Title: What is Working Capital and What Does it Mean for Your Business? | PayPal
Headings: What is working capital and what does it mean for your business?
What is working capital and what does it mean for your business?
Business Resource Center Grow your business Getting funding
What is working capital?
What does working capital mean for your business?
Working capital management 101.
1. Managing cash.
Forecast cash flow.
2. Receivables are cash on its way.
Establish a receivables policy.
Collecting payments from customers.
Managing customer data.
3. Inventory and supplies: An overlooked asset.
Controlling inventory and supplies.
Counting inventory.
The importance of working capital.
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Content: Think about whether goods and services are seasonal, and how quickly your customers expect to receive them. Close management of inventory and supplies can be very helpful in efforts to optimize working capital. Counting inventory. Before you can effectively control inventory, you need an accurate count. Also, a make a plan for handling inventory variances. Here are some tips for performing inventory counts: Count high-value inventory more frequently. Consider taking a full inventory count at each site once a year. Identify your high-value inventory and count more frequently. Manage obsolete inventory.