Managing your business finances is an activity that is very crucial and important to the growth, success and profit of your business. If neglected, this can lead to a chain reaction of processes that will eventually lead to the downward spiral and eventual end of your business. The result of a terrible effect on your business can be avoided if you take the management of your business finances seriously. It is not just enough for you to want to improve the management of your business finances, anyone can just want anything but to show how serious you are, you will need to put in the intended effort that is required to efficiently ensure that the finances of your business are properly managed. A good financial management practice forms the bedrock and foundation of every business and it does not matter if you’re just establishing a new business or if you have an already established business, there is...