#treasury-management
Manage treasury operations and cash positions effectively
Muni interest is federally tax-free under Section 103, but AMT and the de minimis discount rule can tax it. GO vs. revenue bonds and TEY math, explained.
ASC 320 sorts bonds by intent — trading gains hit earnings, AFS gains wait in OCI, HTM stays at amortized cost, and one early HTM sale taints the whole book.
Positive Pay matches every check against your issue file and holds mismatches for a same-day pay-or-return decision — add payee matching and cover ACH too.
Cash ratio equals cash and equivalents divided by current liabilities; 0.5-1.0 is the healthy zone for most small businesses.
Your bank turns idle checking balances into credits that pay your service fees — size the balance to your fees or the surplus expires monthly.
A money market account is FDIC-insured bank cash; a money market fund is an uninsured investment at a $1 share price — keep operating reserves in the account.
A zero-balance account ends every day at $0 — the bank funds each day's payments from a master account, so no cash ever sits idle.
Cash concentration sweeps idle balances into one master account daily; notional pooling only nets interest on paper. For small business, sweep accounts win.
A CD ladder staggers business CDs so one matures every quarter — your reserve stays liquid while earning 4% instead of 0.4%.
Business deposits above $250,000 per bank are uninsured. Split cash across banks, use ICS or CDARS sweeps, or hold T-bills to close the gap.
FASB's August 2026 proposal would let a stablecoin sit in the cash line only with direct issuer redemption, 1:1 segregated reserves, and annual disclosure.
Rippling's Business Banking pairs same-day payroll with 2.25% APY checking — judge the custody, lock-in, and fine print before switching.
