Cash Management Optimization Checklist ( FINANCE )

This checklist is designed to ensure effective cash management practices are in place to optimize liquidity and minimize financial risks. It focuses on monitoring cash flows, forecasting cash needs, and managing cash reserves efficiently.

• Monitor Daily Cash Flow

  Review daily cash inflows and outflows to ensure sufficient liquidity for operations and identify any cash flow issues.

• Forecast Cash Needs

  Project cash requirements for the upcoming weeks or months based on historical data and planned expenditures.

• Review Bank Account Balances

  Check all bank account balances to ensure they align with cash flow projections and identify excess or deficit balances.

• Manage Cash Reserves

  Determine appropriate levels of cash reserves to maintain for unexpected expenses or opportunities.

• Evaluate Investment Opportunities

  Assess potential short-term investment opportunities for excess cash to maximize returns without compromising liquidity.

• Conduct Monthly Cash Position Review

  At the end of each month, review the overall cash position to analyze performance against forecasts and adjust strategies as needed.