Sound financial management and the ability of management to articulate this by way of management information can only be seen as a positive. Banks and other third parties will expect accurate and meaningful forecasts, business plans and financial/management information when assessing and appraising a business. The involvement of a capable and recognised professional supporting the business enhnaces this perspective.
Most business managers do not have the benefit of regular and detailed management accounts, they rely on standard print-outs from their accounting software or a comparison of bank statements at the start and end of a month or even year. This is where I can help. Far more useful and valuable information approprate to the needs to the business and the users of such information, offering various levels of sophistication and detail, is provided at regular intervals, daily, weekly, monthly, quarterly and annually. The key is to ensure that data is correctly, accurately and completely recorded.
I also operate as non-executive finance director for those businesses that feel they would like the benefits of an FD but do not feel they can justify the full time cost of such a role.
Your accountant will provide you with compliance assistance and taxation advice plus many other benefits. Whilst also understanding such issues, I concentrate on the day-to-day operational issues within the organisation, working to augment the role of the chosen accountancy firm. Indeed, much of my work is referred to me by firms of Chartered Accountants/auditors and bankers. Read More…