Budgeting & Cash Flow Assessment
Careport have a comprehensive monthly care home budgeting model that builds up a monthly profit and loss account, cash flow and balance sheet from resident income, payroll and supplier costs centre assumptions upwards. This provides a robust budgeting model for each care home we work with which can be consolidated at group level and integrated to provide Head Office costs where applicable. The model is essential for ensuring you have visibility of business performance, debt service, investor return and re-investment dynamics covered. And if you use our management accounting services, we compare the budget to actual performance for you.
In addition, our ongoing management accounting services include rolling short term cash flow forecasts (daily and weekly forecasting) and covenant testing on behalf of you, your bank and investors.
For more information please contact us.