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The Financial Times Essential Guide to Budgeting and Forecasting by Nigel Wyatt

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5

How should cash be budgeted and controlled?

Cash is often said to be ‘king’. How can we plan and manage our cash flow?

How can we plan and manage our working capital (stock, debtors and creditors)?

Planning systems and cash flow forecasting

Large organisations often spend huge amounts of money on enterprise resource planning (ERP) systems such as SAP and Oracle. These systems cover a wide range of functions within the organisation including planning, logistics and accounting. Despite this investment, cash flow forecasting, even in very large corporations, is often completed on a basic spreadsheet in the treasury department.

In the 2011 Hackett Group study, the accuracy of companies regarding costs for revenue, profits and cash were analysed. ...

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