On 9/24/2017 8:31 PM, R. Victor Klassen wrote:
Folks,
I think the original poster is looking at how to forecast cash flow. Given the
credit cards have different due dates, and assuming they are paid on their due
date, does the account from which they are paid have enough in it for the
coming month?
This depends on HOW one uses a credit card. Can scarcely schedule these
transactions because the amount of the payment can be anything from the
minimum payment due up to the full balance. That's a CHOICE made by the
human. Not known in advance. Even those of us who normally pay the full
balance each month on credit cards might SOMETIMES pay less if dealing
with a cash flow crunch.
Look, this is really related to possible confusion about what a "cash
flow" report means (should mean) and doesn't mean.
Budgets may be in terms of profit and loss (ensure expenses not greater
than income) OR in terms of cash flow planning. You may need BOTH of
these because can be all right with regard to one but not the other.
Michael
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