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IA3 - Cash Budgeting - Coggle Diagram
IA3 - Cash Budgeting
MYOB - Entering past transactions
Purchases - cash and credit
Sale of Goods credit and cash
Owner contributions
Paying Expenses
Bank Reconciliation (incl transactions from bank statement)
Auto-Build Inventories
Printing MYOB Reports - Trail Balance, SoPL, SoFP, Bank reconciliation report
Cash Budget is prepared using MYOB Reports
Review MYOB Reports - Reorganise Information into a spreadsheet Cash Budget template
Cash Balance Only - transactions that will affect cash - FUTURE TRANSACTIONS
Calculate the TOTAL EXPECTED CASH RECEIPTS and TOTAL EXPECTED CASH PAYMENTS - done per month
TOTAL CASH BALANCE for the business per month can be worked out
New Statements - SOERAR, SOETPAP
WHAT IF BUDGETS
Incorporate several potential plans for the business and their potential financial impact
Determine the EXPECTED IMPACT TO THE BUSINESS CASH POSITION
May involve several budgets - option 1, 2 and 3
MAKE A RECCOMENDATION FOR THE BUSINESS - eg good idea to move location?