Improving the accuracy of cash flow forecasts can be achieved by several methods. Firstly, ensure that you have a clear understanding of your business's financial history. This includes knowledge of past sales, expenses, and cash flow trends. Secondly, regularly update your forecasts to reflect the current business environment and any changes in your business operations. Thirdly, consider using cash flow forecasting software that can help automate the process and provide more accurate results. Lastly, always account for unexpected expenses or changes in the market that could impact your cash flow.
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