In this lesson, you will learn how to generate the Cash Flow Statement under Financial Statements in Parsimony.com.
The Cash Flow Statement is a financial statement that summarizes a company’s cash inflows and outflows over a specific period. It is important because it provides insight into a company’s liquidity, or its ability to generate cash and pay its bills. The statement is broken down into three sections: operating activities, investing activities, and financing activities.
To generate the Cash Flow Statement in Parsimony.com, follow these steps:
- Log in to your Parsimony.com account and navigate to the Financial Statements section.
- Click on the Cash Flow Statement tab.
- Select the date range for the statement you want to generate.
- Choose the format for the statement (i.e., direct or indirect method).
- Click on the Generate button.
- The Cash Flow Statement will be generated and displayed on the screen.
- You can download or print the statement for your records.
By learning how to generate the Cash Flow Statement in Parsimony.com, you can gain valuable insights into your company’s cash flows and make informed financial decisions.