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Create and understand Cash Flow Forecast and Statement of Cash Flows reports

The article helps you create and understand Cash Flow Forecast report and Statement of Cash Flows report in QuickBooks Desktop.

The Cash Flow Forecast Report

Forecasting allows you to make predictions about future revenue and cash flow, as well as assess 'what if' scenarios to help you make better decisions for your business. A forecast can be created from scratch or from actual data from the previous fiscal year. A forecast is uniquely identified by its fiscal year, and if desired, further identified by Customer:Job or Class.

The Cash Flow Forecast report helps you forecast how much cash you'll have by projecting your cash inflows, cash disbursements, and bank account balances on a week by week basis.

The Statement of Cash Flows report

The Statement of Cash Flows report is a major financial statement used to track the flow of working capital into and out of a business during an accounting period.

  • It is also known as the the Statement of Changes in Financial Position and as the Sources and Uses statement, meaning the Sources and Uses of cash.
  • It is designed according to Generally Accepted Accounting Principles (GAAP).
  • It is one of four basic financial statements accepted by the Financial Accounting Standards Board (FASB) with the (1) Balance Sheet, (2)Profit & Loss and (3)Statement of Changes in Retained Earnings.
  • It displays the change of a company's financial position over a period of time, calculated from the starting cash, adding changes from non-cash accounts, resulting in the ending cash.
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