Cash flow management at the level of personal finance is actually about paying attention to your cash needs. You then need to analyze your income and connect it with current and future expenses.
Money is what allows a business to survive and grow and that is what shows that a business is healthy. Your business will last without sales for a while, but if you don't have cash flow, it will be destroyed.
In order for your business not to fail, you must have good cash flow management. You need to track all your business inputs and expenses and one way to do this is to choose a good accountant. This will save you and your business time and money.
When you choose an accountant, you must consider the following:
o Do you feel comfortable talking with accountants about business and problems you might have
o Get advice about the best accounting system and payroll to use
o Are you comfortable with telling your accountant about any changes in your business to make sure you get the best and most current advice?
o Regularly compare costs to ensure you get value for money.
The aim of good cash flow management is to give business owners projected figures calculated to ensure the survival of a business and to achieve business targets.