Tools, Templates & GuidesÂ
Cash Flow Statement Template
Why a Cash Flow Statement Matters
A cash flow statement tracks all the money flowing in and out of your business. You can use your cash flow statement to:
- Identify payment cycles and seasonal trends
- Forecast your future business finances
- Help predict shortages and surpluses
- Plan ahead to ensure you always have money to cover payments
Creating Your Cash Flow Statement
To assist you in setting up your cash flow statement, we offer a comprehensive template. This tool is designed to help you plan your business payments effectively.
Components of the Cash Flow Statement
For each year, you’ll need to fill in actual or estimated figures against each of the below items. If you use estimated costs, you’ll need to label and justify them clearly. You’ll also need to clearly state on your cash flow statement whether your figures are GST inclusive or exclusive.
Opening Balance: In the first month, this will be your opening bank balance. In subsequent months, it will be the closing balance from the previous month.
Cash Incoming: Money flowing into the business, such as sales, debtor receipts, grants, and tax rebates.
Total Incoming: Sum of all cash incoming items.
Cash Outgoing: Payments made by your company, including accountant fees, advertising and marketing, purchases, rent and rates, and utilities.
Total Outgoing: Sum of all cash outgoing items.
Monthly Cash Balance: Calculated by subtracting the total outgoing cash from the total incoming cash.
Closing Balance: Determined by adding the opening balance and total incoming, then subtracting total outgoing.
By diligently maintaining and reviewing your cash flow statement, you can anticipate financial challenges and make strategic decisions to ensure your business’s financial stability.
Download Our Free Cash-Flow Template
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- In Person:Â Visit our conveniently located office at 45 Hunter St, Newcastle, NSW, 2300.
- Online:Â Schedule a virtual appointment via Zoom or Teams for added convenience.
- Mobile Tax Services: Benefit from the flexibility of having our expert CPA Newcastle accountants come to you for tax assistance.
- Onsite Services:Â Enjoy personalized services delivered directly at your place of business.
Ready to streamline your bookkeeping processes and achieve greater financial clarity? Contact Bottrell Accounting today to schedule a consultation with one of our Newcastle bookkeepers. Let us help you take the hassle out of bookkeeping so you can focus on what you do best—growing your business.
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Bottrell Accountants Main Website – www.bottrellaccounting.com.au
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Profit and Lost Template
Importance of a Profit and Loss Statement
Regularly preparing a P&L statement allows you to:
- Assess your business’s financial health by comparing income against expenses.
- Identify trends in revenue and expenditure, facilitating strategic planning.
- Set realistic sales targets and determine appropriate pricing for your products or services.
Components of a Profit and Loss Statement
To create an effective P&L statement, include the following elements:
Sales (Revenue): Total income generated from selling goods or services.
Cost of Goods Sold (COGS): Direct costs attributable to the production of the goods sold by your business.
Gross Profit: Calculated by subtracting COGS from total sales.
Operating Expenses: Costs incurred during regular business operations, such as:
- Accounting fees
- Advertising and marketing
- Rent and rates
- Utilities (electricity, gas, water)
- Insurance
Total Expenses: Sum of all operating expenses.
Net Profit: The remaining income after deducting total expenses from gross profit.
Creating Your Profit and Loss Statement
To assist you in setting up your P&L statement, we offer a comprehensive template. This tool is designed to help you systematically record and analyze your financial data, providing a clear picture of your business’s profitability.
Download Our Free Profit and Loss Template
Budget Template
Why a Budget is Crucial
A budget is your planned income and spending. It helps you to allocate funds for particular items and activities. Your budget also helps you to:
- Set business goals
- Make informed business decisions
- Secure financing
Creating Your Budget
To assist you in developing a tailored budget, we offer a comprehensive template. This tool is designed to help you systematically plan and monitor your financial activities, ensuring that your resources are allocated effectively to support your business’s growth and sustainability.
Monitoring and Adjusting Your Budget
Regularly reviewing your budget against actual financial performance is vital. This practice enables you to:
- Identify variances between projected and actual figures
- Adjust spending to address unforeseen expenses or changes in revenue
- Make strategic decisions to optimize financial outcomes
By diligently creating and maintaining a budget, you establish a solid foundation for your business’s financial management, facilitating informed decision-making and long-term success.
Download Our Free Budget Template
Our Accounting Services
Data Entry and Recordkeeping
Ensure your financial records are accurate and up-to-date with our professional data entry and recordkeeping services. Our experienced team will meticulously enter and organize your financial data, providing you with reliable information for informed decision-making..
Bank Reconciliation
Stay on top of your finances with our bank reconciliation services. We'll regularly reconcile your bank statements with your financial records to identify discrepancies, ensure accuracy, and maintain financial integrity.
Accounts Payable and Receivable Management
Optimize your cash flow and streamline your financial processes with our accounts payable and receivable management services. From invoicing and payments to collections and reconciliations, we'll ensure smooth operations and timely payments.
Financial Reporting
Gain valuable insights into your business's financial health with our comprehensive financial reporting services. We'll prepare and analyze profit and loss statements, balance sheets, and cash flow statements to help you make informed decisions and drive growth.
Payroll Processing
Simplify your payroll process and ensure compliance with our professional payroll processing services. We'll handle all aspects of payroll, including calculating wages, deductions, and tax withholdings, so you can focus on managing your business.
GST and BAS Lodgements
Stay compliant with taxation requirements with our GST and BAS lodgement services. Our experts will prepare and lodge your GST and BAS returns accurately and on time, saving you time and ensuring compliance with regulatory obligations.
Why Choose Bottrell Accountants & Financial Advisors?
At Bottrell Accountants & Financial Advisors, we pride ourselves on delivering exceptional services backed by decades of experience with our Bookkeeping services for small and medium businesses. Here’s why you should choose us:
Why Choose Bottrell Accountants & Financial Advisors?
- Over Three Decades of Expertise:
- With more than 30 years in the industry, our team brings a wealth of knowledge and practical insights.
- Over Three Decades of Expertise:
- Qualified Accountants, Tax Agents & Financial Planners:
- Our skilled professionals include Chartered Accountants (CA), Certified Practicing Accountants (CPA), tax agents, financial planners, and bookkeepers.
- We cover all aspects of accounting, taxation, and financial planning.
- Qualified Accountants, Tax Agents & Financial Planners:
- Personalized Service Tailored to Your Needs:
- We understand that every client is unique. Our personalized approach ensures that your specific needs are met.
- Personalized Service Tailored to Your Needs:
- Local Expertise in Newcastle & Maitland:
- As your trusted CPA Newcastle, we have a deep understanding of the local business landscape.
- Local Expertise in Newcastle & Maitland:
- Dedicated Team Committed to Your Financial Success:
- Our commitment extends beyond numbers. We’re dedicated to helping you achieve your financial goals.
- Dedicated Team Committed to Your Financial Success:
- Local Expertise in Newcastle & Maitland:
- As your trusted CPA Newcastle, we have a deep understanding of the local business landscape.
- Chartered Accountants (CA)
- Certified Practicing Accountants (CPA)
- Tax Agent
- Financial Planners
- Bookkeepers
12+ Years Experience
With over a decade of experience, trust Bottrell Accountants & Financial Advisors for seasoned financial expertise.
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Benefit from the knowledge and expertise of our certified accountants, who excel in their respective fields.
Qualified Accountants
Our team of chartered accountants & CPA, with over a decade of experience, brings a deep understanding of East Maitland's business landscape.
Specialist Services
Explore our specialized tax services, covering everything from individual income tax to corporate tax planning. Specialist bookkeeping for hospitality and retail businesses
