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The Dead Money Trap: Why your business bank balance might not be working as hard as you think

The Dead Money Trap: Why your business bank balance might not be working as hard as you think

May 22, 2026

In Ireland, “cash is king” has long been the default mindset for SME owners. And it’s easy to see why. A strong cash balance of €250k, €500k or more sitting in your account, feels like security. It’s your safety net. Proof of the hard work you’ve put in. A buffer for...

Dains Ireland is a trading name of McInerney Saunders Professional Services Limited (Registered in Ireland No. 747730).  The registered office is 38 Main Street, Swords, Co Dublin, K67E0A2. A list of partners is held at the registered office. The Company Directors of McInerney Saunders Professional Services Limited are O. Sheehy FCCA, N. Morrison FCA, CTA, CFP and D. Waters FCA.  McInerney Saunders Professional Services Limited is regulated by the Institute of Chartered Accountants in Ireland.  McInerney Saunders Professional Services Limited is part of the Dains group of companies.

Dains Ireland is a trading name of McInerney Saunders Audit Limited (Registered in Ireland No. 747740). The registered office is 38 Main Street, Swords, Co Dublin, K67E0A2. A list of partners is held at the registered office. The Company Directors of McInerney Saunders Audit Limited are O. Sheehy FCCA, N. Morrison FCA, CTA, CFP and D. Waters FCA. McInerney Saunders Audit Limited is registered to carry on audit work in Ireland and the UK and is regulated by Chartered Accountants Ireland. McInerney Saunders Audit Limited is part of the Dains group of companies.

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Disclaimer: Praxity does not practice the profession of public accountancy or provide audit, tax, consulting or other professional services. Services are delivered by member firms, which are independent separate legal entities. The Alliance does not constitute a joint venture, partnership or network between participating firms and Praxity does not guarantee the services or the quality of services provided by participating firms. Praxity is not a ‘network’ within the meaning of the IESBA Code of Ethics. Praxity is organised as an international not-for-profit entity under Belgian law with its registered office in Belgium. Praxity has its registered administrative office at Suite 2, Beechwood, 57 Church Street, Epsom, Surrey KT17 4PX, UK. which is operated under Praxity – Global Alliance Limited (company number: 07873027), a limited by guarantee company registered in England and Wales.

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McInerney Saunders Audit Limited is registered to carry on audit work and regulated by Chartered Accountants Ireland. McInerney Saunders Professional Services Limited is regulated by Chartered Accountants Ireland. McInerney Saunders partnership is regulated by the Central Bank of Ireland for investment business purposes. All three entities trade as ‘McInerney Saunders’.

Disclaimer: Praxity does not practice the profession of public accountancy or provide audit, tax, consulting or other professional services. Services are delivered by member firms, which are independent separate legal entities. The Alliance does not constitute a joint venture, partnership or network between participating firms and Praxity does not guarantee the services or the quality of services provided by participating firms. Praxity is not a ‘network’ within the meaning of the IESBA Code of Ethics. Praxity is organised as an international not-for-profit entity under Belgian law with its registered office in Belgium. Praxity has its registered administrative office at Suite 2, Beechwood, 57 Church Street, Epsom, Surrey KT17 4PX, UK. which is operated under Praxity - Global Alliance Limited (company number: 07873027), a limited by guarantee company registered in England and Wales.

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