Verified answer

The cash flow statement is really a more important document than the income statement. The income statement shows revenue, but all the revenue in the world won't keep a company afloat - only cash flow will do that. The company I work for has had cash flow problems since early in the year, so every day I prepare my own cash flow statement so that I can keep track of projected receipts and expenditures. This cash flow statement has been my main management tool for the last several months.