The article helps you create and understand Cash Flow Forecast report and Statement of Cash Flows report in QuickBooks.
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.
To create the report, go to the Reports menu, select Company & Financial then click Cash Flow Forecast.
The following are displayed on the report. To see a list of transactions that make up an amount, double click the amount.
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.
To run the report, go to the Reports menu, select Company & Financial then click Statement of Cash Flows.
Five areas are calculated depending on how you have set up your company.