After long periods of unstable and difficult credit conditions for the SME sector, the Federation of Small Businesses released data to show an increase in SME confidence and optimism about hiring staff was a welcome relief. But in order to be fit for anticipated growth it is essential that SMEs ensure they have strong in-house financial expertise.
As accountants of today we are far from the old approach, providing support for you and your business at each stage of development and having a number of diverse roles within a small business. Accountants are usually the only professionally qualified members of staff in SMEs, but beyond this, their expertise covers various responsibility, such as our staff at True Dynamic.
The SME finance function can provide support through various key stages of a business’ development. For the duration of pre-startup planning, an SME will usually draw up business plans for finance providers before any revenues are earned. Business planning that sets specific objectives in order to assess performance works as an early finance function and this is typically carried out with the assistance of an external professional accountant.

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