If your finance team are just providing the numbers, then there are a LOT more services they can provide.
As the first full-time, qualified CA at eWave, the conversation started with a discussion about what the finance team might be able to assist with, from which the below document was born. Previously, the business had been served by external accountants taking the figures from the bookkeeping system populated day-to-day by the owner and the office manager.
Over the course of my first 6 months with the business, I took almost all of the accounting functions, including monthly management reporting, treasury, and ultimately payroll as well, in-house and subsequently offshore to our team in Belarus, saving over $50k p.a. in external accounting fees. I myself was then able to focus on business partner, commercial and strategic issues.
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