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Island Tax and Accounting Group, LLC

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Office of Kass & Monahan CPA's, P.C.

40 Marcus Drive- Suite 202, Melville, New York 11747-4200

(631)271-8000 (631)271-8001 Fax

 

Offices of Winer CPA, P.C.

3 Stanley Drive, Framingham, MA 01701-3630

(508) 879-0408 (508)762-1472 Fax

111 Northeastern Boulevard, Nashua, NH 03062-1916

(603)689-7500

 

info@islandtax.com

 

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Printed from: www.islandtax.com
  • Island Tax And Accounting Group LLC
  • Office of Kass & Monahan CPA's, P.C.40 Marcus Drive- Suite 202, Melville, New York 11747-4200(631)271-8000 (631)271-8001 Fax Offices of Winer CPA, P.C.3 Stanley Drive, Framingham, MA 01701-3630(508) 879-0408 (508)762-1472 Fax111 Northeastern Boulevard, Nashua, NH 03062-1916(603)689-7500 info@islandtax.com,    
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Cash Flow Analysis

What's Your Cash Flow Situation?

Managing debt and maintaining your lifestyle over the long term is challenging. Without a reasonable budgeting plan, it is difficult to effectively manage spending. This Cash Flow Analysis form can help you compare your income to your expenses to determine your net cash flow.

Monthly Income:

According to the 2013 Consumer Financial Literacy Report, over half of Americans said they didn't have a budget.

Monthly Expenses:

According to the Bureau of Labor Statistics, a $10 medical expenditure in 1982-84 (the reference date) would cost about $400 today.

Monthly Expenses:

$301,970 is the estimated cost for a middle-income family to raise a child born in 2012 through age 17 according to the U.S. Department of Agriculture.

Monthly Expenses:

According to the Federal Reserve Board, the average American household has about $7,023 of credit-card debt.

Monthly Expenses:

According to the Tax Foundation, the average person worked from January 1 to mid-April to pay all federal, state, and local taxes.

Getting your cash flow under control is the first step toward effective financial management. Are you comfortable with your current cash flow? If not, you may need to take immediate action to control your spending.

Your Results

Your total income is: $0
Your total expenses are: $0
Your cash flow is: $0

Your net cash flow is the amount of money left after paying all your bills. The chart below shows how much cash you have left at the end of each month after meeting your expenses, based on the amounts you entered. How much of your net cash flow are you currently investing for the future?

Your Monthly Cash Flow

 

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

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Contact Us

Office of Kass & Monahan CPA's, P.C.

40 Marcus Drive- Suite 202, Melville, New York 11747-4200

(631)271-8000 (631)271-8001 Fax

 

Offices of Winer CPA, P.C.

3 Stanley Drive, Framingham, MA 01701-3630

(508) 879-0408 (508)762-1472 Fax

111 Northeastern Boulevard, Nashua, NH 03062-1916

(603)689-7500

 

info@islandtax.com

 

Access Your Account  

Information contained herein should not be considered covered opinions as referenced by IRS circular 230.  Formal tax opinions are held to higher standard than routine advice and will be labeled as such. Each office independently owned and operated.

 

 
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