PUBLISHED: 02:01 01 October 2008 | UPDATED: 22:24 15 June 2010
As the impact of the credit crunch continues to be felt across the country, one of the key questions for the economy is how small businesses can remain confident about their future prospects. ACCA (the Association of Chartered Certified Accountants) is ac
As the impact of the credit crunch continues to be felt across the country, one of the key questions for the economy is how small businesses can remain confident about their future prospects.ACCA (the Association of Chartered Certified Accountants) is actively participating in BT's Small Business Week which takes place from October 13 to 17. This campaign is dedicated to championing the 4.3 million plus small enterprises in the UK and will highlight the reasons for confidence in small businesses, despite the current economic outlook. During stormy economic conditions, SMEs (Small and Medium Enterprises) need good solid advice from accountants. Over the last five years ACCA has committed itself to becoming the accountancy body closest to the small business sector. Careful planning is necessary now more than ever. We recommend that small businesses should maintain a meaningful dialogue with their accountants and banks.. Could you switch accounts and find a better deal with a new bank? Could your current bank give you any special deals as a loyal customer? Chase your cash-flow, ensure management accounts are up-to-date, and that all key financial reconciliations are completed, reviewed, and outstanding items cleared.Further information relating to Small Business Week can be found on www.sbw08.co.uk. During these turbulent times, the message for SMEs is to closely manage your business, and prepare for the economic recovery that will inevitably follow.Wyn Mears Director ACCA UK
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