Sipho: ”alright, I get you but how will a cashflow statement help me? Madimetja:”Great question, to manage your business on a day to day basis I would advise that you prepare daily cash flow projections. This will help with setting targets and then comparing this to actual cashflows and where necessary you will have take corrective action. On the other hand a cash flow statement gives you a big picture of how much cash flow was generated and where it was spent for the year.
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