My Accounts Are a Complete Mess
It goes without saying that a company’s financial future may be jeopardised if its accounting system is not effectively managed.
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It goes without saying that a company’s financial future may be jeopardised if its accounting system is not effectively managed.
Making a company more efficient should be a goal for every business owner. Business efficiency refers to the fundamental reduction of wasted resources used to produce output, whether the latter be physical products or services. As a result, efficiency determines how effectively a business converts inputs such as capital, labour, and materials into outputs like revenue, goods, and services.
It's difficult to deny the importance of properly managing your company's money. A study by CBInsights revealed that 38% of new enterprises fail because of a lack of capital and the inability to acquire further funding.
The finance hire is usually one of the first that many entrepreneurs will make. In order to grow the business, accurate, timely and well-managed accounts are a great contributor. In the beginning, though, most entrepreneurs are likely to try to take this responsibility on their own shoulders to save money.
A software company usually incurs a heavy investment both for human resources as well as IT systems during its initial phase. As much as we would like to reduce the burden of hiring and buying, there is always a basic cost that a company has to bear. And, so it is important to get the accounting process right.
No doubt that as a small business owner you will want to know the headline figures but you may also have to do the bulk of the bookkeeping to keep costs down. “How hard can bookkeeping be? I’ll just do it myself.” This isn't an unusual thought for some small business owners but the reality can be quite different.
One challenging aspect of business is keeping the books up to date and getting it right. A simple accounting mistake can seriously damage your business. Many business owners rely on their accountants in helping their business comply with taxes, payroll, bookkeeping and other accounting issues.
Financial Management requires planning, organizing, directing, and controlling the financial activities of an organisation such as the likes of asset management and expenses. Growth-oriented business decisions are strongly based upon intelligent financial management decisions.
Your Outsourced Finance Department to fit your growing business needs
Perfect for small and medium growing businesses serious about their growth and achieving their potential. This program allows you to outsource your entire Finance Department without incurring any costs of hiring whilst maintaining a focus on giving you the holistic financial expertise to enable successful growth.
Perfect for small and medium growing businesses requiring an outsourced/virtual Finance Partner and/or for those experiencing difficulties associated with growth whether that’s cash flow issues or lack of clarity in financial decisions. This service gives you a better grip on your payroll, financial analysis and offers you support in understanding the financial performance of your business including which key areas to focus on. This service enables you to make decisions that will help your business financially.
Perfect for all businesses requiring bookkeeping and management accounting to gain valuable, actionable insights. Outsourcing your recordkeeping will free up your time to focus on your business.