Victory State Bank Shines Light On Importance Of Business Money Management


Victory State Bank Shines Light On Importance Of Business Money Management


STATEN ISLAND, N.Y. – Since cash is the key for operating small businesses, Victory State Bank shares financial tips to manage your money to success.

 Cash flow is the movement of money in and out of your business.

Inaccurate cash flow analysis – or lack of available cash – can affect the everyday operations of your business and your eligibility to receive a loan.

Inflow comes form operations such as the sales of goods and services, loans, lines of credit and asset sales.

Outflow occurs during operations such as business expenditures, loan payments and business purchases.

The Small Business Administration explains that cash flow analysis statements are generally separated into three parts:

  • Operating activities: This section evaluates net income and loses of a business. By assessing sales and business expenditures, all income from non-cash items is adjusted to incorporate inflows and outflows of cash transactions to determine a net figure.


  • Investment activities: This section reports inflows and outflows from purchases and sales of long-term business investments such as property, assets, equipment, and securities.


  • Financing activities: This section accounts for the cash flow trends of all money that is related to financing your business. For example: if you received a loan for your small business, the loan itself would be considered an inflow of cash.

Victory State Bank supports a healthy strategy in managing and maintaining your business’s cash.


About Victory State Bank:


VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online


Media Contact: Barton Horowitz

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