How Do You Make A Cash Flow Statement?
Are you struggling to pay the bills or are you trying to get ahead? A cash flow statement is a great way to see where you stand financially. In this tutorial you will learn how to make a cash flow statement and get ahead of the curve. Step 1 Start by adding up your monthly salary, any interest you earn from savings or other investments and any business income you generate. Add all of these up and you will get your total income for a month. Step 2 Now add up all of your expenses. Mortgage, school loans, taxes, car payment, retail payment, child expenses, bank loans, credit cards etc… Add all of these expenses up and you will get the total monthly expenses. Step 3 Now subtract the total expenses from the total income and this will make a cash flow statement. Hopefully your income exceeds your expenses. If you are in the negative then you should cut back on spending or get some sound financial advice. If you need a yearly cash flow statement just multiply by 12.
