Some Practical Tips

Some practical tips for managing your cash flow

The amounts of your receipts are recorded in the bank account with a delay compared to the date of the transaction. Depending on the banks, the calculation of value dates varies:

• In calendar days (taking into account all days of the calendar);
• In business days (working days in the bank minus the days off specific to the banking sector);
• In working days (working days in the bank).

Example:
After depositing checks on October 12 with J + 2 calendar days conditions, the company's account will be credited on October 14.
Deposit checks and drafts in the bank as quickly as possible before the cutoff time (often this is at 11 a.m.: this means that if you deposit a check or draft at 11:30 a.m., the transaction is considered to have occurred the next day);
Drafts must be submitted to the bank at least 10 days before the due date to be discounted.