Cash Flow Management
Cash flow management for business is the process of monitoring, analysing, and optimizing the net amount of cash receipts minus the cash expenses. Net cash flow is an important measure of financial health for any business. It helps the business owner to analyse optimum cash needs; this can be achieved by estimating the monthly cash needs and identifying the sources from where these can be met.
Cash flow management involves:
Knowing when, where, and how your cash needs will occur,
Knowing the best sources for meeting additional cash needs and
Being prepared to meet these needs when they occur, by keeping good relationships with the debtors and creditors.
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