Helen
Senior - Financial Director
I have been with the company
for 15 years and developed new accounting and
costing systems to cope with each stage of the
company's development. We now use a fully integrated
costing and accounts package to give us the
reports required to monitor each individual
contract on a daily basis and to give us the
overall financial results on a monthly basis.
I could write a book on managing
the finances of a £10 million turnover
company with no bank overdraft which obviously
requires excellent credit control, negotiated
payment terms with clients and very good relationships
with suppliers and subcontractors.
I restrict my support team
of accounts and administration staff to a minimum
to reduce overheads and we rely on hard work,
efficiency and communication to get all reports
out by the set deadlines required for my co-directors
to maintain their controls on each contract
and to ensure that we are achieving our overall
financial targets.
Monitoring of all costs and
setting accurate overhead recovery rates are
vital to ensure that we are aware of all implications
of prices agreed by both competitive tender
and negotiation.
|