If there is one indicator that financial analysts and bankers like to ask companies, it is the Need for Rolling Funds (BFR). You will often hear from a consultant advising you to manage your BFR. We will describe this indicator that may seem difficult to grasp and show how to best master this famous BFR within your company.
In many cases, accounting, management and finance are confused and sometimes reduced to simple accounting entry. However, these are three different functions within the company, and each has its own importance.
If there is one thing an entrepreneur needs to master, it is the numbers. Being able to run your business based on reliable and regular data through dashboards is a real asset as a decision maker.
Cost is a key element in managing a company. Whether it is an industrial SME, a trading activity or a service company, everyone has an interest in knowing their cost prices.
When we talk about an indicator, the first one that comes to us is often the turnover. Indeed, tracking its sales is interesting but we will see that focusing on this indicator can be dangerous for a company.
The level of cash is now a priority indicator to monitor its activity. This is the second reason for failure if we turn to the side of start-ups. Hence the importance of planning your cash needs to manage your business serenely.