A sweep account is actually a combination of two or more accounts at a bank or financial institution. It is useful in managing a steady cash flow between a cash account where scheduled payments are made from and an investment account where the cash is able to accrue a higher return.
Can you please explain the difference between expenses and expenditure?
How to define supplier?
List the steps to take before making payment?
Define open item managed account?
What is cost sheet?
Why is it a good thing to have a checking account?
What is a bank?
What are some reasons to have a savings account?
Why do some people choose not to use banks?
Why policymakers are concerned about people who do not have bank accounts?
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