Financial planning, Budgeting, and controls Reasons for budgeting A business cannot open its doors each day without knowing what to expect and close its doors without knowing what happened. A company cannot run without proper preparation for the future and control its actual performance to meet its financial goals. Business managers […]
How to find Working capital finance? It is capital that is used in day–to–day operations of the business. It is the balance from the current assets minus the current liabilities. A shortage of working capital creates Cash flow problems in the business. There are two ways to find your business’s working […]
Creating Cash Flow with Old Inventory Most small owners like to keep the old inventory in the store warehouse without realizing the result of their actions. Eventually, that will affect the business and go into bad shape. Unfortunately, most small business owners do not understand about inventory. They must know that […]
Enforce Internal Control What is internal control? Internal control is vital to protect the company from mistakes and fraud. A business will not be able to survive in the long run or grow if internal control is not enforced. Every business needs internal control as any company is targeted for theft. […]