Using your cashflow statement for decision-making
Tools & Resources
Key learnings
- Early stage businesses that are looking to grow often have more money flowing out than coming in.
- Keeping your cashflow in mind when you make decisions about purchases, payments and investment is good practice.
- A cashflow statement summarises the amount of income and expenditure entering and leaving a company.
As you start and grow your business, you might find you have more money flowing out than coming in. So, it makes sense to keep your cashflow in mind when you make decisions by preparing a cashflow statement.
Here, the team at Transmit Startups have compiled eight questions that your cashflow statement can answer. Helping you to make better decisions about:
- Adjusting payment terms
- Reducing costs
- Paying off debt
- Taking on liability
- Borrowing
- Making sales
You can also download our cashflow management template to generate a statement for your company.
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