David Ebdon - Cashflow Forecasting

Paddock Wood based accountancy practice FD Solutions and Accounting Limited brings a fresh perspective to supporting South Eastern businesses. In addition to providing competitively priced financial year end and tax advice accountancy services it also offers a unique out-sourced finance director service for those businesses too small to need anybody full time and yet requiring more support than just an annual conversation with their accountant. Monthly support starts from as little as half day per month and can be ongoing or for a specialist project.

David Ebdon, FD Solutions and Accounting's owner's career has been exclusively in industry which enables him to truly understand the challenge fellow business owners face and how these can be efficiently overcome. Typical services outsourced finance director services include cash management, forecasting, profit improvement, management accounts, board presentations or providing a financial sounding board to the business owner.

Specialisms include the food, hospitality and manufacturing sectors. 

A recent example of such assistance was given to a coast-based restaurant client whose income was seasonal. Standard accounting software only reports a cash position based on monies owed by customers and owed to suppliers, after this there is a cliff edge. This was overcome by creating a cash flow forecast which used estimated monthly sales, profit margins and standard overheads. The actual position was compared monthly to that forecast with tweaks made to assumptions in future months where necessary. Forecasting in this manner gave full visibility of the cash balance over 12 months to ensure the business had enough money to cover their low season. FD Solutions and Accounting It is now working with them on their profitability improvement. 

For more information please see www.fdsols.co.uk .