You may think Financial Controllers are just for large multinational companies with complex accounting needs and are unnecessary for small or medium sized enterprises. However, with a Freelance Financial Controller you can strengthen your management team no matter how large or small your business.
What is a Financial Controller?
The Financial Controller (FC) is traditionally a management level individual responsible for the company’s accounts and analyses of the company’s finances. It is important to stay on top of all your business accounting and finances, not only the statutory requirements such as monthly payroll and VAT, but areas such as invoicing, credit control and essential cash management.
Having regular, easy to understand and relevant management information such as Management Accounts, Cashflow and Sales reporting, is crucial for all business owners to make critical decisions. A Freelance Financial Controller provides you all the benefits of a Financial Controller, but on a Freelance part time basis to suit your business needs.
How can a Financial Controller help my business?
- New Business – If your business is just starting out, an experienced Financial Controller can help set up your finance function whether looking to hire staff or advising on systems and processes and ensuring adequate controls are in place. They can also help with Business plans and Forecasting and provide general advice and support.
- Growing Businesses – If your business is experiencing a period of boom or sudden growth, a commercially minded Financial Controller can be of great assistance. Whether it is just to assist the increasing pressure on your existing accounting, or it may be that you had previously managed your own accounts, a Freelance Financial Controller can relieve the pressure and provide ongoing support.
- Looking for Funding – If your business is looking to attract investors or bank/Institutional funding, then a Financial Controller can provide comprehensive Management Reports including Forecasting and Business Plans, they can work with your Management Team to ensure the business accounts and information is presented most effective format.
We already have an Accountant, why would I need a Financial Controller?
You may have a ‘Accountant’ who takes care of your statutory accounts and tax returns once a year, but do they look at your everyday accounts, monthly payroll, Bookkeeping and VAT, do they help with systems and processes and can you rely on them for additional support where needed?
If the answer is ‘No’, then a Freelance Financial Controller can bridge the gap between you and offer additional support to your accountant, often reducing your traditional accountancy fees in the process.
If you’re looking for a qualified Part time / Freelance Financial Controller to support your business, get in touch with A E Accountancy Services Ltd today.