Brett Tighe, CFO of Okta walks us through the structure of the close deck that his team prepares each month.
You need cash to run your business, so tracking cash flow is important for every organization. This helps you understand when you can make strategic investments or when you need to conserve capital. But reporting on cash flow is hard because you don't know when bills are going to arrive for an organization. As the organization grows, you're managing a lot of individual expenses that are coming in and out.
Here's the template for the close deck that my team prepares each month. We've found this to be the best structure to summarize the data for our executive team and board.
Our template is broken out into three sections: Cash flow in, Cash flow out, and CapEx. Each section includes the forecast and the acutals so that anyone looking at the report can understand how we performed in comparison to expectations.