Stressed About Your Business Financial Management? Here Are Some Possible Solutions.

Got an accounts person looking after your MYOB or QuickBooks? Great! But do you personally still have the worry about where the money is coming from or going to? Ever wondered how you could take some of that stress off your shoulders?

It’s very likely that if you are a business owner you are likely wear several different hats. You will be General Manager, HR Manager, Sales Manager and probably Financial Controller. But do you know what a financial controller really does? What could a experienced financial controller do for your business? 
 

Bookkeepers and Accounts People are a Good Start This is the important first level in any business financial management. This work must be kept up to date to ensure the reporting is correct so management can make informed and timely decisions about the financial aspects (and sometimes other areas) of the business. But this alone is not enough to ensure businesses succeed and grow. Business financial management means more than just bookkeeping.

What Does a Financial Controller Do?As the name suggests the FC controls day to day finances and supervises the reporting about how the business is going financially. Normally the FC manages the day to day cashflow of the business by supervising accounts payable and ensuring accounts receivable are chasing the right people. The FC also makes sense of the numbers for the other senior managers in the business to enable efficient and effective decision making about the business direction by reviewing and narrating financial reports. Does this need to be a fulltime role in your business? No is the simple answer for most businesses. You can get experienced part time people to do this work for you, more on that shortly.
 Focus on the Future with a Part-Time Chief Financial Officer In larger businesses the full time CFO role is, as it suggests, the financial boss. They are responsible for running all of the finances not just the day to day operations but the forward looking, strategic financial direction of the business. This role normally focuses on the future and analysing where the business might be heading if it decides to change things or what it needs to change to grow things in the future. Capital raising, research into buying other companies and liaising with banks is just part of this role.
 

Do you do this for your business?
 

Most SME businesses don’t pay enough attention to the strategic forward looking analysis and that is a large part of the reason why they stay as SME businesses. But most of these businesses do not need a full time permanent executive on a massive salary doing this role.
 

A Possible Solution

SME business owners like you have another choice; you can hire part time, “virtual”, CFO’s and Financial Controllers at a fraction of the cost of a full time executive. Avegna is a new generation of business offering these exact services. You can have an experienced Financial Controller or CFO part time at a fraction of the cost of hiring a full time permanent employee.
 

For further information on our services or to arrange a free, no obligation discussion on how we could help you and your business please contact us on 1300 797 535 (local call charge only) – Australia Only.
 

Kind Regards
 

Scott Lyall
CEO of Avegna
www.avegna.com.au