Check Your Cash Position

By QuickBooks Canada Team

0 min read

Always evaluate your cash position before major decisions. This includes expansion, research and development, major purchases, or equipment upgrades. Utilize a bank reconciliation to check current cash available, pending outstanding payments and deposits in transit. The balance of your current cash account may materially change due to pending transactions.

Use a cash flow statement to project the cash your operations will bring in during the short term. This financial statement will distinguish what cash is a result of business, financing or investment opportunities. In addition, the statement tracks the change in your cash position from one period to the next.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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