What Should Your Accountant Be Doing?
Posted on 1st September 2020 at 10:30
We talk to a lot of business owners who already have an accountant in place, whether that’s an in-house member of staff or a company that they outsource to. Whilst the vast majority of these accountants deliver everyday tasks such as bookkeeping and financial reports, we’re amazed by how few of them play an active role in growing the business.
Let’s cut to the chase. You have a business and it’s your passion as well as your livelihood. Maybe you’re a sole trader working alone or the owner of a limited company with dozens of staff. You might have physical premises or perhaps you all work remotely from home. Whatever the size, age and nature of your business, you’ll share the ambition of all other business owners of increasing efficiency and cutting costs whilst maximising revenue. You know that your bottom line should be stronger with each tax return, although chances are you’ve found that this is easier said than done.
Newsflash: Your accountant should be helping you to not only survive but genuinely thrive. It really is that simple. We’d leave it at that, but that wouldn’t be particularly helpful. So, in order to shed light on how a professional and capable accountant can work in line with your vision, below are some key areas where they can offer input, guidance and management.
Bookkeeping, tax, VAT and management accounts
We won’t go into these much as they’re the very least an accountant should be supplying. Needless to say, TreyBridge Accountants can take all of these tasks off your hands, delivering exceptional results through precision, timeliness and compliance. In the process, we can also save you a lot of time, money and stress.
Business Advisory service
Now we’re talking! This is where TreyBridge Accountants is truly unique, as we work closely with many of our clients to reshape the way they run their business. We begin by analysing your current setup and pinpointing any problems, no matter how small and seemingly inconsequential. Tidying up these loose ends often leads to a business becoming a lot more productive and profitable right away, which is an excellent start.
We then discuss your short-term goals and long-term objectives. Where do you want to be this time next month? How about in six months? And a year from now? Whilst we’re at it, let’s go large and imagine your business in five years. By assessing where you currently are, we can help you to create a watertight strategy for ongoing growth.
Upscale as you grow
We’re very pleased to say that many of our clients have initially hired TreyBridge Accountants for ad hoc financial consultancy, only to then take advantage of what we call full finance function a few months later. This is where we manage absolutely everything for you, taking away the strain that comes with optimising a business on a daily basis and helping you to plan for a long and prosperous future.
By acting as a virtual finance director, we provide your business with the attention to detail, industry insight, vast experience and can-do attitude it deserves, all while keeping costs down through efficiency, transparency, innovative cloud software and an open dialogue.
Get in touch...
Share this post: