I have seen many entrepreneurs start off knowing exactly what they are doing and succeeding. And then, at some point on the journey, things start getting more difficult. Margins should be fine, overheads are under control so where’s the cash. And why, when the external accountants produce the year-end accounts six months after the year end are they not what you expected?
Now, more than ever, we want information and we want it now! This applies to your financial results just as much as anything else.
As your FD, I will help you set up your accounting processes so that information goes in right, first time, and so that you get accurate and timely management accounts to tell you how you are doing. It does not matter whether you have an in-house team or have outsourced your accounting to your external accountants, you are paying for this information and you have a right to expect it when you need it.
There’s something else you should know! There’s a revolution taking place in accounting systems. It’s called the Cloud and you can now have your financial information in real time and on your smartphone. Use the technology and it will help get the information in quicker and cheaper than before. It can help you measure job profitability, improve productivity, measure Key Performance Indicators and forecast your cash needs.
For an initial free consultation on how you can get the information you need when you need it....
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