How to Use Cash Flow Forecasting for Accounts Receivable

You know how much cash you have on hand right now, but what about next week or next quarter? Having insight into your cash flow is critical to making better decisions and heading off potential problems before they happen; but answering those questions is not easy to do. For most companies, forecasting accounts receivable is their most difficult forecasting task because it’s very difficult to predict when your customers will pay you. You may know when payment is due, but not all customers pay on time, right? Consider the strategies below to help you increase the accuracy of forecasting accounts receivable to gain better insight into cash flow. Continue reading