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> Glossary of key financial terms
Find definitions for financial terms that you may come across when you are dealing with accountants and financial institutions, or while running your business.
> Start-up costing
If you're thinking of starting a business, a start-up costing sheet can help determine how much money you need to start.
> Cash flow statement
A cash flow statement tracks all the money flowing in and out of your business and can reveal payment cycles or seasonal trends that require additional cash to cover payments.
> Profit and loss statement
A profit and loss or income statement lists your sales and expenses and helps you work out how much real profit you're making or losing.
> Balance sheet
A balance sheet is a snapshot of your business on a particular date. It lists all of your business' assets and liabilities and works out your net assets.