What are the loopholes in financial management of small and medium-sized enterprises

1 The financing channels are seriously blocked and the funds are seriously insufficient. At present, China's small and medium-sized enterprises have initially established a relatively independent and diversified financing system, but financing difficulty is still the most important factor affecting the development of small and medium-sized enterprises and the most difficult bottleneck to break through. The operating mechanism and credit management mode of financial institutions are not suitable for the financing needs of small and medium-sized enterprises. On the one hand, in order to reduce the risk and cost of lending, banks are reluctant to lend to small and medium-sized enterprises with small scale, low credit rating, relatively poor credit standing, opaque information and unstable operating performance; On the other hand, the characteristics of short financing time, high frequency and small amount of small and medium-sized enterprises are incompatible with the complicated loan procedures of banks. Often the loan has been put in place and the business opportunity has passed. 2. Lack of internal control system and weak financial control. Because a large part of small and medium-sized enterprises are private enterprises, these enterprises are often controlled by one person or several people, their decision-making and management are subjective and arbitrary, and they lack due understanding and research on the theoretical methods of financial management, which leads to the confusion of financial management, lax financial monitoring and distortion of accounting information. Most small and medium-sized enterprises lack perfect internal financial control system, audit system, quota management system, financial inventory system, cost accounting system, financial revenue and expenditure approval system and other basic financial management systems. 3. The basic work of accounting is weak and the quality of accounting personnel is low. Small and medium-sized enterprises generally have the problems of imperfect accounting institutions and unreasonable accounting personnel. Some enterprises simply do not set up accounting institutions, entrust all accounting work to accounting firms, or appoint their relatives as cashiers and hire part-time accountants to do accounts regularly, ignoring the role of accounting work in enterprise financial management. Some enterprises only set up accounting institutions, not financial management institutions. Most of the accountants in small and medium-sized enterprises have not received special and systematic knowledge education, have no accounting titles and have no certificates. 4. The information construction of internal financial management is backward, and it is difficult to apply scientific and effective financial analysis tools. Most small and medium-sized enterprises in China are still limited to the traditional accounting system. Computers are just fashionable furnishings in the office. They can't use financial software and set up their own microcomputer network. Will not compare the information obtained in advance in various businesses, make correct decisions and forecasts, and eliminate hidden dangers.