Learn About Cash Flow in QuickBooks Enterprise - Reporting and Best Practices

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Call brief
Kathryn from Fourlane discussed the importance of understanding cash flow in QuickBooks Enterprise, including how to read the statement of cash flows, the cash flow forecast report, and a 13-week cash flow model in Excel. The key highlights were the explanation of how changes in current assets and liabilities impact the cash flow statement, the use of the cash flow forecast report to anticipate future cash inflows and outflows, and the creation of a detailed 13-week cash flow model to better manage the company's financial situation and respond to changing business needs.

Key points
1. The Fourlane expert discussed the importance of the statement of cash flows in understanding a business's cash position and how it changes over time.
2. The cash flow statement is broken into three sections: operating activities, investing activities, and financing activities.
3. Changes in current assets and liabilities on the balance sheet are reflected in the operating activities section of the cash flow statement.
4. The investing activities section shows cash used for purchasing fixed assets like a forklift and delivery van.
5. The financing activities section shows cash used to pay down loans and make distributions to owners.
6. QuickBooks also offers a cash flow forecast report to predict future cash inflows and outflows.
7. Kathryn demonstrated a 13-week cash flow model in Excel that incorporates detailed AR, AP, payroll, and other cash flow data.
8. The 13-week cash flow model allows businesses to proactively manage their cash position and make informed decisions.
9. Measuring and managing cash flow is crucial for businesses to respond to changing conditions and maintain control.

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