Working capital
A structured reading of the cash tied up between selling, collecting and paying.
The question
Where does operating cash wait? Review receivables by age and dispute status, inventory by movement, and payables by agreed terms. The balance alone rarely explains the operational cause.
The approach
Trace a small set of transactions through the order-to-cash and purchase-to-pay processes. Distinguish temporary timing from recurring delays. Include the people responsible for billing, collections and purchasing in the interpretation.
The working output
A cash-cycle view, a collection priority list and a review rhythm help management connect accounting balances to daily action. Track the same definitions across periods rather than changing measures to fit a preferred story.