BUDGETS & CASH FLOW
Planning in advance for your business and cash flow
Cash flow is the single most important financial aspect for any creative business.
Poor cash flow is the most common reason for small business failure - with careful planning and forecasting such risks can be reduced and predicted before problems arise.
As experienced accountants for creatives, Lume can help you plan your cash flow to identify times of cash shortfalls and excesses so you can manage accordingly.
Setting budgets and financial goals on a regular basis allows creative businesses to benchmark their actual performance against tangible measures.
Lume can work with you to develop such budgets to help you better understand your business as a whole as well as particular areas of over-spend that require greater attention.