![]() ![]() You can also create custom expense categories, making it easier for small business owners to read and understand. For most small businesses, the P&L Report is an easier report to assess overall financial health. That’s where the Profit and Loss (P&L) Report comes in-especially if your client’s looking to self-serve. While they’ll be able to get a sense of whether or not they have a cash flow problem, they might struggle with deciphering how they’re actually doing. When you really get into it, some business owners might find cash flow statements a little too complicated. Help Clients See the Bigger Picture of How They’re Doing It separates transactions under 3 categories: Cash flow from operations, cash from financing (e.g., loans), and cash flow from investing (e.g., your client investing in their own business). The Cash Flow Report is a reconciliation of the cash account. The Cash Flow Report is great for helping your clients assess whether they’ll have enough cash available to pay bills, the source of cash coming in, or their net cash change over time. In FreshBooks, the Cash Flow Report includes all cash inflows and outflows, which are transactions that have impacted any Cash Accounts in your clients’ books. When you think of cash flow forecasting or analysis, the cash flow statement is likely the first financial report that comes to mind. Show Your Clients How to Track Their Cash Flow Using FreshBooks 5 Ways to Work Better With Your Clients in FreshBooks, for Accountants.Accountants: How to Manage Your Clients’ Chart of Accounts in FreshBooks.
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