Description:
Cash and Liquidity Management is essential to the success of a business. Without an effective cash flow, a company can't keep up with its debt payments on time. For effective cash and liquidity management, it is necessary to keep track of both incoming payments and outgoing expenses. When a company buys something on credit with the intention of paying for it later, the company incurs a payable. Banks and other financial institutions often provide businesses with access to short-term credit. However, these loans aren't cheap, so a reliable cash flow is necessary for businesses to keep up with their debt payments on time. – PowerPoint PPT presentation