Where do I set up credit purchases in my Bizplan projections? What steps do I take to configure purchases on credit in Bizplan? How can I enable or update purchases on credit in Bizplan?
The Purchases on Credit setting in Bizplan allows you to define what percentage of your business expenses are paid on credit terms rather than immediately. This impacts your cash flow projections by simulating delayed outgoing payments.
Steps to Set or Edit Purchases on Credit
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Log in to your Bizplan account.
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From the left-hand menu, click on Finance.
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Click the Settings tab (gear icon) in the top-right corner.
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Scroll down to the Accounts Payable section.
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In the Purchases on Credit field, enter the percentage of your purchases made on credit.
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Click Save and wait for the page to refresh.
Important Notes
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A higher percentage indicates a greater reliance on vendor credit, which can preserve cash flow in the short term.
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If your business pays for everything upfront, you can enter 0%.
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This setting influences the timing of your cash outflows in your financial model and reports.