If you are currently preparing or even have started a business, you should note that one of the keys to business success is financial management.
Understandably, almost all important aspects of business are related to money. Starting from the procurement of raw materials, rental of business premises, transportation, promotion, employee salaries and many more. All need to regulate and control correctly and systematically.
Effective business financial management is a method to maintain the pace or flow of corporate funds so that there is no leakage that results in financial losses. Finance that is not managed properly is very risky for the smooth running of business finances. Although the company managed to market its products very well, if financial management is done poorly, the possibility of failure is very likely.
To Do List in Managing Business Finances
Separate personal / family accounts from business accounts in managing business finances.
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