Healthy cash flow management is often the difference between success and failure for small businesses. After all, without sufficient cash flow you won't be able to cover the cost of operations. Here are five golden rules of healthy cash flow management to help you manage your money wisely and avoid disaster.

While not all small business owners fully understand the Income Statement and Balance Sheet, most recognise them and have a broad idea of what they are and how to use them. However, the Cash Flow Statement is probably the financial report most responsible for confusion, blank looks and mild panic in small business owners. This is a shame, because it’s actually an extremely handy report that can give you some very valuable insight into the health of your business.

A good bookkeeper and accountant are essential for recording financial information and keeping you up to date with your financial situation, if you have no idea how to read or use your financial statements, you are not alone.