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Reviewing the Cashflow Statement (Cloud) ​

What it is: The Cashflow Statement in Draftworx Cloud is a largely automated statement of cash movements that can be presented using either the Indirect or Direct Method, with tools to adjust and reconcile figures where needed.

What it's for ​

The Statement of Cash Flows summarises a company's cash inflows and outflows during a financial period. Draftworx Cloud automates most of the movements from the Working Trial Balance and Notes, but provides blue input cells and yellow rounding cells so preparers can make manual adjustments for items that don't flow automatically — such as non-cash items or complex movements.

Tip: Import three tax years of trial balance data to get the Prior Year Cashflow movements calculated automatically with minimal manual intervention.

How to do it ​

Choosing the presentation method ​

Set the presentation method (Indirect or Direct) in Client Setup - Quick Settings before working on the cashflow.

Presenting adjustments to reconcile profit ​

  1. Navigate to the AFS and open the CashFlow Tab.
  2. To move the "Adjustments to Reconcile Profit" into the Notes rather than on the face of the statement, select the hyperlink "Open note to hide calc in face of cashflow".
  3. Jump to the Notes, select the Grouping (+) to open the note, then expand the sub-grouping.
  4. Enter any manual adjustments in the Dark Blue Input Cells or Yellow Rounding Cells.
  5. To show adjustments on the face of the statement instead, select the grouping (-) to close the Cashflow operating activities note.

Making adjustments on the Cashflow sheet ​

  1. Use Dark Blue Input Cells for specific monetary adjustments.
  2. Use Yellow Rounding Cells to combine items, reallocate movements, or handle non-cash items.
  3. For Other Financial Liabilities and Other Financial Assets: these are summarised into one line item on the face. Select the Grouping (+) to expand and see individual movements; adjust using input/rounding cells as needed.

Note: If the Status Sheet shows reconciling items that are out of balance, these will affect the Cashflow — balance the Notes to the AFS first where possible.

Source ​

https://draftworx.helpjuice.com/en_US/cloud/draftworx-cloud-reviewing-the-cashflow-statement

Walkthrough ​