If you’re starting a business in Nashville, one of the most important tools you’ll need in managing your finances is your cash flow statement. This report details your cash position at any given time and shows how money goes in and out of your business.
The cash flow statement may be prepared monthly, quarterly, semi-annually, or annually, depending on how often you need it. Your accounting firm can do the report for you, but you can also do it on your own, especially if you use accounting software, such as QuickBooks. Ask your CPA for guidance on how to set up your software and virtual books so you get accurate financial statements every time.
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