Title: 3 Working Capital Management Strategies For Your Business - QuickBooks
Headings: 3 Working Capital Management Strategies For Your Business
3 Working Capital Management Strategies For Your Business
What is Working Capital Management?
Strategies to Manage Working Capital
1. Inventory Management
2. Cash Management
3. Accounts Receivable Management

Content: 3 Working Capital Management Strategies For Your Business - QuickBooks
2019-07-30 13:35:07 2019-07-30 13:35:07 https://quickbooks.intuit.com/in/resources/finance-and-accounting/working-capital-management/ Finance and Accounting English Working capital management is the management of current assets, current liabilities and association between them to run day-to-day... https://quickbooks.intuit.com/in/resources/in_qrc/uploads/2019/07/An-image-showcasing-stack-of-coins-with-germination-of-seeds-thus-portraying-working-capital-management.jpg https://quickbooks.intuit.com/in/resources/finance-and-accounting/working-capital-management/ 3 Working Capital Management Strategies For Your Business
3 Working Capital Management Strategies For Your Business
By Sathish AR
7 min read
Try QuickBooks Invoicing & Accounting Software – 30 Days Free Trial. Every business needs sufficient amount of working capital to run its operations smoothly. Furthermore, it needs to utilize its working capital in the most efficient way possible. This is to ensure maximum return on investment and utilization of fixed assets productively. This is possible only if various elements of working capital are managed proficiently. Thus, Current assets and current liabilities form the major components of working capital as per the working capital equation. Current Assets typically include: Cash and cash equivalents
Inventory
Accounts Receivable
Marketable Securities
Prepaid Expenses
Other Liquid Assets
Whereas current liabilities include: Accounts Payable
Notes Payable
Current Portion of Long Term Debt
Accrued Liabilities
Unearned Revenues
Hence, mismanagement of any of these components may lead to severe consequences. This may include even going out of business in certain cases.