Managing business cash flow and forecasting
This lesson is locked 🔒
This lesson is exclusively available to UpFlip Academy members. Start your free trial now using the form below to gain instant access to this and other exclusive content.
10-day free trial
No contracts
Cancel anytime
Course description
Managing the cash flow of your business is crucial for its survival and growth. In this lesson, we'll explore how to use tools like QuickBooks and cash flow projections to track and manage your business's finances effectively.
KEY TAKEAWAYS
-
Running a statement of cash flows in QuickBooks provides a snapshot of where your business’s money is coming from and where it is going.
-
Understanding all components on a balance sheet, including owner’s draw, is vital for accurate cash flow analysis.
-
Cash flow projections can help you predict future cash scenarios and should be used as you make decisions about increasing revenue or decreasing expenses.
Resources
Managing business cash flow and forecasting Transcript
🔒 Step 8 - Accounting > Managing business cash flow and forecasting