Typically cash forecasts are done on a quarterly basis measuring cash about two weeks or a month out from when estimated taxes and distributions are due. Integrating information into the forecast as soon as it is obtained, using a “rolling” format so that updating is continuous, helps the practice time cash outlays to meet incoming deposits. Further, use of a rolling forecast improves forecasting accuracy and can see the practice through cash-critical periods.
THE BUSINESS OF PRACTICE: MANAGING A PROFITABLE PRACTICE Acknowledgments
Declaration of Ethics The Author has adhered to the Principles of Veter- inary Medical Ethics of the AVMA.
Conflict of Interest The Author has no conflicts of interest.
