Worried about your cashflow? Here’s the key…

dental accountant, dental consultant, accountant for dentists, dentist accountant, dentist accounting, accountant dentist

Maintaining adequate cashflow is a key factor in the success of any business.

So if you’re worried about your cashflow, the key is to look forward on a rolling basis.

I recommend adopting a 13 week cashflow forecast model.

We provide our clients with a template into which your bank account balance figure can be inputted. Our template then sets out the typical areas of dental business income and outgoings.

Either you or your Practice Manager is then responsible for inputting these figures and keeping the forecast up to date either weekly and fortnightly. It’s something that can be used quite easily and is effective so long as it is updated consistently.

By actively managing your cash in this way, you can see when things will start to get a bit tight and discuss ways to generate additional revenue, stop costs, delay appropriate payments or highlight a short term funding requirement to get through any rough patch.

We discuss your forecast with you regularly, so it takes away the worry and stress over your cashflow.

Remember if you need assistance with this or any other financial matter, please contact Clear Vision on 01249 712074.

We’re here to help.

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Original Article: Worried about your cashflow? Here’s the key…
Clear Vision

About Clear Vision

The traditional method of setting goals and gauging the success of a dental business does not automatically provide you with what you need and want. As the dental business owner, it puts you last in the queue. Clear Vision believes that your business should deliver the lifestyle you want. So when you work with our friendly and vibrant team of accountants and business advisers, it starts with you. What you want. How you want to create a difference in your life. Tell us your goals and we’ll work to help you develop a strong, positive dental business which delivers the life you want for you and your family. We have worked with dentists all over the UK since 2001. Dentists who share the same challenges and issues as you. And we’ve seen what factors will really make the difference in improving your results and increasing your rewards. So you benefit from what we know works and doesn’t work. For a taste of the insights we share check out our blog for dentists: www.clearvisiondentalblog.co.uk. We’re ready to share our experience and insights with you. Simply call our friendly team on 01249 712074 for an informal discussion. You’ll have our ear, our understanding and the considerable expertise which comes from successfully improving the lives of dentists like you.