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: The business can plan for the utilization of the available cash resources. This can be done after determining the cash flow projections and optimum cash balances. Thus, a business can focus on either increasing cash inflows or reducing cash outflows. You May Also Read
Improving and Managing Your Cash Flow
3. Accounts Receivable Management
Accounts receivable refers to the debtors arising on account of selling goods on credit to customers. A business needs to sell goods on credit in order to expand its sales and attract customers. However, there is an element of risk involved in undertaking credit sales. This risk refers to the risk of bad debts. Hence, a business needs to manage its accounts receivable in order to improve its overall return on such receivables. This means investment in accounts receivable need to be of an optimum level.