What’s the difference between a Financial Director and general accountant? Well, an FD is necessary when moving your business forward.
Many people think they don’t need a Financial Director because they already have an accountant.
Firstly, an FD is necessary when moving your business forward.
Rather than reporting on the past financial health of your business, an FD will impact on the financial health of your business through strategic planning, commercial decision making and tighter financial controls.
It’s valuable to have an outside and objective perspective on your business. Your accountant won’t be able to provide this as they are too close to the business itself.
With your accountant keeping the past year’s books watertight and balanced, if you spend too much time staring into your rear-view mirror, you’ll miss what’s coming ahead. In this sense, a seasoned FD will ensure that you’re able to capitalise on future growth opportunities and confidently move forward. Providing crucial guidance on strategic planning, credible future forecasting and recommendations on financing overall operations and meeting targets, FD’s become indispensable to growing your business.
You have to have an accountant first to have an FD. They actually compliment your accountant by taking their work and bringing strategy, planning and experience to the figures to help move the business forward.
If you’re looking to move your business forward, our part-time FD’s can help do just that. Get in touch with our trusted and seasoned finance professionals to discuss more opportunity email@example.com