Why is Working Capital Management Necessary for Your Business?


It is impossible to overstate the significance of working capital management to your company. One of the best indicators of a company’s health is how its working capital is managed. But what exactly is working capital? Working capital, which includes items on your balance sheet like cash, unpaid invoices, existing inventory, current accounts payables, and liabilities, is, in a nutshell, the difference between your company’s available assets and liabilities. That sounds easy enough.  However, how do all of these various components combine to form the centre of working capital management?…

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