| Business accountants are a real necessity if you are | | | | new product promotion, online and offline marketing. |
| serious about growing your business to the next level. | | | | The list is endless. With many costs needing to be |
| So often new business owners cut corners when it | | | | factored in. Some of which new business owners |
| comes to Accountancy services. They often have a | | | | forget about e.g. have you got liability insurance? A |
| misguided belief that they will engage the services of a | | | | small business accountant though can make a huge |
| small business accountant only when they really need | | | | difference to the bank balance by actually helping new |
| it. In other words when their business has grown to the | | | | businesses manage their cash flow. Many have their |
| point that it is totally disorganised or they can't cope. | | | | own sophisticated systems and software that can |
| Sound familiar? | | | | predict a business's cash flow 1, 3 and even 5 years |
| The opposite is actually the fact. To help a business | | | | into the future. |
| grow, an accountant and his or her advice can be | | | | One key thing is having this information helps a new |
| invaluable, especially when it comes to the challenging | | | | business owner plan accordingly. The data is invaluable |
| subject of cash flow. In other words having enough | | | | and is often the starting point to obtaining business |
| money in your business bank account to pay for the | | | | funding. |
| things you need and on time. | | | | Go along to a bank with a cash flow projection and a |
| It is ironic that a new business thinks that their first | | | | simple business plan and you might be surprised at the |
| outcome is to make a profit. Now that would be | | | | response you get. Banks and funding bodies no matter |
| fantastic and yet the reality is cash flow and, a positive | | | | what the press says are willing to invest in small |
| one at that should be the objective. Many new | | | | business operations. |
| businesses are totally unaware of what it takes to turn | | | | If they demonstrate that they have put some thought |
| a profit in the first year. | | | | and planning into their business. Having a small business |
| Appreciating the ups and downs of many factors | | | | accountant can help this happen. |
| takes knowledge e.g. customer billing cycles, rent, rates, | | | | |