By Henry Kimani ISBN 9966-08-408-8; 64 Pages; Publication 2009: 1st reprint 2010 Read more
The single most important factor leading to organisation failure is cash flow. Cash flow is the life-blood of all growing organisations. Cash flow is the primary indicator of an organisation's health. Cash flow has to be managed. Cash management is as much an integral part of the business cycle as any other part of the business cycle as any other part of the business process. The effect of cash is real, immediate, and if mismanaged it is very unforgiving. It can be an organisation's ruination, but with care will be your servant and reward. Cash needs to be monitored, protected, controlled and put to work. Cash is unproductive unless it works and therefore keeping it in a savings account is a great loss to the organisation. In its simplest form, cash flow is the movement of money in and out of the organisation.
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