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Fast Cash
Cash is the most liquid asset for a business firm. While the proportion of corporate assets held in the form of cash is very small, often between 1 per cent and 3 per cent, its efficient management is crucial to the solvency of the business because in a very important sense cash is the focal point of fund flows in a business. In view of its importance, it is generally referred to as the life blood of a business enterprise.
Why does a firm need cash? There are two primary reasons for a firm to hold cash: to meet the needs of day-to-day transactions and to protect the firm against uncertainties characterizing its cash flows.
Despite its benefits, cash is an idle resource. The trade-off for cash holding is that you get liquidity but sacrifice profits by foregoing alternative investment options. That is why the financial manager should carefully control cash.
Short-term cash budgeting is the principal means by which cash is managed. Cash budgets, routinely prepared by business firms, are helpful in estimating cash requirement, planning short term financing, scheduling payments in connection with capital expenditure projects, planning purchases of materials, developing credit policies and checking the accuracy of long- term forecasts.
Firms use multiple short-term forecasts, of varying length and detail, suited to meet different needs. The commonly used designs for short-term cash forecasts are one year divided into quarters, or months and one month divided into weeks. A firm, hard pressed with liquidity crunch, may even prepare a weekly cash forecast divided into days. The point to be emphasized here is that these multiple formats serve different purposes and should not be regarded as mutually exclusive. The principal method of short- term cash forecasting is the receipts and payments method.
Same day loans: Respite from Deepening Financial Crisis
There are moments, when you seem to be in a hopeless position, while taking care of expenses that you are least expecting. Assuming that your financial condition is not up to the mark, you can find solace in the fact that at least you can seek external financial assistance, which has been designed for the sole purpose of providing quick interim monetary relief.
On the sole basis of your need and requirement, you are free to derive a loan amount in the range of £100-£1500. These loans are made available to you in lieu of your next payday. This is why; the loans are made available for a short period of 14- 31 days maximum. Since, the loans are made available to you for a relatively short term; you get to avail the funds without the need of pledging collateral. Moreover, applicants with severe credit disputes too can acquire the funds.
In order to procure the loans, there are certain preconditions that need to be fulfilled. They are listed as follows:
A regular job with a fixed monthly income
An active bank account
Age should be more than 18 years
Same day loans are ideal to meet expenses pertaining to short term needs such as paying medical bills, school fees, car accidental repair, going for a short vacation and so on. As these are short term loans, the interest levied is marginally higher, which makes the loans a bit expensive. But then, on undertaking a proper research of the online mechanism, you can come across lenders offering these loans at nominal rates.
To acquire these loans with the best possible offers and that too without any hassles, you can make use of the online mode. Online application is also relevant, as it saves you a great deal of time.
Check book loans are designed as short term monetary provision, where in the amount is released in to your account in less than 24 hours. Further, these loans are best suited to the needs of the salaried individuals.