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: to make payments when they become due
to minimize idle cash
Hence, a business can follow the following strategies in order to manage cash efficiently: Business can prepare cash budgets in order to project cash flows. Cash budgets can help a business to plan and control the use of cash. A business needs to determine an optimum level of cash balance by comparing risk with profitability. Various methods are used to determine optimum level of cash. 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.