Small Business Accountants in Chorley Help New Start-ups Manage Cashflow
Small business Accounts can make a huge difference to small start up businesses in the UK when it comes to the challenging subject of cash flow. Colin Foster and Gordon Rowles proactively work with new start ups to help then work on this subject in their first few months of trading.
[UKPRwire, Fri Apr 30 2010] Small Business Accountants are a real necessity if you are serious about growing your business . So often new business owners cut corners when it comes to Accountancy services. They often have a misguided belief that they will engage the services of a small business accountant only when they really need it.
In other words when their business has grown to the point that it is totally disorganised or they canít cope. A major downside of this strategy is that small start up companies do not plan the all important first years of their growth, often with disastrous consequences.
Two Accountants in Chorley, Colin Foster and Gordon Rowels have taken a proactive stance on this subject and offer local businesses a wealth of services including comprehensive cash flow projections at a price any business can afford.
Expert Accountancy was formed just over a year ago. Colin and Gordon are ex financial directors who wanted to share their skills and expertise with the small business communities in Lancashire.
As Gordon Rowles Commented.
Many new small business owners procrastinate about using Accountancy services because they look at the initial cost. To help a business grow, an accountant and his or her advice can be invaluable especially when it comes to the challenging subject of cash flow. In other words having enough money in your business bank account to pay for the things you need and on time.
This might seem crazy and yet many new business owners think a key object in their first year of trading is to make a huge profit. Now that would be fantastic and yet the reality is, it is all about cash flow and, a positive one at that.
Both Colin Foster and Gordon Rowels are more than aware that many new businesses are totally lost about what it takes to turn a profit in the first year. Appreciating the ups and downs of many factors takes knowledge e.g. customer billing cycles, rent, rates, new product promotion, online and offline marketing. The list is endless. With many costs needing to be factored in. This is where an Accountants skills come to the fore.
A small business accountant though can make a huge difference to the bank balance by actually helping new businesses manage their cash flow. Many have their own sophisticated systems and software that can predict a businessís cash flow 1, 3 and even 5 years into the future.
One key thing is having this information helps a new business owner plan accordingly. The data is invaluable and is often the starting point to obtaining business funding. Go along to a bank with a cash flow projection and a simple business plan and you might be surprised at the response you get. Banks and funding bodies no matter what the press says are willing to invest in small business operations.
If they demonstrate that they have put some thought and planning into their business. Having a small business accountant can help this happen.
Expert Accountancy Ltd
6 Centurion House, Leyland Business Park
Centurion Way, Farington
Leyland Lancashire, UK
Company: Expert Accountancy Ltd