Cash 360 Terms and Definitions

Term	Definition
Inflow	These are transactions where money flows into your company. The following are examples of inflow transactions: Dividend payments Non-recurring cash flow such as financing and sale of assets
Outflow	These are transactions where money flows out of your company. The following are examples of outflow transactions: Purchases Payroll Taxes Rent
Accounts receivable	These are accounts with receivable amounts that fall on a given period. For example: Open invoices
Accounts payable	These are accounts with payable amounts that fall on a given period. For example: Open vendor bills
Future-dated bank transactions	These are bank transactions that fall on the next accounting period but is within the same forecast period. For example, you have a forecast period that is set to 6 or 12 weeks, a report that starts on the last week of March 2023, and bank transactions for April 1, 2023. The total bank transactions for April 1 is referred to as future-dated bank transactions.
Opening balance	This is the amount of cash available at the start of a period. The initial opening balance amount is the sum of all accounts in the chart of accounts with the type equal to bank for the selected subsidiary or consolidated subsidiary up to the current posting period. The succeeding opening balance amounts are taken from the closing balance amounts from the previous periods.
Closing balance	This is the cash forecast at the end of a period. The closing balance is calculated as the opening balance amount, plus the future-dated transactions amount, plus the total forecast inflow amount, minus the total forecast outflow amount. Closing balance = Opening balance + Future-dated transactions + Total forecast inflow – Total forecast outflow amount
Net balance	The net balance is calculated as the total forecast inflow amount minus the total forecast outflow amount for a given period. Net balance = Total forecast inflow amount – Total forecast outflow amount

Term

Definition

Inflow

These are transactions where money flows into your company. The following are examples of inflow transactions:

Dividend payments
Non-recurring cash flow such as financing and sale of assets

Outflow

These are transactions where money flows out of your company. The following are examples of outflow transactions:

Purchases
Payroll
Taxes
Rent

Accounts receivable

These are accounts with receivable amounts that fall on a given period.

For example: Open invoices

Accounts payable

These are accounts with payable amounts that fall on a given period.

For example: Open vendor bills

Future-dated bank transactions

These are bank transactions that fall on the next accounting period but is within the same forecast period.

For example, you have a forecast period that is set to 6 or 12 weeks, a report that starts on the last week of March 2023, and bank transactions for April 1, 2023. The total bank transactions for April 1 is referred to as future-dated bank transactions.

Opening balance

This is the amount of cash available at the start of a period.

The initial opening balance amount is the sum of all accounts in the chart of accounts with the type equal to bank for the selected subsidiary or consolidated subsidiary up to the current posting period.

The succeeding opening balance amounts are taken from the closing balance amounts from the previous periods.

Closing balance

This is the cash forecast at the end of a period.

The closing balance is calculated as the opening balance amount, plus the future-dated transactions amount, plus the total forecast inflow amount, minus the total forecast outflow amount.

Closing balance = Opening balance + Future-dated transactions + Total forecast inflow – Total forecast outflow amount

Net balance

The net balance is calculated as the total forecast inflow amount minus the total forecast outflow amount for a given period.

Net balance = Total forecast inflow amount – Total forecast outflow amount

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