If I was to ask you how your company is performing, what would you say? If I was to guess at what you would say it may sound something like the following - "We are doing pretty well, you know how it is." Now, that's not necessarily a wrong answer, but it most definitely lacks for specifics.
In a previous post, we introduced you to financial analysis by analyzing an Income Statement. In this post, we are going to take your financial analysis skills one-step further and learn how to analyze a Balance Sheet.
The Cash Flow Statement is perhaps the most telling Small Business financial statement. It's telling because the Cash Flow Statement measures all of the cash inflows and outflows of your business.