What does CASHFLOW mean in small mom&pop business? Does it mean their profit after all expenses after taxes or before taxes? or Does it mean total sales before subtracting expenses and taxes? or What does it mean?
For example if a small neighborhood convenience store has cashflow of $20,000, what does this mean? Does it mean owner makes that amount per year or per month before all expenses or part of expenses? Or does it mean the owner makes that amount per year or month after all expenses? Are they before taxes or after taxes? If not sure, please assume most likely.
Thanks in advance.