Cash-only sales policies or offering early payment discounts are not considered effective cash management policies.

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Cash-only sales policies and early payment discounts can both be effective cash management strategies. Cash-only policies can reduce the risk of bad debts and help the business maintain a steady cash flow, while early payment discounts can incentivize customers to pay quickly and improve the business's cash position.

Cash-Only Sales Policies or Offering Early Payment Discounts Are Not