How To Carry Out Financial Management At The Beginning Of Entrepreneurship?

Question: I started a business with my classmates, and I was doing the shoe business.

I am responsible for delivery and financial management at the source, and my classmates are responsible for sales elsewhere.

At the beginning of business, how should we carry out financial management? What problems should we pay attention to in accounting pactions?

Answer: no matter how small the scale of an enterprise is, there must be a financial system or an accounting operation criterion.

From the point of view of financial management, first, we need to record the basic financial accounts and make statements according to the financial figures.

As a manager of initial business, we must first understand the meaning of the three major financial statements, and we should know that the three major statements have their key points.

The three major statements are a whole. The results of a complete business operation can not be seen in the case of individual disassembly. The three major statements are:

The balance sheet: where does the enterprise's money come from? What assets do the enterprises invest in these funds?

Profit and loss statement: the cost structure and the level of profit.

Cash flow statement: cash inflow and outflow in three activities, such as operation, financing and investment.

From the background of the introduction of the questioner, because the company's business involves different places.

Cash pactions, so cash pactions, paction notes and other bills must be kept intact and consistent with the books recorded.

For startups, there is another important financial issue that needs attention.

We should pay attention to inventory and cash flow, and reduce unnecessary cost when circulating.

Matters needing attention in accounting pactions include the following items: 1. the original data are kept intact.

2., make clear accounts with customers, especially the subsidiary ledgers, collect money promptly, and settle accounts at the end of the month.

3. pay attention to credit evaluation when developing new customers.

4. check the bank statements by yourself.

5. shareholders prepare monthly

。

6. report monthly cash status and financial statements to partners.

7. the business expenses of the field sales must be reimbursed in time, and the quota and reimbursement method must be set down first.

Entrepreneurs must be afraid of checking, not afraid of facing financial figures, and not afraid of financial analysis, because finance is the most important thing for an enterprise. It can help you optimize business decisions, help analyze business conditions, and help you achieve the goal of creating personal value faster.