Before I explain how a cash budget helps a firm mange it’s current assets efficiently it’s important that I break down what a cash budget is. “A cash budget is an estimation of the cash flows of a business over a specific period of time. The cash budget provides a company insight into its cash needs and helps to determine an efficient allocation of cash.” (James, 2021) Looking at the definition, it’s clear that there is tremendous value in having an effective cash budget. When we use the term working capital in finance we are referring to the difference between a companies assets and their liabilities. Most organization’s rely on working capital to fund their operations. Having a cash budget allows a company to understand how much working capital it currently has to run their business. I believe that a cash budget does impact working capital because both of the two go hand in hand with one another. Intrested in hearing other perspectives on this as well.
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