Untitled-29

(^202) Financial Management
FORM OF RECEIPTS AND PAYMENTS FORECAST
CompanyÖÖÖÖÖÖÖÖÖÖÖÖÖ. Receipt and Payment Forecast
One YearÖÖÖÖÖÖ..19ÖÖ.
Similar to the debtors forecast, the payments to creditors forecast will start with a list of
accounts payable outstanding at the commencement of the forecast period. This and
the purchases forecast will have to be converted into a forecast of payment due dates,
using the credit terms agreed by the purchasing manager.
The remaining payments will be forecast under the headings most suitable for comparison
with source documents, for example:
l net wages and salaries for comparison with payrolls;
l petty cash items in total for comparison with the petty cash book;
l special cheque payments and bank standing orders (analysed by type of expense
to ensure the none is forgotten), which will probably be compared with analysis
column in the main cash book.
(figures in Rs. thousands) Quarter Total 1 st
Month
2 nd
Month
3 rd
Month
Collection of Debt
Due Now
Future Invoicing by Quarter
Other Income
Total Income
Payments
Creditors Now
Future Purchases by Quarter
Quarterly Payroll
Petty Cash Payments
Periodic Payments
Bank Charges
Other Payments
Total Outstandings
Bank Overdraft – Opening
-- Closing