On SME financial management problems and countermeasures _ paper to write network

Papers to write Net: Abstract: The key to sustainable development of SMEs financial management of enterprises. SMEs in the actual division of responsibilities, such as exist in other issues is not clear, small and medium enterprises for the current internal financial management problems, the article proposed solution: multi-channel financing to establish new financing ideas, establish a sound internal financial management system; improve the quality of staff management; focus on scientific Investment decision-making, efforts to reduce decision risk.

Keywords: financial management, optimize the financial structure, management system

First, the small and medium enterprises in the financial management problems
SMEs operating mechanism more flexible, and has a wealth of product variety, involving a wide range of areas and other characteristics of China's economic development plays an irreplaceable role in the current development of SMEs are facing many new contradictions and problems facing the core issue is sustainable development, while maintaining sustainable development of SMEs is the key to the financial management reasons, a considerable part of the business because of weak financial management resulting in financial management of SMEs in the following problems:
(A lack of modern financial management concepts
Most of the financial management of SMEs accounts also remain in the simple processing, many enterprises are making major strategic decisions, lack of scientific business management and democratic decision-making, not financial management into an effective mechanism for enterprise management, the lack of modern financial management concepts, so that financial management in business management lost its rightful place and role.

SMEs, a significant part of the private sector, investors, is the operator. Most of its financial staff are not born, but also with business-oriented, usually in business to determine its decision-making as the standard, the lack of global financial concepts, financial management infrastructure is weak. Finance accounting and management control by non-professionals, accounting accuracy is poor, the more confusing accounts, financial management going.

(B using family management
Family management, the lack of professional management talent. Limited to small and medium enterprises under its management division of coarse scale, less specialized managers, especially SMEs, mostly family-owned, it is difficult to attract talent. SME managers relationship to family-based, pro-hosting control weakened, to carry out financial management is very weak, mainly in the poor management of funds, accounts receivable turnover is slow, resulting in difficulties in the recovery of funds business, inventory control is weak, resulting in sluggish capital.

Meanwhile, business leaders on financial management lack of understanding of theoretical approaches and research, resulting in their duties, regardless, ultra vires act, causing confusion in financial management, financial monitoring nuclear lax accounting personnel alone boat difficult, and would like to standardize the management is very difficult. In addition, companies do not or can not establish an internal audit department, if any, it is difficult to ensure independence of internal audit.

(Three accounting bodies settings are not standardized, not clear division of responsibilities
SMEs, due to most of the family management organization, the accounting organizations are usually vertical management model, management span is small, narrow range, due to the size, financial resources, personnel constraints, SMEs accounting bodies in the prone position to set intersection and overlap affect the functions of accounting personnel, and in particular is not conducive to the enterprise's internal control.

In addition, SMEs generally will be mainly focused on the production and marketing business, Investment blindness large Investment direction is difficult to grasp, with little real attention to business risks, lack of risk management and control mechanisms, not to dedicate funding , set specific departments and personnel to strengthen prevention, control and reduce risk, risk management, awareness of difference.

Second, the financial management of SMEs Solutions
SME for the current internal financial management problems, to explore the financial management of SMEs solution to the problem.

(A change in the concept of comprehensive update of financial management concepts
Establish financial management is the core concept of enterprise management, the implementation of financial management as an important part of modern enterprise system, fully aware of the financial management of the enterprise to strengthen internal management needs, small and medium enterprises to adapt to economic globalization, SMEs themselves guarantee of long-term sustainability, but also capital market regulation development. SMEs to establish a modern enterprise system suited to the management mode, advanced mode, the basic requirement is appropriate separation of ownership and management rights to form a rational and effective internal checks and balances and mutual oversight mechanisms, so that the financial management responsibilities clearly defined and strict supervision, transparency of information. SMEs manage to change the concept of light-weight operating the SME financing, Investment, sales and other business sectors, without financial management, the need for funds management , develop alternatives, selection of the best decisions.

(B enhance their ability to raise funds
Lack of funds is restricting the development of small and medium enterprises survive and the key issues, to solve this problem in addition to the need for government support, but also their own efforts as business owners and operators should strive to improve their quality, modern learning enterprise management system, standardize the operation through the establishment of sound internal organizational structure, and give full play to the financial management oversight functions, to build a sound financial accounting system, employing high-quality accounting personnel, the establishment of effective financial supervision system, strengthen financial control and improve utilization of funds to strengthen the analysis of accounting information, sound financial management, to avoid blind expansion or diversification means of implementing other measures to continuously improve the level of corporate financial management, financial management in business to play a management role. Links to Papers download http://www.hi138.com
(C optimize the financial structure, strengthening internal management
For SMEs, the only sound in the financial growth achieved under the premise is reasonable. Modern enterprise management, in particular, effective financial management, must have complete financial information to help managers analyze and predict the past future. balance the development of high growth and optimize the financial structure is sound financial health of critical business its specific mark is a comprehensive low cost of capital, financial leverage, high efficiency, moderate financial risk. enterprises should be based on changes in business environment, capital, liabilities, assets and other structural adjustments to maintain a reasonable ratio. to build the best capital structure of capital structure arrangement is a complex issue, because it is subject to various factors and impact in the design of optimal capital structure must be considered these factors.

(D) a financial early warning system, strictly control financial risks
Lower ability to resist risks of SMEs, through the preparation of cash flow budget to achieve the short-term financial risk early warning, first, the sources and uses of funds to be effective co-ordination to reduce short-term loans to purchase fixed assets ratio, so as to avoid cash flow difficult. Second, to accurately predict payback period, so that "the budget earlier, the implementation in the post" to respond to financial risks unforeseen circumstances. Finally, a reasonable allocation of funds, working capital and fixed capital ratio should be a reasonable combination of cash flow in the establishment of short-term budget-based early warning system, we must also establish long-term early warning system to ensure the survival of business management and development . profit is the fundamental goal of business is a prerequisite for survival and development in the financial indicators, profitability, solvency, economic efficiency, growth potential and other indicators to reflect the financial situation of the representation targets from long-term point of view, if you want to stay away from small and medium financial risk, must have good profitability and some financial flexibility.

(E multi-channel financing to establish new financing concept
SMEs to multi-channel financing, and actively establish a new financing concept is to solve the problem of financing small and medium enterprises for sustainable development and promoting an effective way, and other ways to play a role.

Develop good financial relations, and establish shared values. Financial relationship with companies in financing activities between banks and other financial institutions formed by cooperation and sharing relationships, embodies the company's financial management knowledge and grasp of the capital market, financial information about institutions and business activities accurately. a good relationship can enhance the financial capacity of the SMEs, and to some extent, ease the financing difficulties of SMEs.

(Six to strengthen asset management
Raise awareness, strengthen financial management due to the use of funds flow within the enterprise involved in all aspects of business should change their ideas, recognizing good job, with good, good control of funds is not only the responsibilities of the financial sector, and is related to the business various sectors and at all aspects of event production and management, so every level together to contribute to the management of enterprise funds, such as in strengthening the management of accounts receivable, should seek to strengthen the credit the customer's credit research assessment, regular letter Inquiry-check the form of accounts receivable, strict control of aging. enterprises should select the appropriate payment settlement, the trade receivables divided by the length of recovery period classes, but no time limit on the recovery of more than the purchase price, timely organization of human conduct payment credited into account debts to improve the rate. for bad debts, bad debts, to obtain conclusive evidence for the proper accounting treatment.

(Vii establish a sound system of internal financial management
Internal financial management system of modern enterprise system by the general principles, internal financial management authority, the internal financial management of the foundation work, the basic system of internal financial management and other aspects of composition, of which the internal control system and internal audit system is the financial management work can proceed smoothly important guarantee.

To follow a lawful, effective, comprehensive, timely principle, the principle of separation of incompatible duties and cost-effective, the use of separation of incompatible duties, authority to authorize the control and accounting system control, budget control, preservation of property control, risk control, internal report control and control methods such as electronic information technology, financial services enterprises to conduct a comprehensive accounting controls, to strengthen accounting, financial and accounting information to improve quality, strengthen internal management, improve economic efficiency.

(Eight focus on science Investment decisions, making efforts to reduce the risk of
Enterprises must apply modern business management methods of new Investment projects, assets restructuring project risks, costs and benefits of such demonstration appraisal work. Standard Investment procedures, to do the project feasibility study. The use of scientific methods, with the help of advanced scientific decision-making model, independent decision-making, Investment decisions and prevent errors arising from financial risk. Investment for SMEs should be phased to ensure that key , concentrate, can not blindly invest in diversified, comprehensive attack. Investment project selection should normally be associated with the main business areas, funds focused on the competitive advantage of some aspects of an appropriate balance between investment, quick-impact projects, investment spending should arrangements and cash flow matching. Links to free download http://www.hi138.com
In addition, particular emphasis is needed, and improving the quality of staff management, strengthen the accounting team building, from business leaders to start, and constantly improve the quality of management. Rely on the enterprise full up and down the joint efforts possible to improve the state of corporate governance, improve financial management, improve enterprise competitiveness. Links to free download http://www.hi138.com