Why Law Firm Revenue & Cash Flow Forecasting Is a Nightmare (and How to Solve It) with Sean Mooney
In this episode of Financial Modeler’s Corner, host Paul Barnhurst (aka The FP&A Guy) welcomes Sean Mooney, a senior financial consultant specializing in automated financial modeling for professional services. Sean shares his journey from accounting to financial modeling, the challenges of revenue forecasting for law firms, and the power of Excel automation. Sean Mooney is the founder of SJ Finance, a consultancy specializing in financial modeling automation for professional services firms. With 12+ years of executive finance experience in the UK and Australia, Sean has built financial models that have helped businesses secure millions in funding. He is an expert in Power Query, Excel automation, and M&A financial modeling, helping companies save up to 75% of reporting time through smart automation.Expect to Learn:How Sean transitioned from accounting to financial modelingThe role of Power Query in automating financial modeling processesKey revenue forecasting challenges in law firms and service businessesWhy scenario planning is critical for financial modelsHow financial modeling influences business strategy and decision-makingHere are a few quotes from the episode:“Law firms have long cash cycles, so tracking work-in-progress (WIP) is absolutely critical.”“Debt financing can sometimes be a better alternative to private equity, but many business owners don’t realize that.”“The biggest risk in a financial model? A black hole of stagnant WIP that never turns into revenue.”In this episode, Sean Mooney shared his expertise on how automation, Power Query, and strong forecasting techniques can transform financial models from static spreadsheets into dynamic decision-making tools. He advises financial modelers to stress-test their models, embrace automation, and always keep learning.Follow Sean:LinkedIn - http://www.linkedin.com/in/sean-mooney-sjfCompany - https://sjfinance.co.uk/Follow Paul: Website - https://www.thefpandaguy.com LinkedIn - https://www.linkedin.com/in/thefpandaguy YouTube - https://www.youtube.com/@thefpaguy8376 Follow Financial Modeler's Corner LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/?viewAsMember=true Newsletter - Subscribe on LinkedIn-https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984Sign up for the Advanced Financial Modeler Accreditation Today and receive 15% off by using the special show code ‘Podcast’. Visit https://bit.ly/497oAqW and use the code “Podcast” to...