ㅤPayment calendar – a section that shows general information on your accounts as of a certain date
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ㅤThe balance sheets are presented on the following basis:
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1) the amount highlighted in green is the total amount of receipts for the selected date
2) the amount highlighted in red is the total amount of write-offs for the selected date
3) the amount highlighted in gray is the total balance of accounts for the selected date
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ㅤAt the bottom of the page, we can see the account balances both in the specific account’s currency and in the company’s currency for a given day, the exchange rate used to convert the balance into the company’s currency, as well as the payments for that day
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ㅤ*note that those accounts that have a negative balance as of the selected date will be highlighted in red
ㅤ**Also, for future transactions, the exchange rate is taken as the actual rate on today’s date, since it is not possible to predict the rate for a specific date in the future
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ㅤWith the help of the Payment Calendar, you can prevent a cash gap – a situation when a company temporarily lacks money to pay its invoices. As a rule, this money is in accounts receivable and should be coming to the business anytime soon.
Finmap will highlight this situation in the Calendar with the appropriate color
