Cash & cash equivalents: The most liquid asset on the balance sheet
Cash equivalents:
Easily converted to cash, original maturity 90 days or less
Examples: Negotiable paper, bank CDs, money market accounts, petty cash, savings accounts, checks not mailed
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Recommended Tools
One of your top priorities as a small business owner is keeping a close eye on the money you bring in and pay out, which is why it’s critical to have the right accounting software. You need a program that helps you accomplish your daily accounting tasks. Here are our best picks for tools we recommend and use.
