Post by account_disabled on Mar 7, 2024 2:11:25 GMT -7
The routine of small entrepreneurs is not easy! They usually run from one place to another fulfilling various tasks from all sectors of the business. With the focus on production and sales, daily, urgent and essential demands, financial organization may end up taking a backseat, for when there is a little time left. Focusing on financial management only when possible can be extremely dangerous, especially as the business grows and so does the inflow of money. There comes a time when writing down on paper how much you need to pay the supplier on that day and keeping it in your pocket can simply make you lose control and, consequently, money. If finances are not organized properly, it becomes very difficult to project amounts to be spent, plan reductions and ensure that expenses do not exceed their limits. To continue growing and profiting, a company cannot fail to value the organization of the information necessary for optimal financial management of the business. But how do you start coordinating business finances? Three basic steps to organize your finances Sebrae , the Brazilian Support Service for Micro and Small Businesses, advises that entrepreneurs start with three elementary concepts: cash flow, income statements and balance sheet.
They are the main analysis and planning tools for small businesses that intend to grow. The first, cash flow, is the most essential of all and serves to indicate the amounts that were paid and those received in a given period of time. It is necessary to have full control of the money that came in and what went out of the company's balance and always determine the amount available in cash. This flow is a continuous process and the information from it is essential for the next step, the income statement. By indicating the sales volume, the cost of goods sold, variable and fixed expenses and crossing this information, it is possible British Student Phone Number List determine your company's net profit. This process is the results statement, which serves as a diagnosis for your business. He is the one who answers where the costs that can be reduced are, where you need to invest, how to control stocks of various goods, among other actions. The balance sheet must contain indicators of the company's assets (amounts receivable) and liabilities (amounts payable). This account will indicate the net equity, which will represent the company's own resources.
Depending on your type of business, other concepts and controls must be added to the basic ones. The idea here is to maintain full control of what goes out, what comes in and how much capital is invested in the company. Developing management with the use of software Having taken the first steps and established the company's capital flow control tools, it's time to surround yourself with tools that can optimize the management of this information. For entrepreneurs who do not have a financial team at their disposal, the tip is to invest in software that can do most of the control work. The software available on the market today is capable of optimizing various tasks at an extremely lower cost, as there is no storage, no use of paper and no large team. They help to increase the company's productivity, relationships with employees and customers and, of course, financial management. The programs that cannot be missing in a small company are ERP, for business resource planning, and CRM, for customer relationship management. Software and even basic management applications can be accessed from both computers and mobile devices.
They are the main analysis and planning tools for small businesses that intend to grow. The first, cash flow, is the most essential of all and serves to indicate the amounts that were paid and those received in a given period of time. It is necessary to have full control of the money that came in and what went out of the company's balance and always determine the amount available in cash. This flow is a continuous process and the information from it is essential for the next step, the income statement. By indicating the sales volume, the cost of goods sold, variable and fixed expenses and crossing this information, it is possible British Student Phone Number List determine your company's net profit. This process is the results statement, which serves as a diagnosis for your business. He is the one who answers where the costs that can be reduced are, where you need to invest, how to control stocks of various goods, among other actions. The balance sheet must contain indicators of the company's assets (amounts receivable) and liabilities (amounts payable). This account will indicate the net equity, which will represent the company's own resources.
Depending on your type of business, other concepts and controls must be added to the basic ones. The idea here is to maintain full control of what goes out, what comes in and how much capital is invested in the company. Developing management with the use of software Having taken the first steps and established the company's capital flow control tools, it's time to surround yourself with tools that can optimize the management of this information. For entrepreneurs who do not have a financial team at their disposal, the tip is to invest in software that can do most of the control work. The software available on the market today is capable of optimizing various tasks at an extremely lower cost, as there is no storage, no use of paper and no large team. They help to increase the company's productivity, relationships with employees and customers and, of course, financial management. The programs that cannot be missing in a small company are ERP, for business resource planning, and CRM, for customer relationship management. Software and even basic management applications can be accessed from both computers and mobile devices.