BizSugar.com › Finance › How Can Small Businesses Fill The Accounting Gap?

By Colum Whelan

Managing the resources that go into accounts can represent a real Catch-22 for small and medium businesses. For many companies, a full time accountant is simply not financially feasible. Responsibility for issues like VAT returns and billing then falls to managers or directors.

Managers and directors are typically occupied reacting to more pressing matters and so these accounting responsibilities tend to be put off. This results in cash flow disruptions and even fines which ultimately leaves even fewer resources for accounting.