Frequently, small businesses worry about the added burden of having to manage the books as well as the day-to-day running of the company. Clive Lewis, ICAEW Head of Enterprise thinks that having the expertise of an accountant is therefore vital in supporting the ingenuity of entrepreneurs, to ensure that financial mismanagement is not a hindrance to their creativity and drive.
“It is essential for small businesses to keep good records from day one, enabling the business to regularly track its financial performance and to keep on top of its cashflow and finances. Strong financial management inspires confidence amongst finance providers, customers, suppliers and staff. Its impact can make a real difference.” Lewis said
However, many companies are not at the right stage to take on an accountant full time within the business, but may want to consider employing a part-time accountant to help.
ICAEW Chartered Accountants can help these businesses in a number of ways. For start-ups they can look after everything from book-keeping to chasing customers for payment, and as the volume of transactions increases they can manage more demanding issues that come with business growth,
With more established businesses, they can develop comprehensive financial controls, manage cash flow and arrange financing as well as looking after annual financial reports, tax returns, and auditors to name just a few.
ICAEW Chartered Accountants can be employed on a full or part time basis depending on the needs of individual businesses. Whatever basis they are employed they can be on hand every step of the way.
If you are interested in employing an ICAEW Chartered Accountant on a part-time basis you can go to www.icaewjobs.com