cash statement Archives | Numbers Knowhow https://numbersknowhow.co.uk/tag/cash-statement/ Cash flow and financial planning made easy Thu, 21 Mar 2024 13:48:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://numbersknowhow.co.uk/wp-content/uploads/2022/02/cropped-Favicon-Cog.png cash statement Archives | Numbers Knowhow https://numbersknowhow.co.uk/tag/cash-statement/ 32 32 Financial Statements Explained https://numbersknowhow.co.uk/financial-statements-explained/ Sat, 22 Jul 2023 10:26:39 +0000 https://numbersknowhow.co.uk/?p=11565   Financial statements explained is the topic of this blog (and vlog). And it will serve as a guide to you so that you can better understand them.  Why do you need to know about financial statements? Because the financial statements form the bedrock of any company. Therefore, understanding them and how they work gives you insight and clarity. In this video, I’ll walk you through: What each statement is, The content of those statements, Why it’s important to understand these documents. Financial statements explained There are 3 types of financial statements, and they are: 1. The cash statement It summarises where the cash in your business comes from, and where it goes. 2. The profit statement Also called the P&L, or profit/loss statement. It shows you your company’s profit and loss over a given period of time. 3. The balance sheet It’s a financial statement of the assets and liabilities of a business at one particular point in time. Benefits Undoubtedly, these documents give you, as a business owner, the numbers of the company and show you: how your business is performing financially, and where you stand in terms of your cash flow. Certainly, this can be overwhelming for […]

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