Budgeting & Flow

Learn how to create a forecast and how to budget - transferable skills for both business and personal finance
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  • Lectures 11
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2015 English

Course Description

This course is for the self-employed, business owner/manager and accounting student as well as the individual who wants to understand how to create a cashflow forecast (on excel) and how to set a budget.

The course is ideal if you want to improve your finances (both in business or from a personal perspective). The course covers budgeting (how to set a budget and what budgeting is), and cashflow – how to create a cashflow forecast, how to improve upon a cashflow forecast and the implications of bad debt and poor cashflow management.

An excel template cashflow forecast and an excel budget template is included. You can use these templates and amend them to suit yourself – be it for personal or business use.

The course should take approx 90 minutes to complete. We go through a cashflow forecast exercise / example together – inputting the income, the expense and working out the net cashflow. WE then calculate the closing bank balance and when we’re likely to need an overdraft. We look at ways in which we can improve upon the cashflow forecast and discuss the implications of not collecting in the cash owed to use in a timely manner.

We explore the issue of debt and the implications of late payments on a business and what can be done about it. We also look at budgeting – how to set a budget, and the different types of expenses.

The course is structured in such a way that it is very practical. We have a go at a cashflow forecast example with estimated numbers and we look at what this forecast shows us. The templates are all editable and reusable in your own ‘real life’ be it business life or personal life. You are given practical tasks to complete i.e. to maintain a money diary for a week as we want this to be a useful and practical experience.

Its worth taking this course if you are required to do a cashflow forecast and you’ve never had to do one before, or if you have to budget and manage your personal or business finances and you want to be able to manage this task more effectively.

What are the requirements?

  • A basic understanding of excel spreadsheets

What am I going to get from this course?

  • Create a cashflow forecast
  • Complete a budget

Who is the target audience?

  • This course is for entrepreneurs, business owners, individuals and bookkeepers who want to be able to create a cashflow forecast and budget

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction
Introduction to the course
What is cashflow?
Section 2: Worked Cashflow Example
Explanation of the elements to the exercise

How to enter income onto a cashflow forecast


How to enter expenses onto a cashflow forecast


Calculating the net cash flow.

Closing bank and opening bank balance
Section 3: Improve your cashflow

How to improve the figures on a cashflow forecast

Section 4: Debt Management
The consequences of late payments
Section 5: Budgeting
How to set a budget
Section 6: Conclusion
Concluding lecture

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Instructor Biography

Lisa Newton, Entrepreneur & Serial Author

Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.

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