Although sound cash management principles call for a business owner to keep her/his cash as long as possible, slowing accounts payable too drastically can severely damage a company's credit rating.

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Slowing accounts payable too drastically can damage a company's credit rating because it gives the impression that the company is having cash flow problems and cannot pay its bills on time. This can make suppliers hesitant to extend credit in the future and may also lower the company's credit score. Therefore, it's important to balance cash management with maintaining good relationships with suppliers and preserving the company's creditworthiness.

Although Sound Cash Management Principles Call for a Business Owner