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If you start a small company with just you as the only employee you will
probably be your own accountant.
The company will grow and you hire staff. More activity in the company is
generated. Then it becomes difficult for you to do your own accounts.
You should get someone to take care of your financial accounting.
Focus on business development
If you find someone who can take care of your finances you can focus on business
development and sales. Doing the accounts in a business is a fairly straight
forward but time consuming job.
Any skilled accountant should be able to make your accounts so you should not
spend too much time on that job. You could hire an accountant or source it out
to an accountancy firm.
As the business owner you must focus on sales and the development of your
business. Not on the time consuming accounting job.
You are responsible
Remember that you still have the responsibility for your finances even if
you hire an accountant. Build secure procedures so you do not tempt the
accountant to put some of your money in his own pocket.
- Get an overvue over your Basic Accountancy
- Go to next
business issue: Business Insurance
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