If you are not 100% comfortable that your business is under control, you can email us here and we will send you our FREE Financial Control Health check Questionnaire.
This will help you to determine how well your systems are taking care of your business. The Questionnaire details the main points that we have found are most responsible for keeping our clients awake at night. Each one of these issues can be easily fixed with the engagement of the right professional advice.
If you answer “Yes” to any of the questions below, perhaps you need to consider the appointment of a Virtual Financial Director, in the short term, in order to free yourself up from the frustrating areas of running your business, enabling you to do what you do best.
DO YOU WORRY ABOUT ANY OF THE FOLLOWING ISSUES?
- You feel that your business is out of control and running away with you;
- You intuitively know that there are holes in your control systems, but do not know how to fix them;
- You want to clean up and streamline your business but don’t know how or where to start;
- You would like an outside opinion on the adequacy of your controls, but don’t know who to contact;
- You feel overwhelmed by outstanding Tax, VAT and other returns;
- Your cash-flow does not reflect what the numbers tell you;
- You know you need a CA but you can’t justify the cost.
- You worry sometimes whether your accounting and bookkeeping staff are totally in control of your business?
- You worry sometimes whether your accounting and administrative staff are as efficient as they could be?
- Do you rely on any one key person to keep your business going?
- What happens if for some reason, that person no longer comes to work?
- Do you know that your systems are being fed all the right information?
- You worry whether your new accounting system is delivering on its promises?
- You only rely on your audit once a year to ensure that your accounts are correct?
- You don’t get the information that you require on time and accurately and regularly as you need it?
- You are not totally comfortable with that information and it gives you a niggling concern that something isn’t quite right but you are not sure what it is?
- Do you experience regular or numerous corrections to the accounts and wonder why they are not correct the first time?
- You have no way of knowing that all costs are being legitimately claimed for VAT and Tax, and you suspect a certain amount of VAT Leakage?
- Does the same person prepare your VAT returns and prepare the payment thereof?
- Does your accounting system incorporate the generous use of “suspense” accounts?
- You are not totally happy with the control of petty cash, fixed and movable assets and major expense items that are possibly being abused?
- Is your business run on an ad-hoc basis and seemingly endless ‘firefighting’?
- Is there an endless trail of requisitions for cheques and other payments, and would you not prefer this to be more planned and deliberate?
- You don’t really understand what your auditors are doing and how they eventually end up at your final figures for the year and you just rely on them to get it right because they are auditors after all ?
In short, if you are NOT 100% sure that the engine room of your business is running efficiently and not misfiring, you should give us a call for a no obligation meeting on how we can help you get your business back under control in a way that suits you and your style.