Your cash flow statement shares with you exactly how much money has been coming into your business and how much has been going out. You will need this at tax time to determine your business’s overall profits.
For example…
If you are looking to sell your business or want to apply for a loan, you will need a cash flow statement from the last financial year (at the very least) to demonstrate how successful it is once the staff expenses, cost of rent and bills have been paid.
