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For small businesses, cash flow management is very essential for surviving for long term. Improper management of accounts receivable often leads to cash flow shortage. Many businessmen don’t know this. They focus more on increasing their sales and expanding their business and least bother about managing their accounts receivable properly. Companies have to suffer great loss when they fail to collect payment from their clients on time. This may lead companies to draw money from their cash reserves or from outside sources to meet their financial needs. It results in reduction of cash in hand for managing operations, paying employees and expanding business. This is the huge burden for business owners.