Signs you've outgrown your bookkeeper

Signs your finance function has outgrown your bookkeeper:

1.   Reports are always late or wrong – and once you get them they are only backward looking and out-of-date.

2.   Cashflow is a guess – there is no visibility on how much will be in the bank in 60 days, VAT bills and rent payments take you by surprise.

3.   Growing complexity – spreadsheets keep breaking, there are multiple entities, revenue recognition and cost accruing is no longer straightforward.

4.   Gaps in decision-making – decisions on pricing, hiring and fund-raising are made based on gutfeel rather than financial analysis and data.

5.   Single point of failure – there are no documented processes, the end-to-end process is in one person’s head, errors and deadlines are missed.

6.   You don’t understand – the language is unfamiliar, the numbers make no sense, no context or commentary is provided.

If any of this sounds familiar, get in touch.