At some point, keeping track of accounting, following financial rules, and planning for the future can be too much to manage alone. That’s when hiring a financial controller can really help. Businesses have multiple options: hiring an in-house financial controller, engaging a fractional controller for part-time support, or outsourcing the function to an external provider. The right choice depends on your company's size, budget, and operational complexity. In this guide, we’ll explore these options, what to look for in a financial controller, and how to navigate the hiring process effectively.

Managing finances efficiently is crucial for any business, but as companies grow, managing cash flow, budgeting, and compliance becomes more challenging. A financial controller plays a pivotal role in ensuring a business remains financially healthy and operates smoothly. But what exactly do they do, and how can they help your business save time and money?

Handling your business's money the right way means choosing the right person to manage it. A skilled financial controller can help you navigate regulations, keep cash flow in check, and plan for long-term growth. But here’s the big question: do you hire someone in-house or outsource the role? Both options have their merits and limitations, and the best choice depends on your company’s needs. In this guide, we'll explore the pros and cons of in-house and outsourced financial controllers so you can decide what works best for you.

When managing the finances of your small or medium-sized enterprise (SME), the distinction between an accountant and a financial controller is often blurred. In this post, we’ll break down why having both an accountant and a financial controller can make a big difference for your business.

This guide will show you seven easy steps to create a financial system that works for your business. With these tips, you’ll stay organised, reduce stress, and keep everything running efficiently, all while preparing for long-term growth.

In business, trust isn’t given – it’s earned. And when it comes to securing loans or attracting investors, trust starts with your financial records. If your numbers don’t add up or look messy, even a promising business can come across as a gamble. So, how do strong financial records build credibility, and what should they include?

As a small or medium-sized (SME) business owner, chasing unpaid invoices can feel like an endless game of hide-and-seek. Research shows that late payments cost UK SMEs an average of £22,000 annually and lead to 56 million hours of lost productivity, impacting 62% of small businesses. Here’s how you can minimise late payments and keep your cash flow in check.

Financial metrics reveal precisely where your business is excelling, where adjustments are needed, and which strategic moves will drive the most impact. In this article, you will learn: 1. Why monitoring financial metrics matters for UK SMEs, 2. Five essential financial metrics that reveal your business’s health and 3. How each metric supports long-term growth and risk management.

Missed receipts, misclassified expenses, and unbalanced books can lead to a cascade of issues, from costly tax penalties to cash flow crises that could cripple your operations. In this blog post, we’ll pull back the curtain on the true price of poor bookkeeping, highlighting why accuracy is more than just a numbers game - it’s a key factor in long-term success.

Imagine you're a small business owner, juggling multiple roles, from managing sales to overseeing operations. One of your biggest headaches? Handling the finances. You’re torn between hiring an in-house finance department or outsourcing. Both options have their pros and cons, but which is truly cost-effective? This article explores the real costs, helping you make an informed decision for your SME.