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Best practices for cash forecasting
February 7, 2024
Q. What are best practices for cash forecasting? Do you only look at invoices approved to be paid, or do you also include invoices that are in the pipeline?
A.
(Answered by the IOFM Advisory Panel)
These are the elements that are included in my cash forecasting process.
Invoices that are approved and in the pipeline
Invoices with progress payments for capital investments
Seasonal invoices
Timing of sales
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