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n Professional Accountant - Cash is the bloodline of any successful business - : accounting technical

Volume 2015, Issue 25
  • ISSN : 1680-7537

Abstract

Many entrepreneurs and owners of SMEs are under the impression that the profit they make is equal to the cash the business generates and often overcommit the business with financial obligations. Research throughout the world indicates that 33.7% of SMEs are liquidated as a direct cause of cash flow difficulties. In South Africa, research indicates that approximately 100 SMEs are liquidated monthly, with the primary cause being cash flow difficulties and the inability to meet their financial obligations.

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/content/account/2015/25/EJC181034
2015-01-01
2019-10-21

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