Over the years, having trained, mentored and supported entrepreneurs throughout the country, I regularly find they have an all consuming relationship with cash (or
Con-artist The title of this post was inspired by the movie, Catch Me If You Can, a biographical film about the life of Frank Abagnale.
Cash flow is the lifeblood of a business. Unfortunately SMMEs in South Africa have been on the receiving end for a long time. SMMEs are
Provision for Bad Debts 100% of debtors are unlikely to pay the amount owed to the business. A % will not be collected/received Provision for
Bad Debt Bad debt is amount owed to the business, that will not be collected/received Bad debt is shown under Expenses in the Income Statement
Debtor Schedule Debtor schedule usually prepared with the cash budget Debtor schedule shows R to be collected from debtors over the budgeted period Debtor schedule
Debtor Collection Period Collection Period = Debtors/Credit sales * 365 = number of days It shows the number of days from the sale until cash
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