I have tried projecting the cash flow of my business but I have found it to be very tedious and involving, is there a better way to approach this?
Cash flow is a pretty tricky topic for many small business owners and it is inherently one of the more difficult aspects of accounting, especially when it comes to projecting cash flow.
One of the best pieces of advice I can give is to make sure you're staying on top of your bookkeeping and leveraging one of the existing accounting software solutions available (Quickbooks Online, Xero, Wave, etc.). Booking every invoice you generate and bill you receive at the time it is created (or received) will help you stay up to date with the current and short term cash position of your business. Most of the software tools above have good reporting and dashboards that provide in depth and snapshot type reports for easy analysis.
Hope this helps!