My cash flow adventures
Exactly yesterday at this time I sat on a statement
of cash flows. Apparently I was preparing cash flow probably the
thousandth time, and the case should be simple, but something was not
right. It took two hours despite the company was simple but the
calculation seemed non-understandably difficult. It was to be a piece of
cake and manual calculation calculator should be OK. However, I gave up
at some point. Normally doubted my abilities! But , I decided to go to http://24ivalue.com/ on your account and make calculations with the
use of what he came up with yet . Probably already forgotten why we
created this system ... After 15 minutes cash flow statement was ready
and it is true ... I printed ready statement and checked where the
problem with the previous calculation occurred. I found it! The reason
was that there were two changes in the balance placed with the wrong
sign. The classic problems with this statement, isn?t it? The amounts
were OK , but this .... sign was NOT. Probably a lot of other people
will meet the same problem as I did, and it happens each year-end
closing?
Feel free also to check http://24ivalue.com/pages/elearning/book/3/page/4/ training page,
which is given a quick way to prepare cash flow outside the 24easyaudit
system. If someone wants, should try this method but rather only with
easy charts. When you have more and some non-routine transactions , it
is better to use something more expert.
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