How a Virtual CFO helps you to manage cash flow

Sir, you need to make payment of 1.7 lakhs today

Upon hearing this Ramesh fumbled his cup of coffee

Ramesh was having a nice time with family.. until his accountant called

He opened his bank account and was quite relieved to see the balance of 2.1 lakhs

This was not the first time it happened, it was the third time 

He was furious at his accountant

Something needs to be changed

He called up his trusted advisor Sanjay

He told ” Sanjay you need to help me”

I am tired of being reactive in business

“What can be done” he asked desperately

Then he went on to elaborate the situation to Sanjay

Sanjay spoke ” Most of the issues are related to planning of cash flow, You need to proactively manage it”

One of the best ways to handle this is to prepare projected cash flow statement

You can start by forecasting cash flow requirement for next one month

This way you will know how much money you will have at any point of time

Whats the message?

Always plan the cash flow requirements in advance.

This way you can proactively manage your business  

At Soatech, we provide Virtual CFO services

through which you can manage cash-flow proactively

Would you like to know more about this service

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