Cash flow, or the statement of cash flows, provides an overview of the overall financial situation of a specific company over a given period. It offers a summary of the company's finances, not its accounting profit. It is a mandatory component of the financial statements for those accounting entities that prepare their statements in full scope.
This covers income/expenditure related to obtaining or returning resources for business operations. Typically, this includes receiving bank loans and repaying them, issuing bonds and shares, repaying bonds, and paying dividends.
The accounting output "Statement of Cash Flows (Cash Flow)" is available for Premium.
How to do it in ABRA Flexi?
Creating the "Statement of Cash Flows"
The wizard for creating the Statement of Cash Flows can be found on the workspace of the "Accounting" module under the "Accounting Outputs" menu.
After selecting the output, a prompt will appear asking whether you want to only display the report or also recalculate it.
If you select "Display", the "Report List" will appear:
Recalculating the "Statement of Cash Flows"
If you select "Recalculate", you will first be informed about the current recalculation of the Profit and Loss Statement report, from which data is transferred to the Statement of Cash Flows.
Next, the "Specify Account Placement in the Report" form will appear, where you select the placement of accounts within the report.
If we have never generated this output in ABRA Flexi before, or if we have added new accounts or the print form has changed, it is necessary to select the report rows for certain accounts to determine which row their values should fall into. You can only choose from the row options on which the account may appear. Once you fill in the rows here, they will remain filled in until the output form changes.
Calculation and Period Settings for the "Statement of Cash Flows"
If we check the Change default previous period option, we can define the period that will appear in the column for the previous year. This feature is particularly useful when generating a report for only part of the accounting period and we want to compare the values with the same part of the previous period.
Period
Use the drop-down list to select the desired year.
From
To
Change default previous period
Specify the range of the previous period.
Rounding
No rounding
Round to whole units
Round to whole thousands
Cost Centers
Use the arrows to select the cost centers you want to include in the balance sheet.
All cost centers
Check this option to select all cost centers.
Click the "Calculate" button to compute the report.
Printing the "Statement of Cash Flows"
Using the "yellow printer" icon in the top menu, you can then display the Statement of Cash Flows form that you currently need.
Account Breakdown of the "Statement of Cash Flows"
If your Statement of Cash Flows does not add up, we recommend using the Report Lines (Account Breakdown) report, where you can find out which specific accounts appear on a given line.
The top menu displays the name Cash flow 2017, but this does not mean that the cash flow is being calculated for the year 2017 — it simply means that the form has not changed since 2017 (the period for which the cash flow is calculated can be found in the second row).
Other accounting outputs such as the Balance Sheet, Profit and Loss Statement, etc. can be found in the Accounting / Accounting Outputs section. The types of individual forms displayed depend on the type of organization (whether you use tax records or full accounting).