Advantages to Good Cashflow Management

A sale is not a sale until the goods and services are paid for... here is another good article on Cashflow...

Cash is what enables a business to survive and grow and it is what indicates that a business is healthy. Without cash your business won't go anywhere. Your business would survive without sales for a while but if it doesn't have cash behind it you can safely say it is doomed from the start.
In order to keep your business from failing you need to have good cash flow management. You need to keep track of all your business incomings and outgoings and one way of doing this is to choose a good accountant. By doing this it will save you and your business time and money. When you are choosing an accountant you should keep considerations such as the following in mind:
o Whether you feel comfortable and at ease talking to the accountant about the business and any problems you may have
o Getting advice on the best accounting and payroll systems to use
o Are you comfortable with keeping your accountant informed of any changes to your business to ensure you get the best, most up-to-date advice?
o Regularly compare costs to ensure you are getting value for money
Another way of achieving good cash flow management is through the process of monitoring, analysing and adjusting your businesses cash flow. In order to do this you need to perform a cash flow analysis on a regular basis in order to stop problems from happening.
Cash flow management is essential to keep organisations in business and to help you maintain your management you should perform what is known as cash flow forecasting. By forecasting the cash flow of your business you are able to predict peaks and falls within your cash flow and it also comes as a help to you if you ever need to approach a bank concerning your finances. This is because many banks require forecasts before they will consider giving you a loan. When you are undertaking cash flow forecasting it is important that you have two cash flow forecasts; one that covers the next twelve months and another showing the actual figures for the past twelve months.
By maintaining the cash flow to your business it allows you to identify the sources and amount of cash that is coming into your business as well as where your money is going and the amount of money that is going to all the different places.
The purpose of good cash flow management is to provide a business owner with projected figures that were calculated to ensure the survival of a business and to achieve business targets.
So what are some of the most important aspects of cash flow management? For small businesses the most important aspect of management is avoiding extended cash shortages, which is often caused by having too much of a gap between cash flowing in and out of a business. You won't be able to stay in business if you can't pay your bills for any extended length of time.
Cash flow management is key to ensuing that your business succeeds where many other businesses have failed so get a grip on your finances today and get your cash flow management off the ground and in full swing.

Helen is the web master of Angel Start-ups, financial experts in all areas of business finance and Cash Flow Management [http://www.angelstartups.com/articles/showarticles/CashFlowManagement/1/CashFlowManagement.html].

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Cashflow Management For Small Businesses

There are a number of tasks that are essential to be included in any small business cash flow management system. Some tasks are daily, some are weekly and others are on a monthly basis. Defining who is responsible for the tasks and routinely checking that they are done is good management. Be proactive in knowing what cash you will need in the future.

To manage the cashflow of a business, within the day to day operation, it is essential to include the following tasks:
1. Prepare and review your Cash Flow Plan weekly. How much cash are you starting with, what cash is due in and what cash is due out.
2. Reconcile your cash taken daily including payments received from credit cards. Monitor your internal controls for handling cash. Have different people reconcile your bank accounts and cash accounts to those who deposit the checks and cash.
3. Review your Profit and Loss at least monthly. Preferably prepare your P&L in house or get your accountant to do it for you, but do not wait too long. Accounting software packages such as Quickbooks and MYOB are suitable for a range of small businesses and are easy to set up to generate P&L reports.
4. Review your Balance Sheet monthly. Calculate your quick ratio (liquid assets divided by current liabilities) -should be greater than 1 and your current ratio (assets divided by liabilities) - at least 2 to 1 is good.
5. Ensure any excess cash is earning you interest and is also easy to access.
6. See your bank for a line of credit before you need it
A Small Business owner may wear many hats across his/her business, however Cash Flow Management is one area that the Business Owner is wise not to delegate or ignore.

To learn more about cashflow management, profit and loss and balance sheets and how they all fit into together. Click here http://morecashflowoptions.com

Bronwyn Buck assists business owners to increase their cash flow and profits a step at a time. Whether the business is planning to grow, or recover from a set back or just stay as it is, simple action steps are created with the business owner to suit the business needs.
Need to get More Cash Flow in your Business? FREE "7 Step Cash Flow Crisis Rescue Guide" reveals the steps to take for getting more Positive Cash Flow into your business. Not in a crisis, that's good news. The 7 Steps can still be used and applies to any size or type of business. Click Here => http://morecashflowoptions.com

Article Source: http://EzineArticles.com/?expert=Bronwyn_Buck

How to get to gribs with Business Finance

Many  business owners will find that to be  in control of their  Business Finances is not an easy task, especially if you have no financial background and that you have been running your business for many years and you have been focusing on getting more clients and making  things work the best as possible.  I would like to congratulate you but this is not enough to have great success in your business. If  you don't understand how your business finances are doing, you can easily lose control and as a result lose the business  in the worst case.
The good news is that  you don't need to become an accountant to understand accounting.  The  most important is to be able to understand the language of what financial statements  and what each figure mean Once you have this under your belt, you are good to go to make it happen.
Nevertheless good training is  not easy to find and secondly good quality training is expensive, and more so if you want Accounting 101. This is the perfect way to learn though as it gives the gist straight away without having to go through the boring topics that academic books contain and which are not even useful to you. A 2-day seminar with a reputable financial training company costs between $10,000 and $20,000. This is a lot. So how is it possible then to learn how to understand accounting and get Accounting 101 for a reasonable price. Well thanks to technology,  the solution is here for you: Online Accounting Tutoring.
Online Accounting Tutoring is the best way to meet high standards with good price. You can have interactive discussion with your tutor in the live classes or seminar, get your training material shipped to your home, addresses the issues you want on a one to one basis if needed, share your ideas with other students and get the most of it all from the comfort of your own home.

Business Finances Made Easy's mission is to help business owners getting an accurate understanding of their business finances. This will allow them to be able to discuss their business finances at any time with confidence and will help them to get additional funding on demand.
If you are interested, please contact  askanitali@gmail.com