Many small businesses are not able to afford a full-time financial controller or financial director and there is not enough work to keep a full time person busy. Clients typically have turnovers from approximately £300k to £5M. Small businesses usually have their own bookkeeper to manage the basic finances but find that this is not enough. A part-time financial controller can provide a one day a week, in-house finance expertise, performing:
Can you afford a Part-time Financial Controller? A full time financial controller would cost an employer between £400 and £500 per day which would include salary, car, employer's NI, holiday, bank holidays, sickness, IT costs, training, rent, telephone etc. This not a problem for £5M+ companies, but is not affordable for the smaller companies. Smaller companies in the £300k to £5M range do however need access to the same level of expertise, but for only a few days per month - so you just pay for what you need. High street accountancy firms are generally not able to offer this flexible, cost effective daily, weekly or monthly package. Existing clients find that the costs are more than covered by profit improvements - they find that they simply can not afford not to have their own part-time financial controller !
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Andy Walton is a member of the Institute of Chartered
Accountants in England and Wales
All work undertaken is covered by Professional Indemnity Insurance.
