Business Cash Management: Put Excess Cash to Work

What should business owners do with excess cash that is not needed for payroll, taxes, daily operations, or near-term expenses? In this Financial Quarterback segment, Jim Lineweaver, CFP®, AIF® and Chad Roope, CFA discuss business cash management and how owners can evaluate savings options, fixed income, municipal bonds, liquidity, and taxes. Effective business cash management starts by separating cash according to its purpose and timing. Some reserves need to remain immediately accessible, while other cash may have a longer time horizon.