News & Insights
Recent Posts
- Inside Your Audit: Reviewing Expectations on What Local Governments Should be Asking Their Auditor
- How Small and Midsize Businesses Can Stabilize Financial Operations During Leadership Transitions
- What’s the Right Entity Type for Your New Business?
- Balancing Financial Reporting Needs With Compliance Costs
- Helping Your Nonprofit’s Board Make Sense of Financial Reports
- When the Sale of an Appreciated Home Triggers Taxes — and When it Doesn’t
- Accounting for Business Combinations
- Behind on Bookkeeping? Here’s How to Get Back On Track
Key To Your Cannabis Businesses Success: Strategic Cash Flow Model
Today’s market is witnessing dramatic rising costs for labor and supplies. To help avoid finding your business in a cash crisis, maintaining and updating a strategic cash flow projection model is key.
Cash flow projection (also referred to as cash flow forecasting) is a breakdown of the money that is expected to come in and out of your business.
This includes calculating your income and all of your expenses, which will give your business a clear idea of how much cash you’ll be left with over a specific period of time.
The benefits of cash flow forecasting will greatly benefit your organization.
To name a few, this process will allow you to:
- Understand the impact of future plans
- Plan for possible outcomes
- Identify future gaps in cash availability
- Manage surplus cash
- Track spending
The team at Maner Costerisan is deeply invested in Michigan’s cannabis industry, and we understand the complex challenges cannabis business owners face daily. We have extensive experience with cash flow projection models.
We are committed to helping our clients stay compliant while building a sound financial strategy that supports their growth. We are proud members of the Michigan Cannabis Industry Association and supporters of the Cannabis Regulatory Agency’s Social Equity Program.We know cannabis, and we can help.
The materials provided in the News & Insights section are for general informational purposes only and may not reflect the most current legal, tax, or financial developments. While we strive to ensure accuracy at the time of publication, Maner Costerisan does not guarantee that the information remains up-to-date or free from error. We recommend consulting directly with a Maner Costerisan team member to confirm the applicability and relevance of any information to your specific situation.