Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
How to manage our finance in business organisation
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="ENZO5, post: 320976, member: 99563"] Have you ever wonder why most business fail? The reason is that they don't know how to manage your finance properly. What does managing finance in a business organisation require? Managing finance in a business organization requires careful planning, monitoring, and control of financial resources to achieve the organization's goals and objectives. Here are some key steps to consider when managing your finances: ESTABLISH A BUDGET: Develop a budget that clearly outlines your expected income and expenses for a set period of time. This will help you determine how much money you have available to circulate to different areas of your business. TRACK YOUR EXPENSES: Keep track of all your expenses, including both fixed and variable costs. This information can be used to make informed decisions about how to allocate your resources more effectively. CONTROL YOUR CASH FLOW: Make sure you have enough money coming in to cover your expenses. Consider setting up a system to track your cash flow and monitor your accounts receivable and accounts payable. MAKE INFORMED INVESTMENT DECISIONS: Invest in assets that will help your business grow and generate income. Consider the risks and potential returns associated with each investment. MANAGE YOUR DEBT: If you have debt, make sure you are paying it off in a timely manner and manage your debt-to-income ratio. Consider seeking professional advice if you are not sure how to manage your debt effectively. PLAN FOR THE FUTURE: Create a financial plan that includes projections for the future. This will help you plan for expected expenses, such as capital expenditures, and ensure that you have enough money set aside to meet your future needs. SEEK PROFESSIONAL ADVICE: Consider seeking the advice of a financial advisor or accountant to help you make informed financial decisions. They can provide guidance on managing your finances and help you navigate complex financial issues. By following these steps and regularly monitoring your finances, you can ensure that your business is on a solid financial footing and well positioned for future success. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
How to manage our finance in business organisation
Top