Firstly, I’m not a ‘Big Four’ trained accountant. My first experience of the industry was working for an aluminium die casting firm in the Midlands, where I literally had to get my hands dirty doing stock takes as well as record all the bookkeeping of the business manually as it was 4 BC (4 years before computer).
The company was struggling, and I’ve come to realise that it was the accountant (my boss) who kept the business afloat, it employed over 100 people and still trades today.
Since then I have worked for some incredibly successful businesses and some very poor ones which are no longer with us. They were in the retail, manufacturing & distribution sectors.
The thriving firms all had strong finance teams with good control, up to date information and an eye on the future. The ones that closed were vain, had very little control and no real financial plans or forecasts.
Which would you rather be? I’m guessing the first! ”