if it is decided that overdraft fac

if it is decided that overdraft facility are to be arranged, it is important that due account is taken of the timing of the receipts and payment within each month.
for example, all of the payment in January may be made at the beginning of the month but receipts may not be expected until nearer the end of the month. The cash deficit could then be considerably greater than it appears from looking only at the month-end balance.