cash collections


The combination of the current month's cash sales and the credit sales of the previous month, used to calculate the total amount of cash received during the month. Credits from the previous month are used because that cash may or may not be received during the same month that the credit was issued.

Use cash collections in a sentence

We tallied up the cash collections and found ourselves doing much better than we were at this point last year.

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The manager at the clothing store had to stay late on Tuesday to perform cash collections. The manager had to make sure the store was meeting its sales quota.

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As a cash basis taxpayer income subject to taxation is a function of cash collections, expenses paid and appropriate depreciation and amortization deductions.

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