Why does a company need to have cash on hand?

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Wilfredo Wisoky asked a question: Why does a company need to have cash on hand?
Asked By: Wilfredo Wisoky
Date created: Mon, Aug 30, 2021 7:46 PM
Date updated: Tue, Sep 27, 2022 4:48 AM

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Video answer: Quickbooks petty cash

Quickbooks petty cash

Top best answers to the question «Why does a company need to have cash on hand»

  • Cash is the lifeblood of a business. For a company to cover its operating expenses it needs to have sufficient money on hand to pay its employees, contractors, vendors, and suppliers. Companies also need money to fund capital expenditures

Video answer: How much cash should you keep on hand? @tentononline

How much cash should you keep on hand? @tentononline

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