Stop belittling the importance of either function.
Marie Speakman ??
Helping UK Accounting Practices Overcome Staff Shortages & Bookkeeping Challenges | Boost Quality & Capacity With Your Existing Team
It’s time to appreciate the roles of Accounting and FP&A!
Here’s what you don’t need:
1. The misconception that Accounting and FP&A are the same
2. The belief that Accounting is only about data recording and compliance
3. The idea that FP&A solely involves number crunching and forecasting
4. The assumption that the two don't need to interact frequently
Here’s what you do need:
1. Realisation that Accounting and FP&A have different, yet complementing roles
2. Understanding that Accounting provides solid financial data and ensures compliance
3. Acknowledgment that FP&A leverages this data to strategise, forecast and improve performance
4. Recognition that effective collaboration between these functions can drive growth and profitability
Stop belittling the importance of either function.
Stop underestimating the potential of effective collaboration between the two.
Stop ignoring the capabilities needed for each role.
Accounting and FP&A are both critical pillars of a company's financial structure.
They serve different roles but work towards achieving the same financial objectives.
Investing in both is essential for long-term growth and success.
Are you maximising the potential of your Accounting and FP&A teams??