Learning outcomes
Forecasting
Reasons for forecasting
Cash flow forecast
Receipts and payments
Importance of adequate cash flow
Cash flow calculations
Glossary
Forecasting
Glossary
Cash flow forecast
:
a statement which predicts the amount of money coming in and going out of a business over a specific period of time
Receipts
:
money coming into the business
Payments:
money going out of the business
Overdrawn
:
when payments are greater than receipts and the closing balance is shown in brackets
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