For consulting firm owners
Consulting Firm finance tools
A consulting firm sells time and expertise. It pays consultants twice a month, and clients pay invoices on 30 to 60 day terms. Large clients can take longer. The firm's cash problem is the gap between the work and the payment.
13-week cash flow forecast
Open →How much cash to keep
Open →How much to pay yourself
Open →Can I afford to hire?
Open →Break-even calculator
Open →Monthly financial report
Open →Common questions
How much cash should a consulting firm keep?
Two payrolls plus a month of fixed costs at least. If clients pay on 60 to 90 day terms, keep more, because you carry the work until they pay.
How do I shorten payment times with large clients?
Agree billing dates in the contract, bill on the day the work is done, and ask for monthly billing instead of milestones.
Get this done for you every Monday
One Page CFO reads your QuickBooks, builds your 13-week cash forecast and your one-page report, and a CFO checks both. $500 a month.