Cash collections in a schedule of cash collections typically consist of collections on sales made to customers in prior periods plus collections on sales made in the current budget period.

Schedule

A plan that outlines specific times at which certain tasks or operations need to be carried out.

Cash Collections

The process of gathering all cash payments received from customers during a specific time period.

Current Budget Period

The specific time frame for which a budget is prepared, reflecting planned income and expenditures for that duration.