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Profit
Revenue - costs - What is left after costs have been deducted from revenue.
Loss
When revenue is less than costs.
Costs
The expenses a business pays for in producing goods and services.
Revenue
The amount of money a business receives from selling goods or services.
Cash
Money that the business has available to it straight away, such as money in its bank account.
Forecast
A technique where the business attempts to estimate future sales, or other financial variables.
Cash flow forecast
A prediction of a business's future cash inflows and outflows, showing the closing balance.
Net cash flow
Difference between cash in and cash out of a business over a time period.
Opening balance
The money the business has at the start of the month. It is the closing balance from the previous month.
Closing balance
The amount of cash the business has at the end of each month.
