Checking cash-flow statements

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Andypandy
Andypandy Registered Posts: 526 Epic contributor 🐘
in AAT Level 4 (Level 8 in Scotland)
Hi folks,
Could anybody tell me if there is a way to double check whether the balances on a cash-flow are correct? (Sorry, only on 3rd week of CMCC).

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  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    The month by month total receipts should be equal to the total column total receipts.
    The same applies to total payments
    If both agree the net cash flow (movement) will automatically agree

    Closing balance for final month should = closing balance for total period
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
  • Andypandy
    Andypandy Registered Posts: 526 Epic contributor 🐘
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    Thanks Sandy.
    Regards,
    Andrea.

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