Why is it important for an organization to prepare a cash budget?© BrainMass Inc. brainmass.com June 4, 2020, 12:39 am ad1c9bdddf
Operating budget: Shows planned revenues and planned expenses.
Cash budget: Shows planned collections (inflows) and payments (outflows).
The settlement of transactions (when you collect and when you pay) can differ ...
Answer explains in everyday language suitable for a novice to absorb.