We all know why business runs, right? To generate profit! Profit is money, and money is cash. It is important to know where we put our cash, and how cash is generated. Cash has to be managed efficiently, or else the business will run in ruins. This is where cash management comes into play. Cash management refers to a broad area of finance involving the collection, handling, and usage of cash. Just like a ‘no cash situation’ in our day to day lives can be a nightmare, for a business it can be devastating. Especially for small businesses, it can lead to a point of no return. It affects the credibility of the business and can lead to them shutting down. Hence, the most important task for business managers is to manage cash. Can you imagine how a business no matter how big or small will run, if it does not have enough cash? Impossible! Right? So, let’s get to the presentation to know the whereabouts of cash management. Please refer.

Vaisakh JP

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