Cash management

Cash is the primary indicator of business health. An organisation can survive briefly without sales or profits, without cash it will fold. Therefore the inflow and outflow of cash needs careful monitoring and management.
Effective cashflow management protects the financial security of your business.
Good cash management means:
•    Knowing when, where, and how your cash needs will occur,
•    Knowing what the best sources are for meeting additional cash needs; and,
•    Being prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.