The cash flow statement gives you a graphic view and summary of your bank activity for a specific period. Any outstanding VAT or payroll liabilities due will also show.
The graph displays the bank accounts Balance, Cash FlowIn and Cash Flow Out. In the screenshot below, see where you can select and deselect one of these to change the graph view.
EXAMPLE:
To view only cash flow out for the period, select the Balance and Cash Flow In to remove them from the graph.
The graph is designed to show trends throughout the period, so the specific date of a transaction won't always line up with the graph. Use a shorter period to see more accurate transaction dates.
Alternatively see View the detailed version section to get a transactional breakdown.
Graph breakdown
Below the graph you'll see the total opening balance, bank activity and closing balance for the period and banks you selected.
Opening Balance
This is the net value of money in and out less any liability from the date you selected above.
Cash Flow In
This includes the total value of your:
Customer receipts
Supplier refunds
Other receipts
Bank transfers and deposits
Cash Flow Out
This includes the total value of your:
Supplier payments
Customer refunds
Other payments
Bank transfers
Closing Balance
The total cash flow in less the total cash flow out for the period you selected.
Liability to offset
The liability includes any outstanding vat or payroll tax due for the current and previous periods whatever date you select.
This calculation will only work for a Standard VAT scheme and doesn't apply to the flat rate scheme.
Net Balance
The Net balance will deduct the VAT liability from the Closing balance for this period.
.