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Accounting | November 2018 – VirtualX MasterClass Series 6 | Episode 1

Welcome to Episode 1 of Series 6: Mastering Cash Budgeting in the Accounting | November 2018 – VirtualX MasterClass! In this highly informative episode, we dive into the essential concept of cash budgeting and its significance in financial planning and control. Join us as we explore debtor’s collection schedules, cash sales, credit sales, and the art of managing discounts and bad debt.

In this thought-provoking episode, we unravel the importance of a well-crafted cash budget, a powerful tool used to forecast a company’s cash inflows and outflows. Understand how cash budgets enable businesses to effectively manage their finances and make informed decisions.

Gain insights into debtor’s collection schedules, a strategic plan to ensure timely collection of accounts receivables. Explore the dynamics of cash sales and credit sales, and how they impact the company’s cash flow.

Discover the intricacies of calculating total sales and breaking them down by the month of sales. Learn about the significance of discounts and their effect on cash inflows and customer relationships.

We also explore the challenges of bad debt and the measures companies employ to mitigate its impact on cash flow and profitability.

By the end of this episode, you’ll have a comprehensive understanding of cash budgeting, debtor’s collection schedules, cash sales, credit sales, total sales, discounts, and bad debt.

Subscribe to our channel and turn on notifications to stay updated with each new release. Join us in Episode 1 of Series 6: Mastering Cash Budgeting in the Accounting | November 2018 – VirtualX MasterClass, and enhance your knowledge in financial planning and cash flow management.

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Source: VirtualX MasterClass, Published: 2023-07-26 12:45:13

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