Studied by 1 personbusiness plan
document produced by the owner at start-up, which provides forecasts of items such as sales, costs and cash flow
financial plan
sales forecast, cash flow forecasts, profit & loss account, breakeven account
cash flow
an analysis of a business’ inflows and outflows over a specific period of time
cash flow forecast
a document which predicts the future inflows and outflows of a business over a period of time
opening balance
the previous month’s closing balance carried forward
closing balance
= net cash flow + opening balance
net cash flow
= total inflows - total outflows
Note
Flashcard