Why Investing in Your Finance Function is Critical for Business Success

In this episode, we explore the critical importance of investing in your finance function and how it can make or break your business.  We discuss why allocating 1.5-2.5% of your turnover to financial management—including bookkeeping, reporting, cash flow, and tax compliance—can significantly impact growth and profitability.  Through real-world examples from businesses that faced major financial challenges due to underfunding their finance departments, we illustrate the tangible benefits of proper financial oversight. From resolving VAT issues and correcting bookkeeping errors to saving thousands in tax liabilities, this episode shows why your finance function is essential to success.  Don’t wait until it’s too late—learn how to invest wisely and secure the future of your business. Hello. Welcome to the leaky bucket to podcast. I'm your host in Morgan, and I'm here to make accounting fun and practical. With over 15 years of experience as an accountant and a business owner, I'm excited to share tips and tricks that will help you improve your financial controls and gain the clarity that you need to succeed.  So let's plug these financial leaks and take your business to the next level. Stay tuned for some great insights Thanks so much for taking the time to join us for this episode today. We will continue to bring you great tips and tricks in future episodes. But if you can't wait until then, then you can always head over to our Facebook group and join the conversation with fellow business owners and entrepreneurs.   Accounting Tips and Tricks Facebook Group - https://www.facebook.com/groups/accounting.tips.and.tricks Until Next Time... Support the show We hope you enjoyed this episode You can find out more about us using the links below Know your Business Financial Health? Check this Score Card Ian"s LinkedIn Account The Leaky Bucket Youtube Channel MBS Accountants Website