How can I set or send the Cash Flow opening balance?
By default, the opening balance is set to 0. You can modify this by entering values into OpeningBalance1 for a single default view or OpeningBalance2 for a comparative period view. The report will recalculate accordingly.
Is there a way to compare Cash Flow Statements from different periods?
Yes, you can compare the Cash Flow Statement of the current period with a prior period by clicking on 'Compare to a prior period' button.
Can I select the currency for the Cash Flow Statement?
Yes, you can select the currency in which the Cash Flow Statement should be displayed. By default, it reflects the business currency. Click 'Update' after selecting the currency.
How do I select the period for the Cash Flow Statement?
You can select from predefined periods such as Monthly, Yearly, Quarterly, or choose a Custom period by specifying From and To dates.
In what formats does Akounto provide the Cash Flow Statement?
Akounto offers the Cash Flow Statement in both summary and detailed formats, catering to different user needs.
How can I export the Cash Flow Statement?
You can export the Cash Flow Statement in Akounto in both PDF and CSV formats. Simply click on "Export" to choose your preferred format.
How is the Ending Balance calculated?
The Ending Balance is derived by adding the Starting Balance to the Net Cash Change over the period.
Why is the Cash Flow Statement important?
The Cash Flow Statement reveals the actual cash inflows and outflows, offering a clearer picture of financial health than just the profit reported on the income statement. It indicates the ability to manage cash, pay debts, and fund operations.
What is a Cash Flow Statement?
The Cash Flow Statement in Akounto shows how cash has been generated and used over a specific period. It provides insights into the sources and uses of cash, crucial for assessing a company's financial health.
Can I customize the layout of the Balance Sheet in Akounto?
Yes, Akounto allows some customization options for the layout and presentation of Balance Sheets to suit your preferences and reporting requirements.
You still have a question?
Should you be unable to locate an adequate solution to your inquiry within our FAQ, please do not hesitate to contact us. Our team will endeavour to promptly respond and provide you with the necessary information.