Your bank balance only tells you how much money has cleared your account. It doesn’t tell you how much cash is actually available to run your business. For multi-channel eCommerce brands, there are always financial commitments happening behind the scenes. Inventory that’s already been ordered, marketplace reserves, sales tax you’ve collected, and pending customer refunds… Continue reading Why Your Bank Balance Isn’t Your Real Cash Position (And What Is)
Why Your Bank Balance Isn’t Your Real Cash Position (And What Is)