Most small businesses are too small to have their own CFO (Chief Finance Officer) and lets face it, as a small business operator you are probably already the Chief Executive Officer, Chief Operating Officer, IT manager, HR manager and maybe even the head cleaner! Whilst we can’t help you with the cleaning we, as your accountant can be your off-site Chief Finance Officer.
Your accountant as your CFO is not there just to ensure you lodge your BAS on time. A CFO is your adviser on all financial matters that affect your business, be it tax, purchasing equipment, staffing, payroll and superannuation, management reports, borrowing funds, budgeting, bookkeeping or cashflow management. Your accountant as your CFO will ensure that you have more time to spend working your business instead of trying to be the finance expert when issues arise. Only a phone call or an email away, it is almost as good as having a CFO in the office next to you to confirm your understanding of tax matters, offer suggestions regarding borrowing funds, help you reconcile that last bank statement or assist with the preparation of a cashflow forecast.
Your accountant as your CFO will give you the peace of mind that your accountant knows you and your business and is available and accessible to be your adviser when you need it.
If you are interested in talking to an accountant that will extend their reach from compliance enforcer to business and finance adviser, contact us today.