Learn How to do Budgeting & Financial Flow

Learn how to create a forecast and how to budget – enable transferable skills for both business as well as personal finance.

This course is for the self-employed, business owner/manager and accounting student as well as the individual who wants to understand how to create a cash flow forecast (on excel) and how to set a budget.

The course is ideal if you want to improve your finances (both in business and from a personal perspective). The course covers budgeting (how to set a budget and what budgeting is), and cash flow – how to create a cash flow forecast, how to improve upon a cash flow forecast and the implications of bad debt and poor cash flow management.

An excel template cash flow forecast and an excel budget template is included. You can use these templates and amend them to suit yourself – be it for personal or business use.

The course should take approx. 90 minutes to complete. We go through a cash flow forecast exercise / example together – inputting the income, the expense and working out the net cash flow. WE then calculate the closing bank balance and when we’re likely to need an overdraft. We look at ways in which we can improve upon the cash flow forecast and discuss the implications of not collecting in the cash owed to use in a timely manner.

We explore the issue of debt and the implications of late payments on a business and what can be done about it. We also look at budgeting – how to set a budget, and the different types of expenses.

The course is structured in such a way that it is very practical. We have a go at a cash flow forecast example with estimated numbers and we look at what this forecast shows us. The templates are all editable and reusable in your own ‘real life’ be it business life or personal life. You are given practical tasks to complete i.e. to maintain a money diary for a week as we want this to be a useful and practical experience.

It’s worth taking this course if you are required to do a cash flow forecast and you’ve never had to do one before, or if you have to budget and manage your personal or business finances and you want to be able to manage this task more effectively.

Who is the target audience?

This course is for entrepreneurs, business owners, individuals and bookkeepers who want to be able to create a cash flow forecast and budget