Cash Management

Cash Receipts Procedures

Introduction Cash receipts procedures are an essential part of any business's financial management. It involves the process of collecting cash from customers and recording the transactions accurately. In this article, we will provide a step-by-s…


Cash Overdrafts

Understanding Cash Overdrafts A cash overdraft occurs when you withdraw more money than you have available in your bank account. This means that you have a negative balance in your account, and your bank has provided you with temporary credit to cov…


Cash Overdraft Definition

What is a Cash Overdraft? A cash overdraft occurs when a company's bank account balance falls below zero, and the bank allows the account to continue making transactions. In other words, the company has spent more money than it has available in …


Cash Flow Forecasting

What is Cash Flow Forecasting? Cash flow forecasting is a financial management tool used to estimate the inflow and outflow of cash over a specific period of time. It is an essential part of financial planning as it helps businesses to predict their…


Cash Concentration: Benifits, How it works, Tips

What is Cash Concentration? Cash concentration is the process of consolidating cash from multiple bank accounts into one centralized account to maximize cash visibility, control, and utilization. It involves transferring funds from subsidiary accoun…


Base currency Overview and Explanation

What is a base currency? A base currency is a currency used as the primary unit of account in a currency pair. It is the first currency listed in a currency pair and the value of the second currency is quoted in terms of the base currency. The base …


Bank overlay structure overview and explanation

What is a bank overlay structure? A bank overlay structure  is a type of mortgage loan program that allows borrowers to obtain multiple loans from different lenders in order to purchase a property. This structure is often used by borrowers who are u…


Bank Lockbox Overview and Explanation

What is a Bank Lockbox? A bank lockbox is a service offered by banks to businesses in which the bank receives and processes payments on behalf of the business. This service can help businesses save time and money by reducing the need for in-house st…


Types of bank accounts

What is a bank account? A bank account is a financial account that is held with a financial institution, such as a bank or credit union. These accounts are used to store and manage money, and can include various types of accounts such as checking, s…

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