How can CFOs and CPAs easily collaborate ?

Published on : 04 November 20212 min reading time
Having your own business has always been a dream of many people. Building a team of efficient employees is important in this order. For example, every company needs a CFO and a CPA to function properly. Getting everyone in your company to work together in harmony is also important in this order. However, this can be quite difficult, especially if you have no experience as a manager. Therefore, it is important to find out the basic tips for optimising the collaboration between your CFO and your CPA.

Have a common dashboard

In order for your CFO (Chief Financial Officer) and your CPA (Chartered Professional Accountant) to work together effectively, a number of steps need to be taken. One of the most effective is to give them a common dashboard. This will allow them to access the same information simultaneously and thus optimise their respective work. Currently, more and more solutions www.leaseinsight.com and tools can be found all over the Internet. However, take the time to consider all of the options available on the tool you are interested in before making your choice.

Having common issues

For a business to grow over time, both the CFO and the CPA must have common issues. In this order, the CFO will have to ensure that he/she gradually develops tools that will facilitate decision-making in the company. Similarly, your CPA, with the help of the CFO, will be able to anticipate the company’s finances effectively.

However, communication remains the key to collaboration between the two experts.

In this context, many companies also organise team building sessions to improve the cohesion of all employees.

Define the limits of their intervention

To enable your CFO and CPA to work together in harmony, each of them should also know the limits of their duties. A CFO, for example, will have to keep an eye on the company’s regulations and ensure its social and legal permanence. A CPA must take care of payment processing, the regularisation of tax and social declarations or the dunning of unpaid invoices. From time to time, don’t forget to organise meetings between the two parties in order to determine how to improve their collaboration. The most important thing in any case is to make an annual assessment to evaluate the evolution of your company.