6 Simple Steps to Organize Your Business Finances So That You Can Sleep Soundly at Night

Loose papers, receipts, notes, credit card bills, financial statements, tax returns – these are the byproducts of owning a business. They take up space on your desk and in your mind and every time you look at the litter you feel disorganized.

Before I created a system to organize my business paperwork in the manner I’ll soon explain, I felt disjointed, out of whack, and like I never got anything done. I’d walk into my office and want to turn right around and walk out.

Is there a better way to organize your business finances? You bet. Follow the steps below to create a simple, yet functional way to organize your business and live a more carefree life.

Step 1 – Get a Binder

Purchase a three-ring binder based on the volume of paperwork you produce annually. A 1.5″ or 2″ binder would be adequate for most businesses. You will use one binder for each year you are in business, so that every detail pertaining to your business that year is in one place for easy retrieval. In the viewing window type a cover that shows the name of your business and the year.

Step 2 – Get a Three Hole Punch

Purchase a three-hole punch. This is to hole punch all larger receipts, documents and financial statements and have them fit neatly into your binder.

Step 3 – Get a Zipper Compartment

Purchase a plastic zipper compartment from an office supply store to hold small receipts.

Step 4 – Purchase Accounting Software

Get yourself accounting software so that you can track your finances. Professional business owners track their profits and losses using the right tools and analyze their financials regularly. I recommend QuickBooks, but there are others such as Peachtree, Microsoft Office Small Business, and Simply Accounting. Try to begin tracking sales and expenses from the beginning of your business or the beginning of the year.

Step 5 – THE SYSTEM:

Arrange paperwork in your binder according to month. Keep all receipts, credit card statements and bank statements (make sure to reconcile these monthly), and sales tax reports (if you sell products). At the end of each month, run a Profit and Loss Statement and a Balance Sheet (collectively known as Financial Statements). The Financial Statements become the separator for each month. File small receipts that can’t be hole-punched in the zipper compartment at the back of your binder.

Step 6 – CLOSE IT OUT

At the end of each year, reconcile your accounts, print your annual Financial Statements, and close out your year. Put the binder away and start a new one for the New Year. Give your accountant or CPA a copy of your QuickBooks file to prepare your income tax return.

Tips:

o Only handle receipts one time. Review them. Record them in your software program. File them in your binder.

o Use one credit card for business and one for personal expenses. This way you can maintain separate business and personal expenses. If you ever need to carry a balance, you can easily determine the tax-deductible interest.

o Consult with your accountant or CPA regarding what is and is not tax deductible.

o Make an appointment with yourself one to two hours a week to do your business finance organization. When you have room in your budget, hire someone to come in and do it for you.

The system above is one way to organize your business finances. If you would like to go beyond this system and organize your business for financial success, you may want to consider writing a Business Plan.

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Fundamentals of Financial Statements

After having just completed an accounting 201 course, it has come to my attention just how important accounting is to the business world and individuals. Accounting is defined as the art of recording, classifying, and summarizing in terms of money transactions and events, which are of a financial character. With that definition in mind it is clear that accounting is the language of business, due to the fact that finances are a vital part of any business. However, everyone works with and uses accounting concepts, whether operating a business, investing money, or just choosing how to spend a paycheck.

A concept of accounting that I learned from having completed accounting 201 was financial statements. In my accounting 201 course, we discussed the basic types of financial statements that include statement of cash flow, income statements, and balance sheets. By using these statements, a business or an individual can make informed decisions based on their finances. The first financial statement that will be reviewed is the cash flow statement.

The cash flow statement is the financial document that shows income actually received and expenses actually paid. A cash flow statement is different from the balance sheet or income statement due to the fact that it does not incorporate the amount of future incoming and outgoing cash that has been documented on credit. This financial document instead presents cash balances, cash in-flows, cash outflows, and ending cash balance. The cash flow statement lists any sources of cash coming into the business after the beginning balance, then it records any uses of cash by your business. Cash in the statement of cash flow falls into one of the following categories, operating activities, investing activities, financing activities, and supplemental information.

Next type of financial document will be discussed is the income statement, an income statement is a financial document which demonstrates income earned and expenses incurred. The resulting difference between your income and expenses is referred to as your net profit. Net profit makes it evident whether your business is profitable or not. In order to obtain the net profit you take the businesses income minus the cost of sales, this will give you the gross margin. Once you have the gross margin, you minus fixed operating expenses and the result is net profit. Now to breakdown each part of the income statement, first is income. Income is the money or credit that has been earned from selling a good or service. Next is the cost of sales, which are the costs of doing business such as direct labor, materials, and shipping. The gross margin is the result from cost of sales being subtracted from income. Gross margin is valuable to any business because it is the money left over to pay for any expenses of being in business and for producing a profit. Next are operating expenses, which are fixed expenses that include insurance, rent, salaries, advertising, utilities, and interest payments. After all of that is calculated the result gives your net profit.

The last financial statement that will be examined is the balance sheet; a balance sheet depicts the financial condition at a point in time of your business. To determine the financial condition this accounting equation is used, Assets = Liabilities + Owners Equity. The aspects that make up assets include current assets and fixed assets. Current assets are cash assets that can be converted into cash within one year. Fixed assets are property and equity owned by a business that are not necessarily intended for sale and are used over and over again. Moving to the other side of the accounting equation there are liabilities. Liabilities are when you owe someone else you a liable to that individual or company until you pay it off. Accounts often seen in liabilities include accounts payable, notes payable, and salaries payable. The last phase of the balance sheet is owners equity, which is the part of the assets that the owner has claims to after all the liabilities are paid. The balance sheet should always for the most part come out to be even; if it does not usually some type of event was documented properly or overlooked and can be easily corrected.

Each of the statements that has been discussed allows businesses or individuals to interpret and communicate information about their particular company in terms of their operation and finances. With that information a company can also determine how to price a certain product accurately in order to make a profit. Accounting is known by some as the language of business, and after taking an accounting 201 course and reviewing financial statements I couldn’t agree with it more.

Organize Your Finances

With many of us, an obstacle to taking control of our finances is getting organized. You might need to spend a bit of time initially but then, on an ongoing basis, it just takes a few minutes every week. Hiring a professional organizer is a great way to get your finances organized and in shape.

Make bill paying as easy as possible. This is especially important if you find that you are often incurring late fees or just want the convenience. You can utilize an automatic bill paying system through your credit card or online banking at your bank. Get certain bills paid onto your credit card automatically every month. This is especially helpful for your cable and electric bill.

What to do with all that paper? Let’s start with investment statements. First, open everything that comes in the mail. You should only keep the following: your most recent statement, a statement if you bought or sold any shares and the year-end statement. Everything else you can toss (or shred). Setting up individual files for all your separate accounts is worth the initial time. Therefore, when you are doing your financial checkup or getting ready to meet with a financial advisor, you are easily prepared. You should also create a system for your tax receipts. Make it a weekly habit and file them as soon as they come out of your purse, wallet or briefcase. When tax time rolls around, you will be so prepared and much less stressed.

Is a personal finance software for you? Many people buy it for personal reasons but always seem to be behind, so it’s not for everyone. But, you should still put pen to paper and come up with a spending plan or budget on a quarterly basis. It is worth the time to rent a safety-deposit box for safe-keeping of your will, life insurance policies, and home ownership papers. Make sure that your beneficiaries have a copy of these papers as well.

Lastly, consider consolidating as many accounts as possible. Transfer your old 401(k)s to your new job or to a rollover IRA. Consolidate all your IRAs into one account and separate taxable statements into one account, as well. You’ll get fewer statements every month and be able to keep track of your accounts easier. Remember, disorganization is a major enemy of financial success. It’s the first step to taking control of your finances. Make it a priority!

How To Read A Financial Statement

This article introduces the key concepts of accounting for investors. Its intention is to better enable investors to understand and interpret the financial statements of businesses they might invest in.

Accounts provide a (hopefully) objective analysis of the state and performance of a business. Accounts of listed companies must be prepared according to both the law and Generally Accepted Accounting Principles (GAAP).

Listed companies must have their accounts audited by qualified, independent, auditors to verify the accounts conform to the law and GAAP. Look closely at the auditor’s statement. Any hint of concern here should be cause for alarm.

The four basic accounting principles are accruals, prudence, consistency, and viability.

* Accruals – Items are recorded when their income (or expenditure) arises, not when it is actually received or paid.

* Prudence – Figures must be shown in a conservative (pessimistic) way.

* Consistency – Accounting methods can vary from company to company, however, for a given company the methods used must remain consistent from year to year. If a company changes its accounting methods, this change must be reported.

* Viability – Accounts are prepared on the assumption that the company will remain in business.

Because companies can legitimately adopt different accounting methods it is not always possible to directly compare the accounts of one company with another. However, because of the consistency principle, it is possible to monitor a particular company’s performance over time from its financial statements.

Financial statements usually include letters from the chairman and board of directors. These will usually serve to tell you what a great job the management team have done, but can sometimes provide useful hints as to likely future initiatives.

The three key financial statements are the Profit and Loss Account, the Balance Sheet, and the Cash Flow Statement.

Profit and Loss Account

The Profit and Loss Account summarizes a business’s performance over a period (usually a year).

Sales (turnover) = total sales revenues.

Cost of Sales = production overheads, raw materials, employees, product development, changes in stock levels, depreciation.

Gross Profit = Sales – Cost of Sales.

Operating Costs = costs of administration, distribution, marketing.

Operating Profit = Gross Profit – Operating Costs. (Also referred to as profit before interest and tax, PBIT).

Profit Before Tax = Operating Profit – Profit (+ Loss) on Sales of Fixed Assets – Net Interest Payable.

Balance Sheet

The Balance Sheet is a snapshot of a business’s financial position (what it owes and owns) at a particular moment in time.

The Balance Sheet is based on the accounting equation:

Assets = Liabilities + Owners’ Equity

Fixed assets are assets that a business does not buy/sell as part of its business.

Tangible assets are physical things, eg buildings, machinery etc.

Intangible assets include brand names, patents, licenses, goodwill (the amount by which the price of a business exceeds its assets) etc.

Current assets are assets that can be converted to cash within a year, eg inventory (stocks of goods for sale or raw material), debtors (money not yet received for sales), investments, cash etc.

Current Liabilities are debts due in the next 12 months, eg creditors (money owed to suppliers), accrued expenses (phone, rent… incurred but not yet paid), outstanding dividends, tax due within next year.

Long Term Liabilities money owed but not due within next year, eg bank loans.

Net Current Assets (working capital) = Current Assets – Current Liabilities.

Total Assets less Current Liabilities = Fixed Assets + Current Assets – Current Liabilities.

Net Assets = Total Assets – Total Liabilities.

Shareholder’s funds (owners’ equity) must equal net assets.

Share Capital is the money put into the business by shareholders.

Retained Profit is the cumulative retained profit from the Profit and Loss Account since the business started.

Revaluation Reserve results from a business revaluing assets (eg buildings) at current rather than original costs.

Cash Flow

The last (but certainly not least important) financial statement is the cash flow statement. This statement shows the movements of cash into or out of the business. No matter how healthy the profit & loss account and balance sheet may appear, without sufficient cash a business will fail.

The Operating Profit (from the Profit and Loss Account) is adjusted for non-cash items.

* Depreciation is added back in.

* Any increase (decrease) in inventory is subtracted (added).

* Any increase (decrease) in debtors is subtracted (added).

* Any increase (decrease) in creditors is added (subtracted).

These adjustments give the Operating Cash Flow.

From the Operating Cash Flow the following are subtracted to give Cash Flow before Financing:

* Interest paid.

* Dividends.

* Taxation (actually paid in year).

* Capital expenditure (eg on fixed assets).

* Any other exceptional costs (eg settling a legal action).

* Financing shows cash generated from or lost to external financing, eg changes in loans, issues of share capital etc.

Movement in Cash is the sum of Cash Flow before Financing and Total Financing, and must agree with the change in cash figures on the current and previous year’s balance sheets.

Understand the Cash Flow Statement

“Our Income Statement shows that we are profitable, but how come our company is always strapped for cash?” This is a common question I get from managers and business owners alike. And I always tell them that the Cash Flow Statement is one place to look for answers. This financial statement is one of the reports mostly overlooked especially by small business owners. Most of the time, they are not even aware that this financial statement is one of the basic reports they should be getting from their accountants.

The Cash Flow Statement shows the actual cash generated by the company for a given period. It is primarily composed of three main categories:

Funds generated from or used in operations
Investments made by the company
Financing transactions

Cash Flow from Operations

This category revolves around four activities:

Collections from customers
Payments to suppliers
Other operating cash outflows such as sales & marketing and administrative expenses and interest payments
Cash tax payments

A positive net cash flow from operations means that the company’s core business operations is able to sustain itself – the collections from customers are enough to cover the day-to-day needs of the business.

A negative net cash flow from operations means that the cash inflows from the company’s operations are not enough to cover the daily costs and expenses. This is quite expected for companies who have just recently started operations because efforts are still focused on sales and marketing to build customer base. But management should always work to improve the net cash flow from operations to assure investors that management is effective in controlling the financials and operations of the business.

Cash Flow from Investing Activities

This section usually shows the amount of cash spent by the company on capital expenditures, such as new factory equipment or business expansions. This section also includes other monetary investments (such as money market funds) and acquisitions of other businesses.

There is a negative net cash flow from financing activities if the company put money into investments during the period. It is good to see a company re-invest some of its profits back into the business to cover depreciation of its fixed assets and/or to finance business expansion.

Conversely, the net cash flow from financing activities is positive if the company liquidated or sold some or all of its investments. This may sometimes be required to generate funds to augment the operational requirements of the business. Liquidating investments is better compared to borrowing funds from the bank or other creditors because the company will not have to pay interests.

Cash Flow from Financing Activities

This section shows the outside financing activities undertaken by the company. The cash inflows from financing activities pertain to additional capital from investors or from borrowings from the bank or other creditors.

The cash outflows from financing activities, on the other hand, result from repayments of bank loans and other borrowings and/or cash dividend payments given to investors.

Effective Cash Management

A big part of running a business is managing the funds. You need to make sure that your company’s cash inflows are timely and enough to cover your cash outflows. Your company will be attractive to potential investors when they see that your over-all operations produce adequate free cash flow (FCF). Free cash flow shows that your company has the ability to pay debts, pay dividends and facilitate the growth of the business.

A regular analysis of the cash flow statement will enable you to determine the working capital required by your operations. You will also see if your operations are generating enough cash and if you have extra funds either to expand your business or in acquiring other investments. You will also be timely prompted if you need to get additional funds either from your investors or creditors.

Finance Education for Business Executives

Whether you are in sales, operations, or managing technology in an organization, as you grow in your career, you will be required to make financial decisions. What’s the best way to allocate the team budget? How can the company maximize its return on investments? Can the company afford to make capital investments? These are some of the questions that are not limited to just the finance professionals.

As the world of business becomes more complex, all the employees of the company are expected to be able to speak the language of finance and accounting to make the system more efficient.

Lack of basic financial understanding can seriously hamper your growth prospects. Even if you have all the skills to become a CEO, if you can’t read and interpret a company’s balance sheet, you don’t stand a chance to get that coveted position.

There are various ways to equip yourself with what you need to know about finance as a business executive. The first step towards your finance education is to grab a book that teaches you the basics. There are plenty of good books that have been written with non-finance professionals in mind.

Most business schools offer part-time Executive MBA or other executive programs for working professionals. This is a good option as you study from the experts, and also earn a degree or certificate at the end of the program.

The objective is to get decent knowledge of finance and accounting and be able to apply it when required. Let’s take a look at some of the important concepts that you need to know as a business executive. First and foremost, you need to realize the importance of finance and accounting function and the difference between the two. You also need to know some basic accounting terminology, such as double-entry accounting, debt, credit, assets, and liabilities.

The most important thing that you need to know is how to read and interpret the key financial statements of a company. The three commonly used financial statements are balance sheet, income statement, and the statement of cash flows. As a senior business executive, you are expected to know these statements, and how they are interrelated with each other. Based on your knowledge, you should be able to pick up the key financial data from these financial statements and use it for making key decisions. For example, if you are in a meeting discussing a future project, you should be able to take a call on whether the firm is able to finance this new project, depending on how much the company already owes, or how much profit the company has retained. Apart from these you should also have some knowledge about costing and budgeting techniques.

Your Financial Mission Statement

I’ve never seen anyone any success without first mapping out a course of action. First they find a target, such as getting into a successful career in “X”. Once they decide on a career, then they plan on how to get there, such as the college they need to go to, and break it down further, such as how to finance pursuing that career. Once people graduate and settle down, it seems that the idea of formally planning in your life falls apart. Having a financial mission statement can help you continue on a path in your life to achieve bigger goals, and maximize your happiness in life.

Your mission statement, and your financial mission statement.
It’s no surprise to see that your mission statement and your financial mission statement are almost identical with each other. You want to maximize happiness, by achieving goals.

Laying the foundation for your financial mission statement.
In order to lay down your financial mission statement, Questions to ponder when deciding your mission statement.

1. General life questions:

What do I want to accomplish in my life; what are my priorities?

Who, and what are important in my life?

Do I regret the life that I’ve had so far? How should I change it?

2. Specifics:

How does my career fit into my life?

Do I want to have a spouse? Do I want to start a family?

How do my wife and kids fit in?

Do I want to donate to charities?

How do people look at me? Do I care? Should I care?

3. Actionable items to pursue your finance goals

Career: Should I go back to school for more training? Brush up my resume? Ask peers and supervisors on how to get better?

Personal finance: Who is the “chief financial officer” of our family? What does that job entail? Should
we have monthly meetings on how to run the budget? What do we want as far as the “big goals” in our lives? What about our 401k, and our retirement?

Personal life: What do I want to do in my life that would make me happy? Get involved in a hobby? Get involved in a social club? Ride motorcycles with my friends? Go to church?

What your mission statement might look like.
Here are a couple examples of mission statements that one may decide on.

I want to to raise a family with good moral values. I want them to learn that money isn’t everything, that it has it’s good and bad sides. I also want to instill a sense of helping and giving to charity is how we should live our lives.

or

I want to pursue a well paid career as an insurance agent. I want my family to enjoy life, including going on vacations, and not have to sweat the little things. I want my kids to know that college will be paid for when they are old enough to go.

A mission statement should help you reach personal fulfillment.
I remember a few years back as a single guy, doing nothing but working overtime and fixing up on my house. That was all I did for several years. A co-worker one day asked me if I had a million dollars, and could only spend it on fun things, what would I do. I responded “I would…uh…uh”. I always thought if I had a million dollars, I would pay off my house and put money away in investments. What would I do for fun? I struggled to come up with anything to do for fun. I had trained myself to be a worker bee so completely that I didn’t notice that time was slipping by in my life. It wasn’t all that long before I cut out my overtime, and started a more active dating life, and found my wife.

However you choose to write your mission statement is of course up to you. Just remember to set a time to revisit your mission statement, to keep yourself on track with your life’s goals, and to also change your mission statement as you need.

How to Prepare Accounting 201 Financial Statements

In accounting, there are four parts that make up the financial statements. The four parts are as follows: Retained Earnings (RE), Income Statement (IS), Balance Sheet (BS), and Statement of Cash Flows (CF). For purposes of this article, I will explain the three main parts of the financial statements that are needed in accounting 201. The three main parts that are needed are the Income Statement, Statement of Retained Earnings, and the Balance Sheet.

In order to begin your Income Statement, you must first include the header. This usually consists of Name of Company, Income Statement, and Dates for which the Income statement is being conducted for. Example: August 31, 2010 – September 30 2010. Next, must create a column for where your “Revenue” accounts can be listed. Then go over a few columns and put “Debit” and “Credit” (each in their own column). Now, you should list all of your Revenue accounts underneath the “Revenue” column. A few examples of revenue accounts are Sales and Revenue Earned. After you have listed all of your revenue accounts, you must then insert into the debit column the amount of each account. Once that is done, you then add all of your revenue accounts to come out with total amount of revenue which is then placed in the credit column. After this is done, you must then skip a space and create a new column of accounts. These accounts will be your “Expenses”. Just as before, you must now list your expenses underneath this heading. Examples of expenses are: supplies expenses, insurance expenses, and miscellaneous expenses. Once again, you must record the amount of your expenses and place them into the correct account in the debit column. After this is done, you then add all of your expenses to come out with your total amount expenses. This number is recorded into the credit column. And now to finish your Income Statement, you take your Total Revenue subtracted from your Total Expenses. This will give you the amount of your Net Income or Total Income. If you have a positive number then you are gaining money (net profit). If you have a negative number, you are losing money (net loss).

Next, you must create your Statement of Retained Earnings. Just as before, you must include your header, which contains the Name of the Company, Statement of Retained Earnings, and the Dates for which it is being calculated. To begin, you must create a column where your Retained Earnings can be listed. Once again, go over a few columns and write “debit” and “credit” (in their own columns). Now you can begin listing your accounts under Retained Earnings. These accounts will be Retained Earnings-August 31, 2010 and Net Income (the amount from September). You must then record the amount of each account into the debit column. Once that is done, you must then add these amounts together to come out with an answer which is placed into the credit column. After you have reached an answer, you must then skip a space and write Dividends into the Retained Earnings column. You must then record the amount for Dividends into the debit column. After that is finished, you then subtract Dividends from the total amount of Retained Earnings-August and Net Income to come out with your final answer for the Retained Earnings-September 2010.

Lastly, you create the Balance Sheet. Again, you must include the header (same as the previous two). To set up the Balance Sheet, you must set it up with Assets on the left, and Liabilities and Owner’s Equity on the right (it is usually easier to have your Owner’s Equity below your Liabilities). It is also important to have a Debit and Credit column for each of these categories (Liabilities and Owner’s Equity will match up if you did the one beneath the other). Now you begin to plug your accounts to where they belong. Example: Cash goes to assets, Accounts payable goes to liability, and Retained earnings goes to owner’s equity. Once that is finished, you then plug the amount of each account into the debit column. After this, we then begin to add all of the accounts together. The asset column adds all of the assets together and subtracts the amount of depreciation used on those assets to give you the Total amount of Assets. The liabilities are added together to give you the Total amount of Liabilities, and the Owner’s Equity is added together to give you the Total amount of Owner’s Equity. Once that is done, you must then add your Total Liabilities plus your Total Owner’s Equity in order to balance the amount with your Total Assets.

Accountants Cash Flow Statements & Balance Sheets

A balance sheet is a quick depiction of the financial condition of a business organisation at a particular period in time. The actions of a commercial enterprise drop into two separate areas that are reported by an accountant.They are profit-making actions, which takes sales and expenditure. This can likewise be referred to as operative activity. There are likewise actions that demand generating finance from equity and debt sources, net profit distribution to stockholders and owners, asset investment and disposing and varying one-time investment and fiscal projects.

Profit giving actions are described in the income statement; financing and investment activity are observed in the statement of cashflows. Put differently, two different finance statements are processed for the two opposite cases of transactions. The one-year growth or reduction in cash from operating actions for the year is likewise qualified in the cashflow statement, while the income statement accounts the sum of occurrent profit.

The balance sheet is different from the income and cashflow statements that describe, as it states, income of hard cash and outward cash. The balance sheet shows the totals, or amounts, or a businesses assets, indebtednesses and directors equity at an moment in time. The word balance has several meanings at different times. As it’s utilised in the phrase balance sheet, it refers to the balance of the two opposite sides of a company, total assets on one face and total financial obligations on the other. A balance sheet can be reckoned at any established instance, but, in actual fact are by and large done at regular calender points such as every month, quarterly and invariably yearly, up to and including all transactions on the final day of the account period.

It would probably be idealistic if commercial enterprise and life were as painless as developing trade goods, trading them and registering the net profit. But, In actual fact there are often considerations that interrupt the cycle, and it is part of the accountants occupation to report these too. Modifications in the business situation, or price of commodities or whatever number of matters can lead to singular or extraordinary profits and losses in a business. Singular matters that can affect the income statement can take in curtailment or restructuring the company. This used to be a rare thing in the commercial enterprise environment, but is nowadays fairly common. Commonly it is instigated to cancel losses in different areas and to decrease the price of employees remunerations and advantages. Yet, there are costs attached with this also, such as severance remuneration, outsourcing functions, and early retirement costs.

Advantages of Cash Flow Statement Helps You Run a Successful Business

In financial accounting, a cash flow statement or statement of cash flows is a financial statement that shows a company’s incoming and outgoing cash during a time period. All three statements are arranged from the same accounting information, but each statement serves its individual function. The statement of cash flow reports the movement of cash into and out of your business in a given year. Cash is the lifeblood of your company. The cash flow statement reports your business’ sources and uses of cash and the beginning and ending values for cash and cash equivalents each year. It also includes the combined total change in cash and cash equivalents from all sources and uses of cash.

Cash flow statements format planning involves forecasting and tabulating all significant cash inflows and analyzing the timing of expected payments in detail. We have highly skilled cash flow financing professionals prepare comprehensive periodic cash flow projections that can assist you in tasks such as budgeting, business planning and fund raising.

Advantages of the cash flow statement

Helps the newly formed companies to know their inflow and outflow of cash and thus prevent cash shortage
Helps the investors judge whether the company is financially sound
Cash flow statement records the inflow and outflow of cash over a period of time
We provides Cash Flow statements on monthly, quarterly, six monthly or yearly bases
Helps the company to know whether it will be able to cover payroll and other immediate expenses
These statements will be highly helpful for planning and management of future financial commitments

This helps them have an accurate analysis of the firm’s ability to meet its current liabilities. Our Accounting Firms possessing years of experience and expertise catering to the diverse requirements of global clients can help prepare periodic cash flow statements format – historical or projective. We deliver integrated Cash Flow financing management solutions that go beyond recommendations and reports.

These statements will be extremely helpful for planning and management of future financial commitments. Availing Cash Flow financing statements Format preparation support from us will act as a very useful money management tool that provides warnings in advance of periods of high expenditure and low sales. This is also a very important component in the application process for additional funding.