Cash on hand

John B · 06-15-2001, 09:33 AM

while doing my business plan I came across a section with regrad's to cash on hand. what I would like to know is do's this means money in savings only? but my question is can you count your Mastercards and visa since they are considered cash on hand as well. if so then I can add another $17,000 to my total savings. looking for a answer from someone that know's banking. thanks

Sonshinetans · 06-15-2001, 09:59 AM

Technically it is not cash on hand. It is available credit. It could be cash on hand if you wrote a check on the credit card account, but then you would have a liability and it would be a wash.

Neon Beach · 09-24-2004, 06:52 PM

John, go ahead and add $170,000 to that total. I know banking, cause the banks know me, and when I ask them how much cash I have on had, they say none. Meaning I don't gots no cash.

Cash on hand means, how much cash do you have.........., I donno, ................ on hand!

lil_missfit · 09-24-2004, 06:53 PM

Neon what are we going to do with you?

Neon Beach · 09-24-2004, 06:58 PM

Sorry, this place needs some spicying up, no that's not the right spelling, this place needs some, no, I think that is the right spelling, lately. Lose the soap opera story line and it gets dull, sorry!

perfecttan01 · 09-24-2004, 10:51 PM

Terminology for cash on hand: Something you had better have lots of to get through slow season.

top250tansyou · 09-26-2004, 10:54 PM

Neon - good answer. I love newbies. John sorry. I have to say though I have never done a business plan. Come on though - Cash on hand. When I ask my wife (jump on me if you must) how much money do we have. I dont mean credit cards. I dont think you have to pay the bank interest for "cash on hand". You are from Tenn though so I dont know. Hey your coach been to Alabama latey?

top250tansyou · 09-26-2004, 10:54 PM

Lately. Neon sorry you dont get the last line.

SwedaGuy · 09-27-2004, 10:58 AM

I'm from TN, too, so I know what you mean...

Cash on hand is, just that, and for purposes of a business plan will include cash in banks (checking and savings only), petty cash, and till cash from your register. Credit card debts are a liability, and available credit is not recognized on the books. Ie, there is no way to write up available credit as cash, or any other asset for that matter.

Incidentlly, we have CD's, and even that's not considered "Cash on Hand", because it's on a time schedule and can't be withdrawn on demand without a penalty.

SwedaGuy · 09-27-2004, 11:00 AM

Neon, I just realized that you pulled up this post from 2001...getting bored, are we?

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06-15-2001, 09:33 AM	#1 (permalink)
John B Join Date: Jan 10 2001 Location: Crossville,Tn Posts: 162 Rep Power: 8	while doing my business plan I came across a section with regrad's to cash on hand. what I would like to know is do's this means money in savings only? but my question is can you count your Mastercards and visa since they are considered cash on hand as well. if so then I can add another $17,000 to my total savings. looking for a answer from someone that know's banking. thanks

09-24-2004, 06:52 PM	#3 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	John, go ahead and add $170,000 to that total. I know banking, cause the banks know me, and when I ask them how much cash I have on had, they say none. Meaning I don't gots no cash. Cash on hand means, how much cash do you have.........., I donno, ................ on hand!

09-24-2004, 06:53 PM	#4 (permalink)
lil_missfit Join Date: Sep 29 2003 Location: Arizona Posts: 2,149 Rep Power: 8	Neon what are we going to do with you?

09-24-2004, 06:58 PM	#5 (permalink)
Neon Beach I'm Banned Join Date: Nov 30 2000 Location: Ontario Age: 45 Posts: 52,065 Rep Power: 0	Sorry, this place needs some spicying up, no that's not the right spelling, this place needs some, no, I think that is the right spelling, lately. Lose the soap opera story line and it gets dull, sorry!

09-24-2004, 10:51 PM	#6 (permalink)
perfecttan01 Join Date: Aug 31 2002 Location: U.S.A. Posts: 788 Rep Power: 7	Terminology for cash on hand: Something you had better have lots of to get through slow season.

09-26-2004, 10:54 PM	#7 (permalink)
top250tansyou I love Derf!! Join Date: Jan 1 2004 Location: little rock Posts: 2,237 Rep Power: 6	Neon - good answer. I love newbies. John sorry. I have to say though I have never done a business plan. Come on though - Cash on hand. When I ask my wife (jump on me if you must) how much money do we have. I dont mean credit cards. I dont think you have to pay the bank interest for "cash on hand". You are from Tenn though so I dont know. Hey your coach been to Alabama latey?

09-26-2004, 10:54 PM	#8 (permalink)
top250tansyou I love Derf!! Join Date: Jan 1 2004 Location: little rock Posts: 2,237 Rep Power: 6	Lately. Neon sorry you dont get the last line.

09-27-2004, 11:00 AM	#10 (permalink)
SwedaGuy Waiting Confirmation Join Date: Sep 3 2004 Posts: 777 Rep Power: 0	Neon, I just realized that you pulled up this post from 2001...getting bored, are we?

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