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General Accounting Discussions: Cash Flow Cash Basis

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    • CommentAuthordaycorp
    • CommentTimeMay 14th 2008
     
    I use Quick Books Pro for my cleaning business. Our revenues are about $40,000 per month.
    I use a cash basis, not accrual accounting method.

    I can't figure out how to run accurate statement of cash flow reports in quick books.
    So, I'm wondering, if I ran a "quick report" of my checking account that would include
    all deposits, and all checks/paychecks/eft trasacations etc out of the checking account,
    would this basically give me a good "snap shot" of my cash flow? I'm simply not understanding
    why (in a cash basis method) I can't just look at my bank statement and see okay, the beginning
    of the month we had $7000 at the end we have $6500, and realize the same information as running a
    statement of cash flow without worrying about liabilites/payables/receiveables etc if I am using the
    cash basis for accounting? SOS
    • CommentAuthormomma4_5
    • CommentTimeMay 14th 2008
     
    Did you try running an actual Cash Flow statement in your QuickBooks??? Regardless if you have Rec/pay/etc. you should still be able to run a cash flow statement. Go to the report center, choose company and financial, scroll to the bottom section and hit cash flow statement. Enter the dates and hi refresh. This will give you the report you need. Good luck

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