WHY IS FINANCIAL PLAN IMPORTANT FOR YOUR BUSINESS?

 Hi there,

I have been working in the accounts department of a business for several years. It has been a learning experience for me as I have understood the importance of financial planning. It helps in understanding the financial status of the business and predicting its future. The plan has a provision for emergency planning and cost reduction to make sure that business enjoys a positive cash flow. The financial plan is an essential part of the business plan and aids in getting the required funding. The plan has the budget and the projections that are needed to monitor its performance and expenses. Here is an article that will help you understand this better. 

https://www.agibookkeeping.com.au/why-is-financial-plan-important-for-your-business/



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