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
- Tips for success - what to do before you begin
- Kirsty also recommends the book written by Shane, “Putting Excellence into Practice” especially for accountancy firms
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?
