By: Veronika Tondon

Financial management is one of the most important aspects for the success of any business. Many a times business owners end up neglecting financial and cash-flow management. This is detrimental for business growth and expansion. Well, if business finances are not managed properly, it can even impact the survival of a business. At times, entrepreneurs don’t take financial management seriously, as it is not a part of their core business activity. Tracking financial information should be done on a periodic basis, to sort out potential problems in advance. Here are some tips to help you manage your business finances more effectively.

1. Have A Vision 
2. Send Invoices On Time 
3. Late Fee 
4. Expense Control 
5. Tax Management 
6. Analyzing Outstanding Payments 
7. Vendor Payments 
8. Early Payment Discounts 
9. Business Budgeting 
10. Forecast Well 
11. Send Professional Invoices 
12. Hire Contractors 
13. Error Free Invoicing 
14. Adding Payment Terms On Invoices 
15. Online Payments 
16. Delegate 
17. Employee Productivity 
18. Invest Surplus Funds 
19. Creating An Emergency Fund 
20. Inventory Management

Read more at: http://www.evancarmichael.com/library/veronika-tondon/20-Tips-For-Managing-Small-Business-Finances.html