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Spreadsheets are an especially valuable tool in facilitating:
Average Daily Float
This refers to the average amount of uncollected checks or electronic transfers in the process of clearing.
Cheques
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.
Collection Delay
The time lag between the date an entity issues an invoice and the date it actually receives payment.
Average Daily Receipts
The average amount of cash generated through sales or services rendered on a daily basis.
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