3. CASH OUTFLOWS
Cash outflows represent the cash leaving a company for payment on bills, for equipment purchases, for withdraws, or for paying dividends. More importantly, however, cash outflows predict when (which month) the money will leave the company. Examples of cash outflows include, cash for advertising, rent, utilities, business registration, telephone, bank & service charges, wages & salaries, employer costs, correspondence materials, office supplies, taxes, owner's cash drawings, purchases of equipment, dividends paid to shareholders, and the list goes on and on. The general rule of thumb is that all expenses appearing on the income statement (except for depreciation expenses), office equipment purchases, taxes, drawings by owners, and dividends paid to shareholders are all considered cash outflows. Below illustrates the forecasted cash outflows for Red Deere Electronics.
CASH OUTFLOWS: | JAN. | FEB. | MAR. | APR. | MAY | JUNE | TOTAL |
For Finished Product Purchases | $ 0 | $8,000 | $7,000 | $4,000 | $2,500 | $3,000 | $24,500 |
For Promotions | $9,000 | $5,000 | $6,000 | $8,000 | $5,000 | $4,000 | $37,000 |
For Office Salaries Expense | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $ 9,000 |
For Employer Costs (10% of Salary) | $ 150 | $ 150 | $ 150 | $ 150 | $ 150 | $ 150 | $ 900 |
For Office Supplies | $ 500 | $ 0 | $ 500 | $ 0 | $ 500 | $ 0 | $ 1,500 |
For Business Cards & Correspondence | $ 200 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 200 |
For Telephone | $ 200 | $ 150 | $ 150 | $ 150 | $ 150 | $ 150 | $ 950 |
For Business Registration & Fees | $1,000 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 1,000 |
For Rent | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $ 6,000 |
For Utilities | $ 300 | $ 300 | $ 300 | $ 300 | $ 300 | $ 300 | $ 1,800 |
For Credit Card Service | $ 650 | $ 400 | $ 900 | $ 900 | $ 850 | $ 700 | $ 4,400 |
For Bank Charges | $ 50 | $ 50 | $ 50 | $ 50 | $ 50 | $ 50 | $ 300 |
For Miscellaneous | $ 200 | $ 200 | $ 200 | $ 200 | $ 200 | $ 200 | $ 1,200 |
For Income Taxes | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
For Withdraws | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $ 9,000 |
For Equipment Purchased | $8,500 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 8,500 |
TOTAL CASH OUTFLOWS (B) | $24,750 | $18,250 | $19,250 | $17,750 | $13,700 | $12,550 | $106,250 |
As you can see, Red Deere Electronics anticipates $24,750 cash will be needed in January for paying its bills, for equipment purchases, and for owner withdraws. In February, $18,250 is expected to "leave" the company, and so on.. Note: deprecation expenses are NEVER considered a cash outflow. Moreover, cash does not leave the company to pay depreciation - it is a non-cash expense.