Six elements that make an excellent finance function

Six elements that make an excellent finance function

As a business advisor, I get to see a lot of different businesses and their finance functions. At one end of the spectrum, the finance function just does the basics i.e processing invoices, managing cash and preparing the core reports. At the other end of the...
Six elements that make an excellent finance function

Making your accounts work for you.

Are your accounts giving you information that helps you manage your business? Most accounts don’t. You should make your accounts work for you. When I go into a new client, one of the first things I do is to review the existing accounts. I am looking to see if they...
Six elements that make an excellent finance function

Are you missing out on the benefits of budgeting

It’s the start of a new year and larger companies will have their budgets done, or almost done. Yet, in most owner-managed businesses there are no budgets or forecasts. Ask them why and they’ll give you all sorts of reasons. They haven’t got time. The current climate...
Six elements that make an excellent finance function

Getting Better information from Computerised Accounts

I remember once attending an Insolvency Update. One of the speakers, who regularly works on examinerships, commented on the lack of good accounting information in most of the companies that go into examinership. This really struck a chord with me. In most of the...