In financial terms, a cash flow statement or statement of cash flows is a record that shows how changes in balance sheet and profit and loss statements affect cash in your business. It also provides an understanding into operating, investing, and financing activities.
As an analytical tool, the statement of cash flows is useful in determining the short-term viability of a business, particularly its ability to pay bills. If completed correctly a cash flow statement may show deficiencies in your business, it will identify potential problem areas that can be rectified.
For any organistation where you are a small business or a not for profit organisation, the most important aspect of cash flow management is avoiding extended cash shortages, caused by having a gap between the cash coming in and cash going out. You won't be able to stay in business if you can't pay your bills.
Are you having trouble paying your bills?
Don't get a loan or consider debt factoring until you have spoken with us.
If you are experiencing problems paying your bills it may be because your not monitoring your cash flow properly. A large number of businesses don't do this, principally because they don't understand the importance of doing so or they don't know how.
We work on an hourly rate (usually cheaper than accountants) and can assist you in developing a system that may solve your problems. You have nothing to lose by making contact with us. Please complete our form as the initial contact. We can help you no matter where in Australia your located. Every day you don't do something about the issue may cause you more stress than necessary.
