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Last week I attended an event with some of the members of the Richmond Chamber of Commerce.

The discussion was a new initiative, which has been called ‘Doing Business Together’.  This is intended to ease the difficulties that small businesses are experiencing in obtaining finance from the banks. By encouraging the banks, small businesses and their accountants to work together, it is hoped that trust will increase and finance will be more easily available for growing businesses.

It is intended that small businesses will work more closely with their accountants to prepare monthly accounts, which will provide banks and creditors with up to date financial information.

The Business Secretary, Vince Cable said, “ There is too much misunderstanding and even mistrust between banks and their clients, which creates a barrier holding back firms, banks and the wider economy”.

If you would like further information about our Monthly Management Accounts service, please call us at Haxton Chartered Accountants.

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