When receipts and payments land
A cash budget needs the month the money moves, not the month of the sale. Turn sales and purchases into receipts and payments.
Task 1Sales are not receipts4 questions
A cash budget needs the month the money arrives, not the month of the sale. The pattern of payment turns one into the other.
Saltmarsh's customers pay a deposit of 40% in the month they are invoiced, and the other 60% in the month after.
| Month | £ |
|---|---|
| April | 20,000.00 |
| May | 24,000.00 |
| June | 30,000.00 |
| July | 16,000.00 |
Task 2Reading the pattern2 questions
Task 3Payments have a pattern too2 questions