Accountants sometimes are challenged when it comes to preparing a statement of cash flows. This is especially true when there are numerous adjustments to consider such as depreciation expense, unrealized gains or losses on investments, or in-kind gifts and expenses. All these challenges are easily overcome by using a cash flow tool such as the one illustrated for Small Charity, Inc. (Download the tool and accompanying sample financial statements.)
The spreadsheet matrix tool effectively operates as a double-entry accounting system,