What is monthly cash flow statement template?
A monthly cash flow statement template is a document that helps individuals and businesses track their cash inflows and outflows on a monthly basis. It provides an overview of the sources of cash (such as revenue, loans, or investments) and the uses of cash (such as expenses, debt payments, or capital investments) during a specific period. By using a monthly cash flow statement template, users can gain insights into their cash position and make informed financial decisions.
What are the types of monthly cash flow statement template?
There are several types of monthly cash flow statement templates available, each designed to cater to different needs:
Personal Monthly Cash Flow Statement Template: This template is specifically designed for individuals to track their personal income and expenses.
Business Monthly Cash Flow Statement Template: This template is tailored for businesses to monitor their cash flows, including income, expenses, and investments.
Project-based Monthly Cash Flow Statement Template: This template is useful for tracking cash flows related to specific projects or initiatives within an organization.
Investment Monthly Cash Flow Statement Template: This template is focused on tracking cash flows related to investments, such as dividends, interest, and capital gains.
How to complete monthly cash flow statement template
Completing a monthly cash flow statement template is a straightforward process. Here are the steps to follow:
01
Download or access a suitable monthly cash flow statement template based on your requirements. You can use online platforms like pdfFiller to find customizable templates.
02
Begin by entering the starting balance of cash on hand at the beginning of the month.
03
List all the sources of cash inflows during the month, such as income from sales, investments, or loans. Categorize them accordingly.
04
Next, list all the cash outflows during the month, including expenses, debt payments, and any other cash used for investments or capital expenditures. Categorize them as well.
05
Calculate the net cash flow by subtracting the total cash outflows from the total cash inflows.
06
Enter the ending balance of cash on hand at the end of the month.
07
Review the completed monthly cash flow statement for accuracy and make any necessary adjustments.
08
Save or print the completed template for future reference or analysis.
By utilizing a monthly cash flow statement template, individuals and businesses can gain better insights into their financial health, identify areas for improvement, and make informed decisions to achieve their financial goals. pdfFiller offers a user-friendly platform to create and customize monthly cash flow statement templates, empowering users to effectively manage their cash flows and achieve financial success.
