Small and medium-sized enterprises are an important part of the national economy and play an important role in promoting economic development and social stability. However, due to the small output scale, low capital and technology composition of small and medium-sized enterprises and the great influence of traditional system and external macro-economy, their financial management is not suitable for their own development and market economy. It is necessary to arouse the attention of all parties and study countermeasures to promote the reform and development of small and medium-sized enterprises in China.

First, the status of financial management of SMEs

At present, a considerable number of small and medium-sized enterprises in China ignore the core position of financial management, and their management ideas are rigid and backward, which makes enterprise management limited to the production and operation management pattern, and the role of enterprise financial management has not been fully exerted. On the other hand, due to the change of macroeconomic environment and the influence of system, small and medium-sized enterprises have encountered obstacles in strengthening financial management. For example, the "discrimination" of policies makes it impossible for small and medium-sized enterprises and large enterprises to compete fairly; A large number of local government industry management departments are involved, which makes the financial management objectives of SMEs short-term; Financial management is greatly influenced by enterprise leaders; Wait a minute.

Second, the financial management of SMEs problems

(A) financing difficulties, a serious shortage of funds

At present, China's small and medium-sized enterprises have initially established a relatively independent and diversified financing system, but the difficulty in financing and guarantee is still the most prominent problem restricting the development of small and medium-sized enterprises. The main reasons are: First, excessive debts, high financing costs and high risks lead to low credit rating and relatively poor credit standing of small and medium-sized enterprises. Second, the state has not set up a special organization to support the management of small and medium-sized enterprises, and the preferential policies of the state have not been tilted towards small and medium-sized enterprises, which has put them at a disadvantage for a long time. Third, most small and medium-sized enterprises are non-state-owned enterprises, and some banks are not enthusiastic about their loans because of the influence of traditional ideas and administrative intervention. Fourth, the intermediary institutions are not perfect, and there is a lack of financial intermediary institutions and loan guarantee institutions that provide loans for SMEs.

(B) weak investment capacity, lack of scientific.

First of all, there is a shortage of funds for SME investment. Banks and other financial institutions are the main sources of funds for SMEs, but it is difficult for SMEs to attract investment or loans from financial institutions. Even if the bank agrees to lend to SMEs, it will raise the loan interest rate because of the high risk, thus increasing the financing cost of SMEs. The second is to pursue short-term goals. Because of their small scale, the proportion of loan investment is much larger than that of large enterprises, and they face greater risks, so they always recover their investment as soon as possible and rarely consider expanding their scale. Third, investment blindness, investment direction is difficult to grasp.

(C) weak financial control

First, lax cash management leads to idle or insufficient funds. Some small and medium-sized enterprises think that the more cash, the better, which leads to idle cash and does not participate in production turnover; Some enterprises lack the planned arrangements for the use of funds, over-purchase real estate, unable to cope with the urgently needed funds for operation, and fall into financial difficulties. Second, the turnover of accounts receivable is slow and it is difficult to recover funds. The reason is that there is no strict credit policy and no effective collection measures, and accounts receivable cannot be cashed or bad debts are formed. Third, the inventory control is weak, resulting in sluggish funds. Many small and medium-sized enterprises often account for more than twice the turnover in the inventory at the end of the month, resulting in sluggish funds and ineffective turnover. Fourth, money is more important than power, and the loss of assets is serious. Many managers of small and medium-sized enterprises do not manage raw materials, semi-finished products and fixed assets in place, and no one is held accountable for problems, resulting in serious waste of assets.