How accountants can help SMEs through the recession

Posted by AccountingWEB PM | on Tue, 24/03/2009 - 11:00 3875 1 comment

Guest practice editor Mark Lee, talks to financial management expert David Lewis about why SMEs need more than an annual visit from their accountant.

A news item that appeared on AccountingWEB.co.uk in January referred to a survey that indicated that entrepreneurs regard their accountant as their most trusted adviser.

Continued...

Excellent article

AnonymousUser | Wed, 25/03/2009 - 06:55 | Permalink

David and Mark,

Thanks for the excellent article on the importance of part time finance directors in the recession.

As someone who has provided this service myself in the past and now advises part time FDs on how to improve their marketing, I particularly appreciated the comment that this is very different from the service provided by even proactive accountancy firms in practice.

SMEs need to bridge this skills gap and focus between the time they are very small and when they are big enough to recruit an experienced, qualified finance professional full time.

It is definitely an area where I see the Pareto 80/20 rule at work . Businesses can get huge value from the arrangement.