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The cash flow statement is divided into operating, investing, and financing activities, linking cash flow with balance sheet changes and net income. Begin by defining the assumptions and drivers that will influence the model. These include growth rates, cost structures, working capital requirements, tax rates, and other factors impacting each financial statement. Financial forecast: Process […]

After your date or record, your liabilities will increase and your retained earnings will decrease. Then after the payment, both your cash account and your liability will be reduced. To demonstrate the journal entries required when a cash dividend is declared and paid, let’s return to the above example. The amount and regularity of cash […]

Shopify provides a drag and drop layout to help you customize your online store to reflect your brand, aesthetic and product range. You can customize pre-existing themes at no additional cost, or you can hire a web designer to build a bespoke theme for you. Read our article on how to set up an Etsy […]

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