The Top 5 Reasons Why You Need A Savvy Accountant…
One of the most difficult aspects of running a business – aside from the marketing, developing your product or service, interviewing employees, small business funding, and ensuring that business regulations are being met and followed – is finding a good accountant.
Well, you need look no further…
Running a business is never easy and to have someone by your side who is on-the-ball, genuinely interested in the success of your business and who can point you in the right financial direction is essential to the success of your venture.
Here are our top 5 reasons why you should be working with equation, the financial experts.
1. Cash flow is king!
Don’t listen to anyone who tells you otherwise. Many great ideas have died a sudden death owing to poor cash management. We try to ensure that more money is coming in than going out, and if profits are not high enough, we can identify how to get your business back on track. After all, we are sufficiently distant from your business to not let anything other than the bottom line affect our judgement and decisions. When your cash flow demands it, we will also be able to advise you on the best methods of attaining small business funding.
2. We can keep you organised.
Being in business creates a mountain of paperwork, and tracking receipts on top of orders, Companies House submissions and those HM Revenue & Customs brown envelopes that just keep popping through the door can be a daunting task.
We can organise and complete much of this paperwork for you, lining up who owes you and who you owe. Keeping up to date with your finances can help you to tell whether you’re following the schedule that you laid out in your business plan. It will tell you how your venture is really doing and whether you have the funds to move your business forward.
3. It’s more than just the balance sheet.
Whist we are not the experts in all areas, we do have more than a passing knowledge of tax codes, rules and regulations, small business funding and many other financial matters that you may not be aware of. We can keep the numbers straight and keep our business owners from accidentally getting into trouble.
We can also identify potential financial stumbling blocks on the horizon and work with you to create a plan to overcome those hurdles. If a business owner wants to expand a product line, but cash flow is such that it won’t allow it, we can work with the owner to make adjustments to meet that goal. Sometimes this means adjusting the business plan; other times it involves seeking additional finances from small business funding sources such as banks, venture capitalists or Angel investors.
4. We can guide you through the trees
The majority of small businesses are one-man (or one-woman) operations, wearing multiple hats and often doing the work of many people. You may sometimes struggle for time to analyse your business performance or be too involved with the project to have an unbiased clarity.
We can offer advice on the condition of your company’s finances and ways to improve profits, and we can identify where decisions may be affecting the profitability of a venture. So rather than just controlling cash flow and crunching numbers, we can take some of the strain off your one-man/woman band.
5. We can present you in the best light
Finally, if you do decide to seek some form of small business finance, we can help you to prepare your business to present it in the best light and so increase your likelihood of attracting the interest of small investors or banks.
Time and time again we see good ideas failing to achieve the small business finances that they need because of poor financial planning and presentation. A good presentation of the figures is essential right from the earliest stages of a business to help you to create and stick to your financial plans, to gain small business funding and to develop your venture into a growing business.
If you’re interested in finding out more about Equation, come to our website at www.equationaccounting.co.uk.
