Clover Business Tips — text status

Just because you have $100,000 in the bank doesn't mean you have $100,000 available to spend. Some of that money may already be needed for payroll, sales tax, upcoming bills, customer deposits, or loan payments. Spending it because the balance looks healthy can create a cash shortage later. Every week, look at your bank balance and subtract what you need to pay over the next 30 days. That's a much better picture of how much cash you actually have available.