oboloo Glossary

Accounting Cash

oboloo Glossary

Accounting Cash

Accounting Cash is the measurement of all cash and cash equivalents within a business. This includes currency, checks, credit card payments, prepaid expenses and money orders. Accounting Cash provides businesses with a general overview of their financial status: what is available to spend, the amount that needs to be paid back, and how much cash flow the company has in its accounts. Knowing the exact amount of cash that is on hand helps businesses plan for their short and long-term goals, ensuring their success and growth.