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    Imhiding's Avatar
    Imhiding Posts: 14, Reputation: 1
    New Member
    		  
    #1

    Sep 24, 2011, 05:10 PM
    is there an equation to finding the beginning cash balance?
    I have the cash receipts, the cash payments and the ending cash balance, but I can't figure out the beginging cash balance.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Sep 26, 2011, 06:44 AM
    You need to work the problem backwards to get the beginning balance.

    Your basic formula is:

    Beginning Cash balance + Cash Receipts - Cash payments = Ending Cash balance.

    So:
    Beginning Cash Balance = Ending Cash Balance - Cash Receipts + Cash Payments.
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