Pricing (2)
John Pettit has always done an annual budget, but had never done a cashflow forecast until a year ago, when he had cash-flow problems for the first time as a large client was very slow to pay their bill. With the help of his accountant, he has now developed a cash-flow forecast and, as a result, feels much more in control of his finances.
As Bill Johnson is an accountant by profession, budgeting and bookkeeping have not been a problem for the restaurant. However, as the business is growing, he has decided to employ a bookkeeper on a part-time basis so he can take a more active management role.
Managing money is not Jane Amos’s strong point, but she knows if she wants to grow her business she needs to pay attention to her finances and manage her money wisely. So she asked her business coach and bookkeeper for advice and, after much procrastination, drew up a budget and a cash-flow forecast.
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