Clarify who owns the financial numbers and when to bring in professional help, so financial health does not rest entirely on you and does not skip the expertise it needs.
Decide who owns each part of the financial function, and recognize the trigger points for professional help. The principle is constant whatever your size: own what you can do well and cheaply, delegate or outsource the rest.
| Financial function | Who owns it | Get help when... |
|---|---|---|
| Bookkeeping | It is behind, or eats your time | |
| Reporting and statements | You cannot produce or trust them | |
| Tax | Always, for anything jurisdiction-specific | |
| Financial review and strategy | Decisions get big, or you want a sounding board (fractional CFO) |
A good bookkeeper or accountant usually pays for themselves many times over in time saved, mistakes avoided, and better decisions. Many owners either drown trying to do it all or avoid the help that would pay for itself. Deciding this deliberately is what keeps financial health from depending entirely on you.
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