Financial Management Is A Hard Nut To Crack Among Many Small And Medium-Sized Enterprises.

At present, the pformation of financial management of small and medium-sized enterprises determines the orientation and mode of enterprise financial resources allocation, which affects the flow and efficiency of enterprise capital operation.

1, the credit management ability of small and medium-sized enterprises is low. At the same time, the small and medium-sized enterprises' demand for capital has a small amount, but the frequency is frequent and the randomness is large, which leads to the increase of financing cost and the complexity of financing.

2, China

At present, most of the company's financial governance structure is not perfect, and financial statements are not standardized, which can not provide enterprises with timely reflection of the liquidity and profitability of enterprise funds.

Specific information.

3, some small and medium-sized enterprises have duplicated construction.

Inefficient use and blind investment phenomenon, assets and liabilities are relatively high, and corporate capital risks are large.

4, at present, most of the small and medium-sized enterprises in China are the general manager, the boss is the chief financial officer, the funds are left pockets out of the right pocket, the main responsibilities of financial management personnel are accounting, reimbursement, statistics, inventory, statements, tax returns, social security and wages, financial management family color is strong, financial system is not standardized, financial personnel quality is not high, financial management level is low.

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In order to find out the cost of each operation cost of a company, we need to calculate the corresponding return on capital and its percentage in the revenue system.

Your financial software (such as QuickBooks) should be able to create similar reports easily.

The results were compared with the average of last month, the last three months, the first few months of this year and the data of the same period last year.

Second, examine the reasons behind each data.

I have a client whose recent parking fee for freight cars has increased significantly compared with the previous quarter and last year, which greatly reduced the company's revenue.

From this we analyzed the parking management of the city where the company was located, so we suggested that he change the delivery time, implement the peak shifting system and start the ticket defense service, which is more economical than handling every ticket.

The establishment and use of budgetary system is one of the most important links in financial management.

Through the budget mechanism, we will establish an estimation system for the details and benefits of expenditure in the coming year.

It allows you to think about the origin of every expenditure naturally.

It needs to be reminded that over budget is always unavoidable. Don't worry, as long as we can find out the reasons for overspending, we can make moderate adjustments.

Simplifying actual expenditures into data or trends and converting them into intuitive and essential reports for analysis.

Profit, expenditure, income and cash flow are particularly important indicators.

Financial software can provide essential reports to all enterprises in all walks of life, regardless of size, and automatically generate data.

On the basis of daily or weekly reporting system, let you and the management team quickly get to know the company's movements and problems.

This is the most important representation of the company's operation. Whether the news is good or bad, it will help the steer to have a good idea of his company.

If it is difficult to find such service tools, we can analyze all kinds of data of industry associations, such as overhead ratio.

At the same time, data sharing can be sought from some local businesses of the same size - non competitors.

You can get the local rent, salary level and other cost related data.

Generally speaking, it is difficult for enterprise managers to get reliable data related to their own industries without paying a certain fee, but smart helmsman can always take the initiative to make strategic plans with some analytical tools.

ProfitCents, a commercial service software provided by Sageworks, is an effective tool.

Once a business leader thought his sales cost was very low, but according to ProfitCents's data, the cost was two times the average of the industry.

Eventually, the helm reorganized the Sales Department of the company, saving over $100 thousand a year.