0417 Financial - Liquidity forecast

Create liquidity forecast for open items and bank data

When you create the liquidity forecast, the VAT ('Receivable' and 'Payable') is filled in on separate lines. The due date of these lines is determined on the basis of the settings specified on the Liquidity forecast tab of the Financial form.

Example

Your organization submits its VAT returns on a monthly basis. Any VAT payable is always remitted to the tax authorities on the 20th day of the month. On January 2, your organization sends a customer an invoice for $ 11,900, consisting of $ 1900 in VAT and $ 10,000 in turnover. The invoice has a payment term of 15 days. Two lines are created for this sales invoice in the liquidity forecast:

• Debtors: $ 11,900, with a due date of January 17
• VAT payable: $ -1,900, with a due date of February, 20 (end of January + 20 days = February, 20)

Fields

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