Financial resources are funds specifically allocated for specific functions in a company. These resources can include mortgages, bank loans, government grants, and any other funding used for company purposes. When revenue falls short of meeting a business’s needs, cash flow has to come from alternative sources. Whether you turn to a government grant or bank loan as a means of obtaining the required financial resources, the process can be time-consuming.
Financial Resource Request Form – The purpose of this tool is to standardize all financial resource requests so that we can evaluate and prioritize requests appropriately to facilitate delivery.
Income Statement - Use this tool (also known as a Profit & Loss Statement) to indicate how revenue is transformed into net income. The purpose of this tool is to demonstrate whether the company made or lost money during the period of time being reported.
Balance Sheet – Use this tool to create a snapshot of your company’s financial position on a specific date (FYE).
Cash Flow Forecast – Use this tool to create a cash flow forecast and to monitor actual cash flow.
