How to do a good job in the finance of wealth management companies

If small and medium-sized enterprises want to abandon the misunderstandings in financial management in terms of concepts and methods, they must start and improve from the following aspects to eliminate the misunderstandings in financial management: (1) Strengthen the updating of financial management knowledge for financial personnel, especially financial management personnel, and attach importance to the follow-up education of financial personnel. Although China has been reforming and opening up for a long time and its financial knowledge is constantly updated, the financial profession seems to be just a craft; Enterprises and financial personnel do not pay attention to follow-up education, which leads to insufficient study, insufficient knowledge update and poor comprehensive quality of financial personnel. The concept of asking for more money and raising more funds and ignoring fund management in the mind of planned economy has not adapted to the requirements of market economy for financial management. But also put forward a great challenge to the existing financial management concepts and methods of China enterprises, and the misunderstanding in financial management gradually emerged. If an enterprise wants to be in an invincible position in the fierce market competition, it must master and apply scientific financial management methods, thus reducing the cost of the enterprise. (2) "Optimal cash holdings" refers to the cash holdings that meet the needs of enterprise capital flow without affecting the development speed of enterprises. From the matching management of cash inflow and outflow, it is impossible to completely match the quantity and time and reach an ideal state. In reality, at a certain point in time, the results of cash inflow and outflow will show two States: first, income exceeds output, resulting in cash surplus; Second, the surplus exceeds income, resulting in a cash shortage. Obviously, cash shortage will lead to payment risk, so enterprises must hold some cash. Excess cash will lead to the increase of opportunity cost or the loss of time value of funds. However, no matter how fast an enterprise puts its surplus into use, there will always be a time lag, so under normal circumstances, any enterprise will form a certain cash inventory. Enterprises will have some "surplus" funds. As the person in charge of the enterprise, we should make good use of this fund and make a "steady investment" plan according to the economic development at that time. Do some high-yield investments, such as private investment or private property mortgage. Earn an annual interest rate of 15% to ensure the preservation of your net currency. Private investment should be cautious, but it is indeed a faster way to appreciate and a very effective way to fight inflation. (3) SMEs' operational difficulties, especially financing difficulties, have aroused widespread concern in the whole society. In view of the acceleration of the shareholding system reform of state-owned commercial banks and the further deepening of the interest rate marketization reform, commercial banks have further strengthened their credit management and credit approval authority. The shareholding system reform strengthened the risk control and internal accounting of commercial banks, slowed down the credit supply, made the funds not be used in time, and brought unnecessary losses to small and medium-sized enterprises, but stimulated the formation of private finance. With the development of economy, private finance has formed a set of perfect and legal processes. Private finance is mainly used for private investment, which is the main capital inflow channel of private investment, so it requires high efficiency of private finance. Although private finance can solve the financing difficulties for small and medium-sized enterprises in time and effectively, it still needs to be operated cautiously. (4) Financial managers should timely and accurately analyze all kinds of capital costs according to the production scale, industry nature, operating characteristics and management level of enterprises in financial management. With full consideration of financial leverage, we should reasonably determine the amount of equity capital and creditor's rights capital, and strive to achieve or approach the optimal capital structure, so as to minimize the cost of capital and maximize the benefits. Never neglect one thing and lose another, and unilaterally expand equity capital or debt capital. Especially in the project investment, we should fully consider its future cost, opportunity cost and other related costs, and make a scientific, accurate and true demonstration. Never overestimate the profit or net cash flow of a project in order to compete for it. (5) On the basis of good sales forecast and production forecast, the enterprise should comprehensively balance and make the best effective financial forecast acceptable to all levels and departments of the enterprise. The financial department should raise and use funds in a planned way according to the financial forecast data. This will help the financial department to give full play to its initiative and planning when raising funds, and overcome the disadvantages of financial personnel seeking to increase the amount of funds and store a large number of cash assets in order to prevent passive work. At the same time, it can avoid the blindness of enterprises in the use of funds and cause undue losses to enterprises. Remember, there is a price to pay for using any funds.