I worked for some time as a part time FD and I believe it is an invaluable service for businesses who are:
- Too small to be able to afford or justify employing an experienced, qualified accountant full time.
- Too big, too complex or too insecure financially to be able to ignore financial issues on a week by week, month by month basis.
Small businesses who are performing well can afford to take a fairly relaxed view to accounting issues. They can work with their professional accountant and have their own key performance indicators to monitor.
Bigger businesses know that expensive mistakes can happen too quickly.