Understanding and managing the cash flow in your business is critical to your success. Learn how to improve cash flow management, even in a weak economy. A balance sheet is often described as a snapshot of your financial situation at a single point in time (think of it as the balance in your personal checking account). An income statement summarizes revenue, expenses and net income for the entire year or other period of time. Both of these financial statements are important tools to measure the success of your business but do little to tell you where the cash actually went. Understanding and managing the cash flow in your business is critical to your success. You will learn more about how cash truly moves through your business, how to prepare a cash flow budget and identify ways to put your working capital to work.