Small Business Accounting: Cash Flow Statements

https://www.youtube .com/watch?v=wROrC2sHd8k

In this video, we explain what a cash flow statement is, how to read a cash flow statement, how to create a cash flow statement, and give real-life examples. We even include a downloadable template so you can create your own cash flow statement. Learn more about cash flow statements here: https://bit.ly/2OFarfp A cash flow statement tells you how much cash is entering and leaving your business. Along with balance sheets and income statements, it’s one of the three most important financial statements for managing your small business accounting and making sure you have enough cash to keep operating. *** Check Out These Other Videos You Might Like: ▪ Bookkeeping Basics for Small Business Owners:

▪ How to Read a Balance Sheet (and Make Your Own):
▪ Accounting Basics For Small Business Owners:
Helpful Resources: ▪ What is Cash Flow and How Can You Effectively Manage It?: https://bit.ly/3u97Zgu ▪ Cash Flow Statement Template: https://bit.ly/3wcwyuU ▪ Cash Flow Forecasting Template: https://bit.ly/3uaTXLD Let us know your thoughts about how to read and understand cash flow statements in the comments below, and don’t forget to subscribe to our channel for more content about cash flow statements! *** Timestamps: 0:00 – Introduction 0:36 – What is cash flow? 2:07 – What is a cash flow statement? 2:46 – How cash flow statements work 2:53 – Cash from operating activity 3:45 – Cash from investing activities 4:06 – Cash from financing activities 10:48 – How to improve cash flow *** Join Our Growing Community Of Small Business Owners: Facebook: https://www.facebook.com/BenchAccounting/ Instagram: https://www.instagram.com/benchaccounting/ Twitter: https://twitter.com/bench LinkedIn: https://www.linkedin.com/company/benchaccounting/ *** How Bench Can Help: Try us for free – we’ll do one month of your bookkeeping and prepare a set of financial statements for you to keep: https://bit.ly/2Wt6MoY With Bench, you get a bookkeeping team to complete your monthly books and help you make decisions to support the best interests of your business. We’ve helped thousands of small business owners take back more time to focus on doing what they love! With Bench on your team, you’ll have properly completed books to help you: 1. Get real-time insights into the financial health of your business 2. Manage your expenses with detailed expense tracking 3. Use bookkeeping records for loan applications and loan forgiveness 4. File your taxes at tax time with our annual financial package, and make the most of your tax deductions Plus, if you ever have questions, your dedicated team of experts are just a quick message away in the Bench app. *** About Bench: We’re an online bookkeeping and tax prep service powered by real humans. With Bench, you get a dedicated team of experts to track every detail for you. Your bookkeeping team imports bank statements, categorizes transactions, and prepares financial statements every month. Come tax season, we handle the tax prep and filing, and even offer year-round tax advisory support. #Accounting #CashFlow #SmallBusiness

21 thoughts on “Small Business Accounting: Cash Flow Statements”

  1. How this will works in a scenario like mine.
    Let’s say we planning to open small business (Soap Factory). Total of 4 persons owned the business. We decided to collect $5000 each (Which is $20,000) to start the business and we collect all money in business account.
    1) For Operating Activities:
    – Spending on soap materials
    – Spending on employees
    – Spending on building rent
    – Revenue from Soap sales
    2) For Investing Activities:
    – Purchase of Soap machine
    3) For Financial Activities:
    – Cash received from bank
    – Cash spend on loan repaid

    My question is how do we label money that we collected to start the small Business? I guess, what’s the name for it?

    PS: I’m loving your videos. We decide to open a small business so I decided to research on ACCOUNTING.

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