The tax system, whether it be corporate or personal, is often a complex system that is based on rules-based accounting, which often has little to do with the actual health and well-being of the taxable entity.  

When I am asked to explain why Cash is so important, I use the analogy of building your dream home. In order to build that dream home and give it the best chance of standing there for years, it needs solid foundations. Likewise, an organisation needs cash to survive and grow, it needs cash to survive day to day, and without it, an organisation has no foundations and eventually collapses.

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The cloud holds some exciting prospects for the development of cash flow planning. It will bring access to Machine Learning and Predictive Analytics on a scale previously only accessible to data scientists.

London FP&A Circle on 27 January explored Cash Flow Planning - Why the Traditional Profit-Driven Mindset Needs to Be Rethought.

FP&A teams have been more focused on Profit and Loss account. However, in high uncertainty, FP&A's need to develop a "Cash Flow" Mindset. So what does this involve?