Accounting | November 2018 – VirtualX MasterClass Series 6 | Episode 2
Welcome to Episode 2 of Series 6: Mastering Cash Budgeting – Advanced Techniques in the Accounting | November 2018 – VirtualX MasterClass! In this insightful episode, we delve deeper into the art of cash budgeting and explore advanced concepts that drive effective financial planning and decision-making. Join us as we explore cash sales, credit sales, rent income, payments to creditors, total sales budget, markup percentage, and credit purchases.
In this thought-provoking episode, we unravel the intricacies of cash budgeting for a comprehensive financial outlook. Gain insights into the calculation of cash sales for the month and understand their impact on the company’s cash inflow.
Explore credit sales, a crucial component of revenue generation, and learn how they contribute to the overall cash flow of the business. Understand the significance of rent income for the month and its effect on the cash budget.
Discover the importance of timely payments to creditors to ensure smooth operations and positive supplier relationships. We also explore the process of creating a total sales budget for the month, combining various revenue streams to forecast cash inflows accurately.
Understand the role of the markup percentage in determining pricing strategies and achieving profitability. Explore the dynamics of credit purchases and their effect on cash outflows.
By the end of this episode, you’ll have a comprehensive understanding of advanced cash budgeting techniques, cash sales, credit sales, rent income, payments to creditors, total sales budget, markup percentage, and credit purchases.
Subscribe to our channel and turn on notifications to stay updated with each new release. Join us in Episode 2 of Series 6: Mastering Cash Budgeting – Advanced Techniques in the Accounting | November 2018 – VirtualX MasterClass, and elevate your financial planning and decision-making skills.
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Source: VirtualX MasterClass, Published: [publish_date]
3 weeks ago