Why do we need an Accountant?

Having an accountant can seem like an unnecessary extra cost, but accountants can be essential to business success, and ensuring you always remain on top of your finances.

Time

As a business owner, there are many tasks that require your time, and if you aren't a trained accountant, finances become complicated and incredibly time-consuming. Having an accountant means your time becomes available for the other areas of your business that you are an expert in.

Errors

Trained and experienced accountants understand the complex areas of business finance, and the regulation that coincide. As a business owner with so many things on your mind, details can be overlooked or reports may be filed late, especially as your business grows and your finances become more complicated.

Taxes

There are numerous taxes that could apply to you, your business, your products and your employees, but understanding how each of them work, why they apply and how to pay them can become complicated.

Outsourcing the finance dept. is a fantastic way to keep costs down, whilst ensuring your finances are always correct. Instead of having to pay a salary, you'll pay when needed.

They help businesses recovery

It can be tough in business many have struggled to the point that they’ve had to close or really restructure their organisation. Accountants are vital to reassess their finances and see where and how they can rebuild.

They can help businesses become global

Small businesses are no longer restricted to their immediate area, or country. They can now be global in a click of a few buttons. But they need accountants with a worldwide understanding of finance. With global expansion comes currency exchange, more suppliers, and new ways to pay and get paid.

Accountants combat climate change

The Paris Agreement aims to create a global framework by limiting global temperature increase to less than 2°C. 189 countries have signed the agreement.

Accountants are essential for mitigating climate change. They will have to step in by creating awareness of climate-smart policies and embracing renewable energy within their businesses and clients. By focusing money on the right areas, analysing how businesses deal with waste and industrial processes, accountants can combat climate change.

Businesses rely on good accountants

All around the world, from car dealerships in the UK to leather bag makers in Cape Town, businesses need accountants to be successful. Business owners often regard their accountants as an irreplaceable part of their organisation.

They rely on them for reporting, best practice advice, guidance for international sales, and all the financial aspects that they don’t want to get bogged down by. They want to focus on what they do best, and leave the numbers to their accountants.

There’s never been a tougher time for small businesses, and it’s the accountant that they look to to ensure they can still buy, borrow, pay their staff, and function.

Imagine you’ve found the solution to your business’ financial problems by sourcing a new eco-friendly supplier, that has a discount for repeat businesses and a pact to be greener?

Win for you, win for your stakeholders and the business. There are many areas that accountants can contribute to, and reap the rewards. It’s not just number crunching - it’s finding exciting, new ways to grow and develop businesses, and keep them going for a profitable future.