The sales budget and cash receipts schedule are two components of a company's overall, or master, budget. There are several differences in the way a small business develops and uses its sales ...

Such items as sales reports, receipt books, cash register tapes, close-out sheet and duplicate ... Supporting documentation for cash receipts is subject to the records retention schedule approved by ...

If you're using cash accounting, recognizing any credit sales ... from gross receipts. Next, you subtract the cost of goods sold (COGS), which you calculate on the back of Schedule C.