Sometimes, small businesses can not accurately manage their cash flow. You do not need to be a finance person to keep your cash flow in order. You can develop a strategy that fits into your schedule and your business model. The following five cash flow management tips that will significantly improve your business’ financial health are: 1. Know your break even point, 2. Streamline your accounts receivable, 3. Maintain a cash reserve, 4. Extend your accounts payable, 5. Identify which expenses are essential for growth and which are not. Read more at: http://www.business2community.com/finance/cash-flow-management-tips-small-business-01915621#oDfWZ0ZGTO4YxymO.97

Keeping accounts is important to every business, including small and medium business also. Bookkeeping is the first step in keeping records of financial transactions which includes records kept in a journal, ledger, accounts receivable and payable, etc. Bookkeeping is important as it keeps track of the company’s money, show how the company performs on a daily, weekly or monthly basis, and help to prepare the company’s income tax return. Bethany Wesch (writes about blogging, branding and online marketing), writes in her article about different general accounting systems that all small businesses are expected to have. Read more at: http://www.business2community.com/finance/important-accounting-systems-all-small-businesses-should-have-in-place-0324326