In this video, we explain what a cash flow statement is, how to read a cash flow statement, how to create a cash flow statement, and give reallife examples. We even include a downloadable template so you can create your own cash flow statement. Learn more about cash flow statements here: https://bit.ly/2OFarfp
A cash flow statement tells you how much cash is entering and leaving your business. Along with balance sheets and income statements, it’s one of the three most important financial statements for managing your small business accounting and making sure you have enough cash to keep operating.
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Helpful Resources:
▪ What is Cash Flow and How Can You Effectively Manage It?:
https://bit.ly/3u97Zgu
▪ Cash Flow Statement Template:
https://bit.ly/3wcwyuU
▪ Cash Flow Forecasting Template:
https://bit.ly/3uaTXLD
Let us know your thoughts about how to read and understand cash flow statements in the comments below, and don’t forget to subscribe to our channel for more content about cash flow statements!
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Timestamps:
0:00 Introduction
0:36 What is cash flow?
2:07 What is a cash flow statement?
2:46 How cash flow statements work
2:53 Cash from operating activity
3:45 Cash from investing activities
4:06 Cash from financing activities
10:48 How to improve cash flow
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With Bench, you get a bookkeeping team to complete your monthly books and help you make decisions to support the best interests of your business. We’ve helped thousands of small business owners take back more time to focus on doing what they love! With Bench on your team, you’ll have properly completed books to help you:
1. Get realtime insights into the financial health of your business
2. Manage your expenses with detailed expense tracking
3. Use bookkeeping records for loan applications and loan forgiveness
4. File your taxes at tax time with our annual financial package, and make the most of your tax deductions
Plus, if you ever have questions, your dedicated team of experts are just a quick message away in the Bench app.
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About Bench:
We're an online bookkeeping and tax prep service powered by real humans. With Bench, you get a dedicated team of experts to track every detail for you. Your bookkeeping team imports bank statements, categorizes transactions, and prepares financial statements every month. Come tax season, we handle the tax prep and filing, and even offer yearround tax advisory support.
#Accounting #CashFlow #SmallBusiness