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What the best accountants are doing

Adriana Amato Jul 14, 2020

Kirsty McGregor, CFN, and Shane Lukas, AVN Accounting Network discuss the evolving role of the accountant in lockdown and how the profession might change going forward.

Additional resources

 

Taking action

Businesses need to plan for survival. Prepare a cashflow forecast and ensure they know how they will survive this period to thrive again. We are asking accountancy firms to join our campaign and commit to have a dialogue with every single client to:

  • Check in. Are they coping okay? What are their main worries?
     
  • Prompt a forecast. Encourage them to prepare a cashflow forecast for the next 12 months & assist with that, if necessary
     
  • Assess further support & funding needs. Do they need further support to raise finance, manage working capital or consider another strategic direction for their business?
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