Where has Cash Flow Analysis gone. I don't know of any small business operater that doesn't rely on cash flow analysis 30/60/90 days, It's been in every version of MYOB that I am aware of, why omit i...
Reports: Cash Flow Analysis
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12 years agoPartner
This is a really useful report and as an accountant, I have recommended the use of this to clients to assist in management of cashflow - seeing the actual dollars that make up the 'required bank balance' is better than any graphical representation - bring this report back to AR 2013 please!
- DuncanS12 years agoUltimate Partner
Jocelyn,
I am impressed that as an accountant you assist your clients with cashflow.
My hope with Cloud Accounting is that many more Tax Agents will become regular Business Advisers.
MYOB has a Cash Flow Statement which traditionally reports on operating, investing and financing activities.
The most common question from business owners may be "Where is the Cash".
The Cash Flow Statement will show whether the proprietor is drawings more money than the profit.
I have not used the CashFlow Analysis Report with clients but can appreciate the importance of knowing when outflows might occur - internet banking has improved this information over the years.
I would suggest that a snapshot of future cash outflows should be an essential part of a dashboard.
Why is it that Tax Agents do not provide a Cash Flow Statement in a Special Purpose Financial Report? Is it the cost? Is it that Financial Statyements prepared some 10 months after 30 June (especially if no tax planning has ocurred) could be deemed to be compliance obligation for the ATO.
Lets hope that many more business owners have Tax Advisers who take an interest in the business continually during a FY.
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