This will help you manage your business finances in accordance with the portion set at the beginning of your business. Do not forget to allocate monthly expenses, including your salary. Although this is your own business, allocate your salary according to the responsibilities and figures of your needs. If you are forced to borrow business money, record as a cash / debt that must be returned later. Enterprises are not sufficiently managed on the basis of memory.
There should be a complete record. Ideally you have financial statements such as ruby / earnings records and balance sheets. But if it is not possible because it is still a new venture, at least you can make a report in and out cash money (cash flow). Every day, match the balance of money with your notes. Thus you can control all financial transactions. Both in terms of income, expenses, and payable and receivables owned in the company. Besides, a neat bookkeeping will also make it easier to evaluate in the business development.
There should be a complete record. Ideally you have financial statements such as ruby / earnings records and balance sheets. But if it is not possible because it is still a new venture, at least you can make a report in and out cash money (cash flow). Every day, match the balance of money with your notes. Thus you can control all financial transactions. Both in terms of income, expenses, and payable and receivables owned in the company. Besides, a neat bookkeeping will also make it easier to evaluate in the business development.
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| This will help you manage your business finances |
Make a projection note of the cash flows. With that projection, you will know when it's time to receive money, when to spend money. You can also check whether the company still has cash or not. With cash flow record, we can anticipate and find ways before going minus. If your cash flow smoothly, then all the obligations to be paid companies can also be met. Most business opportunities will be disrupted all operations, if the existing business cash does not run smoothly. For that, do not forget to always control your business cash flows. Separate accounting with the cashier. Although you already strongly believe in employees who hold the cashier position, it's good to remain cautious, especially if he also makes financial reports.
Periodically, periodically check receipts to prevent potential manipulation of reports / embezzlement by employees. For example, cash in the report is there, it turns out when audited there is no money (may be used for personal gain). Another manipulating gap is stock of goods that have been sold, reported unsold. As a result money that should have also disappeared. Therefore, always check the stock of goods on a regular basis. In addition, prevent there is no habit of staying in employee money. The money the employees take home, tends to be easy to use. Starting from the reason brother sick, urgent needs, to go home.