most companies have had full time senior management in their
organisation. However in recent times with new technology and
communications available, people can be involved in key decision
making processes without a full time physical presence. In many cases
a full time Financial Controller can be an inefficient use of an
expensive resource. I have identified many businesses that do not
need a full time ‘Head of Finance’ & I
provide this ‘Interim
Financial Control’ service but on a part time basis. In this
will control the complete Finance function, recruiting and training
junior accounting staff or bookkeepers as required and dealing
directly with banks and/or investors. Typically I will report
directly to the owner or CEO.
of roles and duties include
reporting to the CEO/Board, developing financial controls and managing
and communication to bank, investors and other shareholders.
forecasting, cost reduction and cashflow improvement projects.
day operational activities, accounting system control and internal
with external auditor, banking and investor requirements.
of accounts for audit or non audited accounts for filing with the
Companies Registration Office.
and tax compliance – including Corporation tax, VAT &
International accounting requirements, Stock Exchange and SEC reporting.
system review and implementation of new systems
raising due diligence.
Finance Staff where necessary.
tips for Financial Control
cashflow and maintain future cashflow projections
up to date and accurate management accounts.
budget and review monthly results versus budget
a detailed sales pipeline.
tight credit control
purchasing and expenditure
up to date accounts on a computerized accounts package
all tax and legal filings and compliance are up to date
- Have at least a part time HR function
and meet all your employer requirements.