Cash Management

While profit is what business owners usually look at, cash shortages can prevent you from meeting your financial obligations and make it difficult to expand your business. In some cases it will mean you will need to close your business. It is vital for a business owner to understand that profit doesn't neccessary translate to cash.

• Debt Recovery
  In order to minimise, if not avoid the chances of incurring bad debts, it is best to follow these simple rules.
• Raising Finance - Types of Loans
  A factor that determines the success or failure of a business is financing. Learn how to raise finance and the types of loans available.
• Cash Management
  Business analysts report that poor management is the major reason why most businesses fail. So how can you manage your cash situation better? In this section we'll take a look at the cash flow process to find out.
• Financial Controls for a Small Business
  No matter how much profit your business is making, poor financial management can cripple your business. How comprehensive are your management practices? Are your financial records truly accurate? This list covers some financial controls that are important to your business.
• Collection Techniques
  The longer an account goes unpaid, the more difficult it becomes to collect. Many business owners fall into the trap into believing that all accounts will be paid in time. Here are some debt collection techquies to help recover some of these debts.
• Aging of Account Receivable
  Accounts receivable are dollars due from customers. Learn the method of aging of account receivable as this can help your business identify you problem customers. It also allows you to manage your credit policies.
• Aging of Accounts Payable
  Accounts payable are obligations due to trade suppliers who have provided inventory. They are the inverse of accounts receivable. It is important that this is managed as without the support of your vendors, your business is soon sure to fail.