Improve your financial management with our Cash Flow Statement Template on Google Sheets. Track income, expenses, rectify discrepancies, and secure business health.
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Identify all sources of income
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Document the total income from each source
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Take note of all fixed business expenses
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Document the total amount for each fixed expense
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Identify and list all variable expenses
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Document the total cost of each variable expense
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Calculate total income
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Calculate total expenses
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Calculate net cash flow by subtracting total expenses from total income
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Input all data into the Cash Flow Statement Template
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Review all values for accuracy
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Identify any discrepancies
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Resolve any discrepancies identified
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Confirm the numbers make sense financially
15
Approval: Financial Adviser
16
Finalize the Cash Flow Statement
17
Save and secure the final Cash Flow Statement
18
Distribute the Cash Flow Statement to relevant parties
Identify all sources of income
Identify all the different sources of income for the business. These may include sales revenue, rental income, investment income, etc. Consider both recurring and one-time income sources.
Document the total income from each source
Record the total income generated from each source identified in the previous task. This will provide an overview of the revenue generated from each income stream.
Take note of all fixed business expenses
Identify and list all the fixed business expenses that occur regularly and in a predictable manner. These expenses may include rent, utilities, insurance, salaries, etc.
Document the total amount for each fixed expense
Record the total cost for each fixed expense identified in the previous task. This will provide an overview of the total amount spent on each fixed expense category.
Identify and list all variable expenses
Identify and list all the variable business expenses that may vary in amount or occur irregularly. These expenses may include marketing costs, supplies, maintenance, etc.
Document the total cost of each variable expense
Record the total cost for each variable expense identified in the previous task. This will provide an overview of the total amount spent on each variable expense category.
Calculate total income
Calculate the total income by summing up the total income from each source. This will provide an overview of the total revenue generated by the business.
Calculate total expenses
Calculate the total expenses by summing up the total amount for each fixed and variable expense. This will provide an overview of the total expenses incurred by the business.
Calculate net cash flow by subtracting total expenses from total income
Calculate the net cash flow by subtracting the total expenses from the total income. This will provide an overview of the cash flow position of the business.
Input all data into the Cash Flow Statement Template
Transfer all the calculated values for income, expenses, and net cash flow into the Cash Flow Statement Template to create a comprehensive financial statement.
Review all values for accuracy
Double-check all the values entered into the Cash Flow Statement Template to ensure accuracy and consistency. Review any calculations performed to identify any errors or discrepancies.
1
Total income
2
Total expenses
3
Net cash flow
Identify any discrepancies
Analyze the Cash Flow Statement Template to identify any discrepancies or inconsistencies in the calculated values. Look for any unexpected variations or errors that may need to be resolved.
Resolve any discrepancies identified
Investigate and resolve any discrepancies or inconsistencies identified in the previous task. This may involve double-checking calculations, reviewing supporting documentation, or consulting with relevant stakeholders.
Confirm the numbers make sense financially
Evaluate the financial viability of the cash flow numbers by analyzing them in the context of the business's overall financial goals and objectives. Consider any constraints or limitations that may impact the financial health of the business.
1
Total income
2
Total expenses
3
Net cash flow
Approval: Financial Adviser
Will be submitted for approval:
Calculate net cash flow by subtracting total expenses from total income
Will be submitted
Finalize the Cash Flow Statement
Make any necessary adjustments or updates to the Cash Flow Statement Template based on the findings from the previous tasks. Ensure that the statement accurately represents the cash flow position of the business.
Save and secure the final Cash Flow Statement
Save and secure the final version of the Cash Flow Statement. This ensures that the statement is protected and can be accessed for future reference or analysis.
Distribute the Cash Flow Statement to relevant parties
Share the Cash Flow Statement with relevant parties such as stakeholders, investors, or internal team members. This ensures transparency and provides a clear understanding of the business's cash flow position.
