cash flow forecast - key words Flashcards
(8 cards)
1
Q
cash inflow
A
money received by a business
-also called receipts)
2
Q
cash outflow
A
money paid out by a business
-also called payment
3
Q
formula
A
net cast flow= (total) inflow - (total) outflow
4
Q
opening balance
A
money the business has at the beginning of each month
opening balance= closing balance of each month
5
Q
closing balance
A
money the business has at the end of each month
closing balance = opening balance + net cast flow
6
Q
budgeting
A
setting targets for revenue and expenditure over a period of time (In the future)
7
Q
budgetary control
A
checking actual performance of a business against the targets set (when budgeting)
8
Q
cash flow forecast
A
predicts the money coming in and going out of a business over a period of time
