1. Keeping Business Record

2. What are quarters in accounting? January – March is the 1 st quarter April – June is the 2 nd quarter July – Sept is the 3 rd quarter October – December is the 4 th quarter

3. Cash Receipts and Cash Payments Cash Receipts are the amounts you charge your customers and thus, receive money Cash payments is bills that you most pay to keep your business alive.

4. Variable Payments are payments, like wages which change from to month. Fixed payments are cash payments that are the same each month. For example the amounts spent on rent and insurance are estimated to be the same for each month. Basically, it is payments that do not change.

5. Cash Flow When business persons estimate cash receipts and cash payments they are estimating the cash flow of their business. Cash Budget The report they prepare that shows the cash flow is called a cash budget.

6. Show EXCEL spread sheet with totals

7. Step 1

8. Step 2

9. Step 3 –Crossfooting is adding a row of figures across a form

10. Step 4

11. Step 5

12. Step 6

13. Step 7

14. Step 8

15. Step 10- When there are more receipts than payments in a period it is called a positive cash flow. When there are more payments than receipts in a period, it is called a negative cash flow