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Many people when asked to describe a typical chartered accountant (‘CA’) will visualise someone in a grey suit with matching shoes, with their eyes glued to the figures on the screen in front of them.
When any person or group starts a non-profit organisation, they do it with great enthusiasm and altruistic passion to make a difference. There’s nothing to fault such intentions but whilst they’re caught up in the moment of making a difference one area that’s often neglected is financial management.
With COVID-19 restrictions now largely over, and employees rapidly returning to the office, we’re only now being able to sit back and look at what our employees, particularly our trainees have missed out on during lockdown.
When Russia invaded Ukraine on February 24th, it not only affected its Eastern European neighbours but has had massive geopolitical ripple effects causing global economic uncertainty to surface once again.
In a world of fast changing technology, cloud accounting and computing, such as Xero, Sage Online and other advanced platforms available to the small business owner, accountancy takes on a whole new meaning.
One thing that’s certain when it comes to investments or savings – they will at some point be affected by currency fluctuations.
