SC team says, “A common complaint amid SME owners is  they don’t have time, or the inclination, to stay across the finances of their business. Typically they’ll keep an eye on the cash at bank and perhaps watch the invoicing going out, but they won’t be looking at the broader picture, nor will they be running budgets and forecasting the financial picture much further than the next month. This is usually due to a mix of being time-poor and a lack of interest.

They also know that hiring a senior finance person isn’t the best use of resources in a small business, especially when they are already paying for a bookkeeper and an external accountant to handle their tax.

Many small-to-medium business owners will have their data-entry needs all locked away with a good bookkeeper and they’ll have a tax accountant to handle the year-end tax returns, but they find they have a need for ongoing advice during the year. This advice is largely financial in nature, but can also cover things such as the strategic direction of the business, staffing issues and much more.

Use an accountant who knows how to grow innovative businesses

More than this, owner-operators of small-to-medium businesses can often feel isolated running their businesses”.

How hiring a virtual CFO can take your business to the next level

Smart Company

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