The accessible resources needed to support the day-to-day operations of an organization.
Working capital is commonly in the form of cash and current (short-term) assets, including accounts receivable, prepaid expenses, accounts payable for goods and services, and current unpaid income taxes.
For more, see our articles on the LivePlan blog on accounts receivable and accounts payable.
At Bplans, it's our goal to make it easy for you to start and run your business. The Bplans glossary of common business terms will help you learn about key small business and entrepreneurship topics.
