For a business or for an organization, the amount of money that they make is important because it is that money and that amount which makes them credible in the marketplace and among their clients and their customers. For this, they maintain a cash flow log which consists of all the details regarding the amount of money and assets that flow in the business and organization and which flow out of the business or the organization. This helps the organization or the business in knowing how much money are they getting and how much money are they spending.
A Cash flow log template is made into use which consists of various details. This Cash flow log can be divided into two aspects, one for the flow in of amount and the other for the flow out of the cash from the business. It should be made sure that each and every detail mentioned should be checked because a mistake of even a single digit could create problems for the organization.
This is why it is advised that the Cash flow log should be checked and rechecked by someone who is proficient in accounts so that there is no mishap in the future. Because businesses and organizations don’t have a lot of time on their hands and neither do they want to make use of a lot of resources, they make use of a template which helps them to make use of it for every client that they deal with. This is easier and very cost effective.
CASH FLOW LOG TEMPLATE
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