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Sep 22, 2023 5:24 PM UTC
Question

What is the point of the cash flow if it doesn't come close to predicting based on past history? It is obviously inaccurate whenever I look as it.

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1 reply

Sep 22, 2023 7:09 PM UTC

I understand that it's important for the software to produce accurate information to cater to your business needs, @joe-polasik 

 

Since cash flow measures money inflows and outflows of your business during a given period, we'll have to check again if the entered transactions are correct. 

 

Here's how to make sure your data is accurate:

  1. Check all your transactions entered in QuickBooks.
  2. Make sure to match your real-life bank and credit card statements.
  3. Reconcile your accounts in QuickBooks.

 

You can start running reports if the reconciliation report and bank statements match. To generate a cash flow forecast, you can refer to the step 2 in this article. 

 

Additionally, I suggest the following article if you aren't able to match the reconciliation: How to fix beginning balance issues in QuickBooks.

 

Please feel free to reach out again if you have any follow-up concerns.