Cash Flow Statements
Cash flow statements are an important part of any small business. Regardless of your industry, knowing how to get the reporting right is important. Managing cash flow requires you to have an intimate knowledge of what cash flow statements are and how they can guide your business. Fail to do so, and you might find yourself in hot water with the ATO. Worse, you may wind up needing to close your doors for good. What is a statement of cash flow? A cash flow statement is a key financial document that shows how much cash is flowing in and out …