Cash future
April 24, 2021
No Comments
Over the years, having trained, mentored and supported entrepreneurs throughout the country, I regularly find they have an all consuming relationship with cash (or
Category: Cash
Catch me if you can
April 23, 2021
No Comments
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.
Late payment to SMME’s
April 23, 2021
No Comments
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
What is a provision for Bad Debts?
March 4, 2012
No Comments
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
What is a Bad Debt?
March 4, 2012
No Comments
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
What is the Debtor Schedule?
March 4, 2012
No Comments
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
What is the Debtor collection period?
March 4, 2012
No Comments
Debtor Collection Period Collection Period = Debtors/Credit sales * 365 = number of days It shows the number of days from the sale until cash