All tables must be entered to return a total of 100% before hitting the "submit" button.
Where all sales are always made by cash/debit/credit cards simply enter 100% into month 1 of "Cash Collection - Sales Made on Credit"
This is the monthly breakdown of forecast sales by calendar month. The system will allocate them in the correct order in line with the advised financial year start date.
The percentages of cash collected per month on average from sales made on open credit. For example if 10% of such sales are reckoned to be paid within the month they were invoiced, that percentage will be allocated to month 1. If in the following month 50% is paid; allocate to month 2 and so on.
This is for payment for goods / services for resale purchased on open credit. The same rule applies as with cash collection - i.e. if 10% of credit purchases are paid for on average in the same month as delivery that is allocated to month 1; 50 % the following month to month 2 and so on.
This runs in exactly the same way as Purchases on Credit.
If selected the system automatically separates L/C purchases from open credit purchases, adjusting the applicable value of credit purchases accordingly.