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size of your bank balance or
overdraft.

The main diffe-
rence between the profit

and loss and the cashflow
fore-cast is that for many

businesses, sales and

payments are not always

made for and with cash, i.e.

the invoice for a sale made

in January may not be paid

until February or March.

These delays in receiving

and making payments can

have a significant/impact

upon the cashflow of the

business.

7