The Financial Controller: Controlling vs Accounting
Understanding at what point to bring in in-house skills alongside your accountant.
Many business survive adequately using outsourced accountants but at what point does it become necessary to recognise that your business needs more?
Accountants provide valuable advice alongside keeping you abreast of tax changes but do they provide tangible business advice to aid decision making?
Most business consider turnover to be the defining factor on hiring experienced finance professionals. Our aim is to change perception and that the right finance staff can drive your results from a very early stage. We’ve seen many examples were a Portfolio Financial Controller has been able to add value way before things start to creak or traditional metrics are reached.
Some examples of this are
Company A wanted to grow from £200k to £2m in 12 months and didn’t have a coherent strategy or integrated systems
Company B wanted to streamline and old Sage accounting system to Xero with full automation across their project management and SaaS customers
Company C experienced high demand and needed to know how much stock could be produced with available cash reserves
Company D was launching 15 new products and needed advice on funding options that would facilitate the required investment
Many businesses trust their accountants, and for a very good reason. Our aim isn’t to replace, but to compliment your business needs with an in house finance expert who can advise and enable the above and more.
The main deterrent for any business looking to hire a finance professional is cost, there’s a common misconception that you need to sacrifice other parts of your business to have finance professionals that are often seen as a cost.
The function of a Portfolio Financial Controller is that the time spent is determined by you and all agreed deliverables are done within that time frame. In as little as 1 day per month, its possible to have the knowledge previously confined to FTSE100’s or larger companies, helping you grow your business, coordinate systems and data, and have full visibility of cashflow and planning.
