All great credit managers have an AG Cash Flow Worksheet that is meant to be used as a guide for every department, and it’s worth looking at again from time to time. In fact, one of the more innovative cash flow worksheets in existence today, due to the efforts of some clever mathematicians, will tell you exactly how much income you need to generate before you can spend any cash. Let’s take a look at this super new calculator to see what it has to offer and how it may help you.
The AG Cash Flow Worksheet itself is pretty simple to understand. Basically, each day, it will take your bank balance and your expenses and then tell you exactly how much money you need each month.
Another good thing about this worksheet is that it is designed to be very simple to use. So, if you have any type of special interest or knowledge in accounting, then this is the worksheet for you.
You will also be able to find this worksheet designed specifically for your needs with regards to your tax returns and withdrawals. Again, you can find this type of worksheet online which will mean that you won’t have to spend your precious time making research.
It should be pointed out that this calculator is not 100% accurate and depend on the accuracy of your estimated tax and bank balance. That being said, you can certainly gain an upper hand when it comes to planning ahead.
For example, if you know your debt and income by the day’s sales, you will be able to set a budget that makes sense to you and that gives you the most funds each month. Without going into too much detail, it is also a fantastic way to establish which areas of your business you are spending more money on, such as advertising and staff salaries.
There are many other applications that you can find for this worksheet as well. You can use it to figure out your projected profits and losses and to find out how much money you need to invest to grow your business.
Lastly, don’t forget that there is a maximum limit to how much you can earn on an AG Cash Flow Worksheet. This amount is called the Maximum Take Home Pay Limit, and it is something that you may want to keep in mind when you use this calculator.