Explain Why Cash Flow Budgets Are Useful To Business Leaders

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Unit 6 Journal
Explain why cash flow budgets are useful to business leaders.
Cash flow budget is useful for business leaders because this financial tool provides the necessary information to anticipate the availability of cash in a given period. With a sound cash budget, the business can plan for any future “cash receipts and disbursements, along with planned borrowings and repayments” (http://www.principlesofaccounting.com/chapter-21/components/). Organizations need cash flow budgets in order to make their business decisions and learn if they are able to commit spending on new equipment or determine if the business is able to meet debt obligations.
All businesses need to control the amount of cash flowing in and out. Without this record,

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