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How to improve the financial condition of an enterprise

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How to improve the financial condition of an enterprise</a>

The problem of improving the financial condition of the enterprise is not only an anti-crisis measure.

The financial situation of the company is deteriorating not suddenly, but as a result of missed opportunities.

Drawing attention to several indicators: costs, revenues and the structure of the balance, it is possible with a high degree of probability to prevent future crises.

Instructions

    1

Not only an acute problem, but, perhaps,The most urgent task of financial managers of different companies is to reduce costs. High costs, exceeding the norms laid down in the development plans of firms and enterprises, reduce profit. The control of costs consists not so much in tracking fluctuations in prices for raw materials, materials, transport and other services, how many in their reduction or retention at the same level. However, during periods of seasonal price increases, for example, the raw material costs for its purchase inevitably grow. In this case, have two or three backup suppliers.
• Firstly, in this way, you will ensure the reliability and security of supply.
• Secondly, you will be able to accurately determine when the price increase in the entire market began. And not only from one supplier.

    2

Low revenue from sales is the second most important problem faced by company executives. The impact of the revenue measure on the financial position Enterprises Is the ability to generate cashFlow, which ultimately forms the company's profit. By and large, the problem of sales growth is solved by a set of marketing tasks. For most small and medium-sized businesses, they are reduced to managing the price of sales, product range and implementation network.

    3

Structural imbalances in the balance sheet - growth in accounts payable or receivable - may also have a negative impact on the financial position Enterprises. For example, a large indicator of accounts receivableDebt means that the company may not have enough working capital to finance its current activities. Increase in accounts payable usually occurs when the company does not cope with payment of obligations to counterparties. This can also be a consequence of a shortage of working capital. In this case, analyze the accounts receivable for each counterparty. Reduce the payment terms for shipped products. If possible, apply sanctions (penalties) to unscrupulous buyers.

How to improve the financial condition of an enterprise Was last modified: June 20th, 2017 By Keaqiowf
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