Cash Flow Statement
It is another good time to tidy up your financials for the month.
How updated is your cash flow statement?
A cash flow statement is a financial statement that portrays how businesses spend their cash. It is necessary for a financial statement for companies to summarize the amount of cash and cash equivalents entering and leaving the company’s coffers. You need good records to monitor the progress of your business. It shows whether your business is improving, which items are selling, or what changes you need to make. Good records can increase the likelihood of business success.
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