financial statements

cash flow

Cash Flow Statement

Even if you do the bare minimum regarding financial reporting, Cash Flow Statements can be critical. Cash flow is vitally important whether you are in the start-up phase or have been operating for a while. Your business may be making a decent profit (on paper) but if you do not have enough cash coming in to pay the bills, you … Read more

what is an income statement

What are Income Statements?

What are Income Statements? They are one of the critical financial statements that you will need to develop for your business. An Income Statement is a historical document that provides information about the business performance in a prior period. A proforma Income Statement is a planning tool used to estimate future performance. What is an Income Statement? The Income Statement … Read more

Business Financial Plan

One of the important sections in a small business plan is the financial plan for the business, particularly during the startup phase. Many larger organisations will continue the business financial planning process by forecasting an annual budget for a period of years (often 3 – 5 years). The financial plan or budget is then used as an operation planning tool … Read more