What is Cash Flow?

What is Cash Flow?

Cash Flow explained

Your cash flow is the amount of money that's 'flowing' in and out of your business. It tracks your expenses and your income to show you, at a glace, how much cash you have on hand at any moment. Seeing your cash flow helps you know whether you’re able to cover all kinds of important short term expenses like bills and employee wages.

Your Dashboard takes the information from your Income and Expenses and turns it into a dynamic graph of your cash flow. 
 

Understanding Cash Flow Entries

Your Income section records all receipts (money you receive) - by cheque, cash, credit card, or direct transfer. You will record the details of each receipt, allocate them to a column that indicates what the receipt was for and then record what you did with it – deposit it in the bank or not. 

See more information on: A guide to Income

Your Expenses section records all payments - by cheque, by cash or directly from the bank. Similar to Income, you need to record the details of each payments, allocate them to a relevant column that indicates what it was for and select how it was paid. 
 
See more information on: A guide to Expenses

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