EN
What You Can Expect From This Tool:
- An analysis of your current cash flow position
- Advice on how to help you improve your cash flow
- Resources to answer questions and fine-tune your plans
Start by Telling Us How Long You’ve Been in Business
Start-Up
How much money do I need to start my business? To help figure this out, begin by entering your start-up costs.
Add individual costs for the following start up line items1:
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Money In
This is important since, the faster you can turn sales into cash, the less of your own capital you need and/or the less you’ll need to borrow.
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Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 |
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| Same as Previous Month |
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| Accounts Receivable |
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| Annual Interest Rate |
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| Cash Sales |
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| New Loans |
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| Other |
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| Total |
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Calculated Average Cash In:
Money Out
Minimize your need for outside financing by keeping an eye on the outflow of funds, and staying within the terms set by your suppliers.
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Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 |
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| Same as Previous Month |
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| Mortgage and/or Rent |
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| Lease/ Loan Payments |
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| Utilities/ Property Taxes |
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| Insurance |
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| Staff Payroll |
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| Inventory Purchases |
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| Marketing and Advertising |
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| Equipment Rental |
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| Vehicle Expenses |
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| Other |
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| Total |
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Calculated Average Cash Out:
Cash Flow Forecast
Now that you’ve detailed where your money is coming from and where it is going, your estimated cash flow forecast is presented below.
You can see how your cash flow position changes by changing the percentages below. Below value represents 100% of your previously entered amounts.
| Start-Up | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | |
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| Start-Up Cash | -- | -- | -- | -- | -- | -- | |
| Start-Up Costs | -- | -- | -- | -- | -- | -- | |
| Money In | -- | ||||||
| Money Out | -- | ||||||
| Surplus/ Deficit |
Summary
Cash Flow Summary
Start-Up Cash
Start-Up Costs
Initial Start-Up Capital
Average Money In
Average Money Out
Average Monthly Cash Flow
Suggestions to Improve Your Cash Flow2
- Offer a Credit Solution for Your Best Clients: The terms of payment you offer your customers may influence how quickly they pay you. Keep in mind that you don't have to offer all customers the same terms. Consider discounts for early payments, and/or interest charges for late payments.
- Bank Electronically: Deposit payments faster by converting to electronic payment systems or by depositing cheques sooner through an electronic depositing solution such as Mobile Cheque Deposit or Cheque-Pro®.
- Align Supplier Payments to Your Timeline: Wait as long as possible to pay suppliers, unless waiting will cost you money or you can earn a discount for making an earlier payment.
- Stay Competitive: Keep informed on your competition and continue to compare your business through SWOT analysis in terms of pricing and other elements.
Recommendations to Maintain a Positive Cash Flow
Fast and easy, RBC Visa Business Platinum Avion allows you to conveniently make the purchases you need, when you need them.
Learn More about Visa business credit cardsRoyal Business Overdraft Protection
Provides peace of mind for unexpected cash flow shortages – for example when you have to pay employees or suppliers before the money you’re expecting comes in.
Learn More about Royal Business Overdraft ProtectionMoves money automatically to or from your business account. Borrow money when you need it, and automatically pay it back when you have a surplus in your account.
Learn More about Royal Business OperatingLineKeep track of your cash position from anywhere you have internet access. Review your account, pay bills, or deposit cheques from your home, home office, on the go or wherever you are working.
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Ready to Get Started?
How many employees do you have?
