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Some Makerspaces charge a fee to potential users, what purpose do they serve?
Outstanding Cheques
Cheques that have been written and recorded in the accounting records but have not yet been cashed or cleared through the banking system.
Uncollected Deposits
Funds that have been deposited into a bank account but have not yet been cleared or recognized as available balance due to processing time.
Float
The difference between book cash and bank cash, representing the net effect of cheques in the process of clearing.
Interest Rate
The percentage charged on a loan or earned on an investment, indicating the cost of borrowing or the gain on investing.
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