Larissa Feeney ACA8 March 2017

Questions What does your accountant do for you

currently? Which of these services do you regard as

adding value? What additional services would you

want/expect/appreciate? How could your accountant make your life

simpler/better? What financial matters do you find

challenging What, if anything do you not value in the

context of your relationship with your accountant?

The role of the accountant Is your accountant meeting your

expectations How to get more from your relationship

with your accountant

Role of the Accountant Operational Strategic Advisory

Operational Bookkeeping VAT PAYE Accounts preparation Tax returns Management accounts

Strategic

Margin AnalysisBudgeting and Financial planningCapital Investment informationDealing with banks and other

lendersDealing with Revenue/CROHelping with grant applications

Advisory Confidential advisor Sounding board General business advice Experience in specific industries Introductions

Is your accountant meeting your expectations

What duties do you expect them to perform?

What does your accountant expect from you?

What duties do you expect them to perform?

Bookkeeping? System recommendations Payroll Accounts/tax Advice on figures, margins Management figures/KPI’s Monthly/quarterly/annual meetings Timing Fees

What does your accountant expect from you?

Quality of records Timing Payment

How to get more from your relationship with your accountant

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Communication How can we improve the records we are

providing What do you expect When do you expect the records When can we expect draft figures Will the figures be relevant Do we need management accounts What figures should we be focusing on

Communication How much What are the payment terms What about calls, emails, meetings

Adding value Choosing an accountant Communication/Discussion Systems/management information Targets/KPI’s Review review review