Financial management is really important for all businesses, no matter the size, niche or industry. Whether you do it yourself or choose to get an accountant or financial director on board, the need for effective financial oversight is the key to financial success.
That being said, however, many people face the dilemma of hiring a financial director vs improving their accounting department. This blog aims to make that decision clearer – if you are thinking about hiring a financial director – you may just need a better accountant.
Let’s delve into it.
A financial director is responsible for strategising and offering financial guidance to ensure a business’s financial commitments are met. They help companies form a strong foundation in which they can financially grow.
It’s understandable, as a business owner that hiring a financial director seems like an attractive option. With that being said, however, specialist financial advice and guidance can also be given by a well trained and highly skilled accountant.
If you are wanting to continue experiencing financial growth, it may be time to consider getting a better accountant.
Choosing the right accountant is no mean feat. An accountant plays a huge role in business, controlling finances.
Accountants are responsible for a number of things:
An accountant can add real value to a business – if chosen correctly. Improving an accounting department can strengthen internal processes and controls as well as enhance financial growth within the business and analysis capabilities.
A skilled accountant can be on board from the very beginning of the business, at whatever stage you are in – whereas a financial director is a role that you perhaps incorporate later down the line.
When making the decision to grow your business financially, understanding whom to have on board is a big decision. We explored the role of a financial director and the value an accountant can add to your business – but that doesn’t make the decision between the two easier.
Getting a better accountant can help you maintain profit and ensure your business remains compliant with financial regulations. An accountant will also be able to check the accuracy of your financial documents and help you strategise the improvement of your financial gains.
A financial director, on the other hand, will help with slightly different roles within the business such as monitoring the financial wellbeing of your business. They play a crucial part in structuring the financial department of the business, including the financial decisions.
When you are evaluating the current and future financial needs of the business, both roles can play a part in different ways.
Before making the decision, it’s important to really know what it is you need – when you have explored your business needs, then is the right time to consider the differences between a financial director and an accountant.
Recognising the importance of financial oversight in your business operations is the first step to making the decision between hiring a financial director or improving your accounting department.
Rivington Accounts is home to highly qualified accounting professionals. If you are wanting to get a better accountant to help with your finances, that’s where we can step in! Whether you are starting, running, struggling or growing, we are the accountancy firm that can help!
If you are looking for a company to manage your accounts, bookkeeping and payroll – get in touch!
You can call our team today on 01257 429252 or drop us a line at firstname.lastname@example.org.
We appreciate that before working alongside an accountant to grow your business, you not only want to know who they are but also what their values are and why ultimately, you should choose them. Competing with a complex field of business growth accountants, Rivington Accounts aims to enable businesses to move on to their next step of development. Here, in this blog post, we aim to explore more of Rivington Accounts and aim to answer one of our most frequently asked questions – why choose Rivington Accounts?
Businesses often seem as though they are running smoothly, however beneath the surface, more and more business owners are faced with dissatisfaction when it comes to their accountants. Whether it be missed deadlines, not getting a response when you need them or being too busy to deal with finances, Rivington accounts can help. We offer strategic support to business owners meaning we take care of your accounts whilst you take care of your business, and more importantly, your life.
Before we delve into why you should choose us, it’s only right that we introduce who we are. Rivington Accounts is one of the North West’s leading accountants, enabling businesses to further grow and develop, whilst we take care of their finances.
We partner with business owners, enabling them to grow their businesses and allowing them to gain back the all important time to focus on family and other priorities. It is no secret that maintaining a work life balance is undoubtedly important, but with that being said, it is also no secret that many business owners struggle to maintain it with the ever pressing matters that come with owning a business.
Our aim is “to look after you better than any other firm so you can build a great business”.
Let us explore how exactly we do that, and why you should choose Rivington Accounts.
We aspire to provide a proactive and customised service by developing solutions that aim to save time and therefore enable you to enhance the way you do business.
There are several ways in which we can help take the strain off finances and allow you to achieve work life balance at Rivington Accounts.
We allow you to thoroughly review the performance of your business and guide you in the right direction. Our valuable insight gives you control, through the knowledge and understanding of changing circumstances and the effects this may have on your business.
Each Limited company needs to prepare their accounts for the HMRC at the end of its financial year. By managing end of year accounts, we allow Limited companies the comfort and reassurance that their taxes and finances are taken care of, avoiding those hefty bills!
Payroll and pensions can take up a lot of time, not to mention can be confusing! Rivington Accounts offers a fast and reliable service, taking time off your hands so you can focus on the business, and we can focus on employee payments.
Often a word that scares many business owners. Our bookkeeping services are tailor-made for you and your business. We cover all things bookkeeping and VAT returns so you can shift your attention back to running a business!
Want to get your life back? Want to focus on running your business? Fed up with wasting time and resources battling with finances?
If you answered ‘yes’ to any of these questions – that’s enough of a reason to give us a call. There are so many ways in which Rivington counts can help – but don’t just take our word for it.
“Martin, Heather, Rohey and Angela have been unbelievable with me. It’s my second year running a business, so I’m still learning by the day. I couldn’t have been happier with the service I’ve received.
Accounting has been a little daunting for me, well that was until I reached out to Rivington. They’ve been an amazing support and they have completely taken care of everything.
I highly recommend them and I promise you, you won’t be disappointed with the amazing service they offer.”
If you would like to speak to a member of the Rivington Accounts team and learn more about the reasons you should choose us, get in touch!
You can call us today on 01257 42 92 52
Or email email@example.com
Cars used to be a huge benefit and perk – years ago people were actually encouraged to drive more miles to pay less tax – but now, unless it’s an electric or a hybrid car, it’s generally not worth having a ‘company car’.
We can do the calculation for you, based on the value of the car, CO2 emissions, etc but in the majority of cases, you’re better off buying a car personally, and claiming mileage through the business.
If you’re getting an electric car or a hybrid then the situation can be different and it can sometimes be worthwhile to buy/lease it through the business.
We offer a range of different services, please click on any of the below links to find out more.