepare initial draft of Cash Flow Statement
11
Approval: Cash Flow Statement Draft
12
Identify irregular income and expenses
13
Adjust Cash Flow Statement for irregular items
14
Finalize Cash Flow Statement
15
Approval: Final Cash Flow Statement
16
Schedule follow-up review in 3 months
17
Securely archive cash flow data
18
Provide cash flow summary to the relevant parties
Identify income sources
Identify and list all sources of income for the cash flow planning process. This includes salary, investments, rental income, and any other income sources.
Collect data on monthly income
Gather information on the amount and frequency of income received each month. This will help in accurately estimating the cash flow.
1
Weekly
2
Bi-weekly
3
Monthly
4
Quarterly
5
Annually
Record all income details
Record all income details in a systematic manner. This will help in tracking and analyzing the cash flow.
1
Salary
2
Investments
3
Rental income
4
Other
Identify recurring expenses
Identify and list all recurring expenses that need to be considered in the cash flow planning process. These expenses occur regularly and have a fixed amount.
1
Rent
2
Utilities
3
Insurance
4
Loan repayments
5
Subscription services
Obtain data of monthly bills and other expenditure
Collect data on all monthly bills and other expenditure to accurately estimate the cash flow. Consider expenses like groceries, transportation, entertainment, and other discretionary spending.
1
Groceries
2
Transportation
3
Entertainment
4
Healthcare
5
Miscellaneous
Note down details of all expenses
Record all expense details in a systematic manner. This will help in tracking and analyzing the cash flow.
1
Housing
2
Transportation
3
Food
4
Entertainment
5
Other
Calculate total income
Calculate the total income by summing up all the recorded income amounts.
Calculate total expenses
Calculate the total expenses by summing up all the recorded expense amounts.
Determine net cash flow (income expenses)
Calculate the net cash flow by subtracting the total expenses from the total income. This will provide an overview of the cash surplus or deficit.
Prepare initial draft of Cash Flow Statement
Prepare an initial draft of the Cash Flow Statement using the calculated total income, total expenses, and net cash flow. This will serve as the basis for further analysis and adjustments.
Approval: Cash Flow Statement Draft
Will be submitted for approval:
Calculate total income
Will be submitted
Calculate total expenses
Will be submitted
Prepare initial draft of Cash Flow Statement
Will be submitted
Identify irregular income and expenses
Identify and list any irregular income and expenses that occur on a non-regular basis. These may include bonuses, tax refunds, or one-time large expenses.
1
Bonus
2
Tax refund
3
Medical expenses
4
Home renovation costs
5
Vehicle repair
Adjust Cash Flow Statement for irregular items
Adjust the Cash Flow Statement to account for any irregular income and expenses identified. This will provide a more accurate representation of the cash flow.
1
Bonus
2
Tax refund
3
Medical expenses
4
Home renovation costs
5
Vehicle repair
Finalize Cash Flow Statement
Review and finalize the Cash Flow Statement, incorporating all the necessary adjustments and ensuring accuracy.
Approval: Final Cash Flow Statement
Will be submitted for approval:
Adjust Cash Flow Statement for irregular items
Will be submitted
Finalize Cash Flow Statement
Will be submitted
Schedule follow-up review in 3 months
Schedule a follow-up review of the Cash Flow Statement in 3 months to assess any changes and make necessary adjustments.
Securely archive cash flow data
Securely archive all cash flow data to ensure its confidentiality and accessibility for future reference.
Provide cash flow summary to the relevant parties
Prepare a summarized cash flow report and share it with the relevant parties, such as stakeholders or financial advisors.
