Hello Community! Today we will be talking about cash flows. According to
this article in the QuickBooks Blog, having a positive cash flow is important for the success of your business. It helps make sure you can pay bills, buy equipment and inventory, Invest in new growth opportunities, & repay debt. In a cash flow statement, you will notice that there’s 3 different key types or sections. Let’s take a look at what these are:
It’s important to remember that cash flow statements provide valuable insights into your company’s finances. But business owners aren’t always sure how the different types connect. For more resources and in-depth information on how accounting statements can help you understand your company’s performance, make sure to check out the full article
here. Until next time!