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  • Cash flow coaching kit

    The Cash flow coaching kit is a free resource for tax professionals and business advisors. It is designed as a value-add advisory service to use with small business clients. The kit helps deliver tailored coaching conversations about cash flow management at any stage of the business lifecycle. It is particularly useful in times of financial stress.

    Tax professionals and business advisors can use the resources in the kit to help small business clients better understand the actions they can take to manage their cash flow. This includes:

    • learning the fundamental concepts of cash flow
    • understanding how cash flows in and out of their business and ways to assess business viability
    • scenario planning to identify possible actions to improve performance by increasing cash in or reducing cash out in their business.

    The kit contains practical tools to coach small businesses on effective cash flow management techniques, such as the:

    • health check – identify potential areas to help strengthen cash flow management practices
    • cash flow canvas – present in a simple way how cash flows (in and out) of the business
    • change levers – offer simple and realistic ideas to support the small business to take action to change the performance of their business and strengthen cash flow
    • action checklist – record the agreed goals and the steps the business needs to take.

    The kit does not replace any existing accounting or financial tools. It can be used to complement software accounting packages.

    On this page:

    Who can use the Cash flow coaching kit

    The Cash flow coaching kit is tailored for tax professionals and business advisors, who are well placed to have tailored conversations about cash flow with small business clients.

    Many small businesses will benefit from advice around:

    • how to navigate to the right information
    • improving their business and financial acumen
    • making critical decisions
    • planning ahead
    • meeting their financial commitments and regulatory obligations.

    Small businesses are encouraged to seek the assistance of a trusted advisor about ways to better manage cash flow and use the Cash flow coaching kit.

    Benefits of the Cash flow coaching kit

    Cash flow problems continue to be a major issue for small businesses. Research shows:

    • almost half of small businesses are under financial pressure within the first year, and this often increases into years two and three of business
    • 60% of small businesses cease operating within their first three to four years
    • 90% of small business failures are due to poor cash flow
    • small businesses who manage their cash flow effectively are more likely to succeed.

    There is a lot to do when starting or running a business. The financial and cash flow foundations are essential for business viability. The Cash flow coaching kit can help tax professionals and business advisors support small business clients by navigating them to the right information and translating the information into action.

    Show me how webinars

    Practical 'show me how' webinars are available for tax professionals and business advisors who want to learn more about the Cash flow coaching kit.

    Session details and links to the registration pages on WebEx are in the table below. After registering, a confirmation email will be sent to the email address you provide.

    Times listed will be in either:

    • Australian Eastern Standard Time (AEST)
    • Australian Eastern Daylight-saving Time (AEDT) from October to March.
    WebEx session details

    Topic

    Description

    Cash Flow Coaching Kit – 1 hour introductory sessionExternal Link

    Come along to this interactive 'show me how' introduction webinar. Learn about the Cash flow coaching kit basics and see how to use the kit through practical case scenarios. 

    Cash Flow Coaching Kit – 30 min workshopExternal Link

    Come along to this interactive 'show me how' webinar. Learn ways to use the digital Cash flow coaching kit tools and functions in practical case scenarios. 

    Show me how videos

    A series of 'show me how' videos is also available to assist tax professionals and business advisors who want to learn more about the Cash flow coaching kit. Check out the introduction video, cash flow topic videos and a useful case study demonstrating a coaching conversation between a trusted advisor and their client.

    Watch:

    Media: Introduction to the cash flow coaching kit
    http://tv.ato.gov.au/ato-tv/media?v=bd1bdiunaoh41zExternal Link (Duration: 08:10)

    Find out about:

    Accessing the Cash flow coaching kit

    The Cash flow coaching kit is available in digital and paper versions:

    • To access the digital version, email cashflowcoachingkit@ato.gov.au.
    • Tax professionals and business advisors can order the paper version through our Publication Ordering ServiceExternal Link. Search for ‘Cash Flow Coaching Kit – Lite’ (NAT 75239-10.2019). You will need to log in or register under the Tax Agent category (including BAS agents) to order the kit. (You may need to change your registration type to business to enable you to order a kit.)
    • Software developers can access the digital kit open source code on GitHubExternal Link.

    Contact us

    For more information, send an email to cashflowcoachingkit@ato.gov.au.

    Last modified: 06 Nov 2020QC 57842