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Ina ordera toa runa aa successfula businessa therea area manya rolesa thata musta bea executed.a Onea majora
rolea withina aa businessa isa financea anda financiala management.a Thea rolea ofa financea ina businessa
isa toa monitora anda plana fora thea future.a Sincea thea rolea ofa financea isa toa monitora anda plana
financiala managementa isa thea actionsa useda toa doa so.a Ina financiala managementa wea seea
activitiesa sucha asa planning,a budgeting,a creatinga structure,a asa wella asa decisiona making.a Usinga
ratiosa sucha asa debta ratioa whicha isa totala debta divideda bya totala assetsa planninga cana bea donea toa
paya outa outstandinga debta quicker.a Financiala managementa utilizesa manya ratiosa sucha asa onesa
fora liquidity,a assets,a inventory,a accountsa receivable,a fixeda assetsa anda workinga capital,a totala
assets,a debt,a coverage,a profitability,a anda marketa value.a Usinga thesea ratiosa witha thea dataa
collecteda fora monitoringa businessa activitiesa wea cana plan,a organize,a anda direct/controla fundsa
toa reacha businessa goals.
Outa ofa alla ofa thesea ratiosa wea learna thisa weeka thea onesa Ia ama mosta familiara witha isa thea onesa fora
accountsa receivablea management.a Asa aa bookkeepera fora aa housinga complexa Ia usea thesea toa
tracka oura averagea collectiona perioda ofa renta owed.
Thea rolea ofa financiala managementa ina businessa isa toa managea aa company'sa wealtha anda makea
strategica decisionsa toa helpa thea businessa becomea anda staya profitablea fora yearsa toa come.a
Everythinga comea downa toa moneya anda therea area countlessa toolsa toa makea managinga assetsa aa
lota easier.a Financiala managersa usea alla typesa ofa toolsa ina theira profession.a Mostly,a Ia woulda saya
theya woulda usea accountinga /a financiala reportsa toa gaugea wherea theya standa financiallya anda usea
reala timea dataa fora likea tradinga stocksa anda commodities.a Theya alsoa usea toolsa theya developeda
toa chargea customersa fora theira services,a whethera ita bea aa percentagesa ofa salesa ora aa flata feea ita alla
hasa toa bea figureda outa anda documenteda properlya fora thea informationa theya havea toa bea
determineda useful.a Thea rolea ofa financea ina businessa toa puta simplya isa toa determinea wherea thea
company’sa moneya goesa fora maximuma efficiency.a Financiala management’sa purposea isa toa
effectivelya dividea assetsa anda investa thema intoa departmentsa wherea theya area neededa toa forma
departmenta budgets.a Thesea budgetsa willa bea useda toa reacha companya goalsa sucha asa specifica
projectsa thata thea companya hasa chosena toa goa witha toa staya relevanta withina thea economya anda toa
maintaininga specifica operations.a Activitiesa fora financiala managementa isa ofa aa largea varietya
sucha asa determininga departmenta budgets,a analyzinga dataa reports,a collectinga financiala data,a
etc.a howevera thea mosta importanta activitya ofa financiala managementa thata Ia woulda saya
personallya isa propera communication.a Communicationa witha executivesa anda thea departmentsa
isa keya toa makinga surea thata thea companya isa investinga theira financialsa ina thea righta placesa witha
thea righta amountsa toa achievea thea company’sa projecteda goals.a Thea toolsa theya usea toa
accuratelya performa theira jobsa area accountinga softwares,a variousa dataa chartsa anda logs,a
accountinga reports,a anda currenta economya reports.a Manya toolsa area useda ina financea anda ifa thea
financiala managementa cana usea aa toola toa worka morea efficientlya anda effectivelya thena theya willa
usea it.a
Thea rolea ofa financea ina businessa involvesa managementa ofa moneya whena facilitatinga certaina
departments.a Financinga helpsa you,a asa aa company,a seea howa mucha profita you'rea makinga anda
whethera ita exceedsa youra costs.a Thisa helpsa someonea understanda thea financiala situationa ofa thea
company.a Somea activitiesa involvinga financiala managementa area longa terma investmenta
decisions,a longa terma financiala decisions,a anda workinga capitala management.a Thesea alla requirea
somea sorta ofa financiala backgrounda beforea movinga forward,a witha investmentsa ita isa importanta
toa looka ata howa wella thea companya preformeda thea previousa years.a Aa toola thata financiala
managersa leveragea toa accessa and/ora monitora thea healtha anda performancea ofa aa businessa isa
ratioa analysis.a Thisa helpsa thea managera toa looka ata thea foura aspectsa ofa aa companiesa financiala
state.a Ina mya opinion,a financea ina businessa isa extremelya importanta becausea ita affectsa thingsa
sucha asa profitability,a expenses,a casha anda credit,a soa thata thea "organizationa maya havea thea
meansa toa carrya outa itsa objectivea asa satisfactorilya asa possible.a Financiala managementa isa thea
effectivea handlinga ofa moneya througha planning,a organizing,a directinga anda controllinga
fundsa ina aa corporation.
Financiala managementa involvesa threea majora typesa ofa decisions:
a (1)a long-terma investmenta decisions:a Purchasinga ora buildinga aa newa warehouse,a merginga
witha anothera companya and/ora takeovera ofa anothera companya
(2)a long-terma financinga decisions:a takinga outa aa loana toa acquirea morea assetsa
anda
(3)a workinga capitala managementa decisions,a whicha area short-terma ina nature.a Thesea
decisionsa concerna thea acquisitiona anda allocationa ofa resourcesa amonga thea variousa activitiesa ofa
aa firm.1
Topa Financiala Managementa Tools
• Accountinga Systems.
• Expensea Tracking.
• Budgetinga Tools.
• Payrolla Management.
• Easya Billing.
• Inventorya Tracking.
• Taxa Preparations.
• Xero.2
Ina mya 30+a yearsa workinga asa aa worker’sa compensationa claimsa adjuster,a Ia havea hada somea
experiencea handlinga anda managinga money.a Ita isa mya professionala opiniona anda analysisa ofa aa
claimsa potentiala exposurea thata wea area ablea toa resolvea claims.a Ina mya linea ofa work,a Ia needa toa
adequatelya reservea aa filea fora fulla exposurea baseda ona thea informationa anda factsa wea currentlya
have.a Financea helpsa aa businessa determinea whata theya cana doa goinga forward.a Financiala
managementa specificallya helpsa youa linea upa alla ofa youra optionsa witha theira prosa anda consa toa
determinea whicha plana toa goa with.Ia worka fora ana oila anda gasa companya thata operatesa alla overa
Texas.a Everya timea oura landa departmenta decidesa toa sella ora purchasea aa singlea wella ora ana entirea
fielda ofa wellsa financea isa goinga toa helpa thema makea theira choice.a Whena wea purchasea ana entirea
fielda thena nota onlya hasa oura teama hada toa determinea ifa ita wasa thea besta investment,a buta oura banka
hada toa havea aa certaina levela ofa proofa asa well.a Often,a whena ita isa thata largea ofa aa purchase,a wea
geta aa loana froma thea banka thata wea thena paya offa ina aa certaina amounta ofa timea witha thea revenuea
froma thata field.a Whena wea goa toa thea banka fora thata wea havea toa showa proofa thata ifa somethinga
happensa toa thata fielda anda ita suddenlya doesn'ta makea thea revenuea expecteda thata wea cana stilla
paya offa thata loana througha thea usea ofa oura othera assets.Ina oura companya becausea thea statea ofa aa
singlea wella cana changea ata anya time,a theya havea weeklya meetingsa witha oura CFOa toa keepa hima
appraiseda ofa anya problemsa asa wella asa oura currenta revenue.a Thena whena oura VPa ofa
Accountinga closesa outa thea enda ofa thea accountinga montha therea isa anothera biga meetinga witha
oura ownersa anda oura CFO.a Thisa meetinga helpsa thema determinea ifa theya needa toa makea anya
changesa toa thea plan.a Witha alla ofa thea employeesa therea isa aa quarterlya meetinga thata coversa
wherea wea hita oura goalsa anda wherea wea fella short.a Ita coversa oura cashflowa anda showsa usa wherea
wea needa toa improve.a Ifa wea dida falla short,a thena theya explaina toa usa why.a Sometimes,a ita isa morea
abouta thea pricea ofa crudea rathera thana somethinga thata wea did.a Finally,a ata thea enda ofa everya yeara
theya decidea whata theira plana anda goala willa bea fora thea followinga year.Ita isa onea ofa mya favoritea
thingsa abouta thisa company.a Theya area verya transparenta witha theira employeesa anda theira ownersa
area alwaysa incrediblya appreciativea anda generous.
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