Generating a cash flow report every month enables you to compare data over time and plan your future cash flow.
While a monthly cash flow plan is useful for both business and personal accounting. If you are a business the report generated from this monthly cash flow plan, along with the income statement and balance sheet, contributes to your business's financial statement or annual report.
The primary concern of the monthly cash flow plan is to present an overview of the financial activity experienced throughout the month.
In this checklist, you'll be guided through the structure and method of creating a monthly cash flow plan.
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Watch the short video below for a brief overview of the cash flow statement.