A sweep account is a combination of two or more accounts at a financial institution used to manage a steady cash flow between a cash accountant an investment account. Sweep accounts are primarily used to avoid paying interest on business checking accounts and optimizing investment returns, while leaving the money easily accessible.
Chat with our AI personalities
A sweep account's funds are managed in a primary cash account and secondary investment accounts.
real accounts
There are different types of accounts in accounting. Some of these accounts are asset account, liability accounts, equity accounts, and operating expense accounts. There are many titles that coincide with these accounts.
are accounts payable accounts that expect will be paid to u
Accounts Payable