INSIDE YOUR BUSINESS: When does a company need an auditor as opposed to an accountant?
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GUEST – Ncumisa Mkunqwana - Chief Executive Officer at Chapu Chartered Accountants
Interacting with entrepreneurs is always enlightening because no two businesspeople are ever the same!
Their approaches to systems, processes and controls often differ based on personality and background. Some business owners like to set up sturdy business systems from the onset so that when the boom times come, there is already a solid foundation in place.
Others charge full steam ahead with everything else BUT systems and processes. For them, it’s all about sales, orders and money in the bank first!
If you fall within the former group, and you are working through your Business 101 checklist, then it’s worthwhile to consider the ensuing discussion.
Interacting with entrepreneurs is always enlightening because no two businesspeople are ever the same!
Their approaches to systems, processes and controls often differ based on personality and background. Some business owners like to set up sturdy business systems from the onset so that when the boom times come, there is already a solid foundation in place.
Others charge full steam ahead with everything else BUT systems and processes. For them, it’s all about sales, orders and money in the bank first!
If you fall within the former group, and you are working through your Business 101 checklist, then it’s worthwhile to consider the ensuing discussion.