We’re here to tell you why you should level up your accountant to a part-time financial manager; a more proactive, super-charged financial business hero. Here’s why:
Firstly, we want to talk about the latest trend in business finance – finding a dedicated professional to get your business finances to run like a finely tuned machine! But not just any professional; someone who understands the UK tax system inside out and someone who’s qualified to give financial advice, manage budgets, and work for the interests of your business success. Wait, it gets better; this selfsame person works according to your business needs and doesn’t need a full-time contract or minimum hour requirements. What do we call this unicorn of a person? A part-time finance manager or a fractional CFO (if you’re interested in the industry jargon). For the purposes of this blog, we’ll go ahead and stick with part-time finance manager – it sounds less fussy.
What Exactly Does A Part-Time Financial Manager Do?
Let’s bullet point it for clarity:
- Keeps businesses compliant with tax advice and laws. So you’re not just following the rules, but you’re also benefiting from any policies in your favour.
- Manages cash flow. No more operating in the overdraft. You’ll always have enough in the bank to pay the bills and honour commitments.
- Chasing outstanding invoices. A part-time finance manager keeps a close eye on late or overdue invoices and follows up on them, politely but firmly.
- Sets financial goals and keeps your business on track. Always know the health status of your money. What does the future look like, and how do you get there?
- Crafts budgets and forecasts. Proactively manage how your business’ money is used.
- Advice. Good decisions vs bad decisions, how to raise funds, future growth and stay smart.
Why Not Hire A Full-Time Finance Guy?
Size matters. Whether you’re a successful small business who likes it that way or you’d see yourself growing into something bigger in the future, who wouldn’t want a friendly financial guy working hard for your company? However, there are a lot of businesses that are doing really well but are still classed as “small” and with only a handful of employees. It really doesn’t make sense to have someone knocking about only actually working a small percentage of the time. So, what’s the solution to this expensive problem? Us! (Obviously)
What We Do
So, yes, we’re accountants, which means we do everything an accountant does, but looking at the list of financial manager duties above, it’s clear there’s a big crossover of tasks. For the past few years we’ve been offering the extra services of a finance manager to existing customers. And we’ve loved it. It means we can use the insight we’ve gleaned from managing a customer’s books and channel the information into proactively guiding their business’s financial welfare. We like to take an “always available” approach to the process, so even though we’re not in the office physically with you, if you need us, we’re at your disposal through WhatsApp, Zoom, and in-person home calls.
Reasons You Should Call Us
- We’re really good at what we do
- We’re qualified at what we do
- We’re proactive and friendly
- We’re affordable
Getting a part-time financial manager, whether in-house or outsourced, is one of the surest ways to level up your business’s money health and free your time and brain from excess strain. Contact us through your preferred method here and we can chat more about what this looks like for your business.
