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 SMEs urged to find their ‘hidden accountant’

A study by the Association of Accounting Technicians (AAT) has found that four out of five small businesses have unqualified staff managing their finances. SMEs are losing around £15,000 a year on average because of poor financial management, the ATT said, and were only seeking professional support two years after starting up. Adam Harper, director of strategy and professional standards at AAT, said as well as engaging an external accountant, businesses should “consider looking for their own "hidden accountant" - that colleague who is best placed to upskill and keep your business in good financial shape on a day-to-day basis.”

Source:   Money Donut (25/04/2018)

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