What the Heck is the Cash Flow Statement?
Sep 28, 2020 by Roger Scherping in cash flow statement, profit, cash
I talked recently with an entrepreneur who said that he feels like he understands the Balance Sheet and the Income Statement. I said, that’s great, but what about the Cash Flow Statement? He looked at me with a completely blank expression and asked, what’s that? He said he’s not familiar with the Cash Flow Statement and never runs it as a part of his month end financial review. Profit is not the same as cash! The Cash Flow Statement is the most important of the financial statements, but it’s also... [continue reading]