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Are we a Cost or an Investment?

Emma Walsh

As accountants, we're always helping our clients find ways to reduce their overhead costs - one of the seven ways to grow your business. Did you know that your accounting fees are an overhead cost? Should you be cutting this cost? Or do you view us as an investment?


Expenses are a necessary evil; we can't avoid them and often view them as a grudge purchase with little value add.


An investment, on the other hand, is about the return on your spend - what you get back as benefits; more cash, more discretionary time, or simply peace of mind that everything is done as it should be.


The true purpose of an accountant is to provide enduring value to you and your business. It’s no longer just about annual accounts and tax. We believe that all our clients should have, at a minimum:


  • An annual Business Plan

  • An annual Cashflow Forecast

  • Ongoing accountability coaching

Clients who are investing in these services are reaping the rewards. They know where they want their business to go and have identified the goals they need to achieve to get there. If you consider what you spend with your accountant to be a cost, then cut that cost; if you consider it an investment, you need to invest now more than ever.


"The biggest expense is an opportunity cost." - Anon


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For advice about Accounting and Taxation; call our team on 0203 488 7503, 01992 236 110 or contact us by email at welcome@walshwestcca.com or via our website www.walshwestcca.com


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+44 (0)203 488 7503 / +44 (0)1992 236 110

Registered Office Address

Warlies Park House, Waltham Abbey, Essex, EN9 3SL

England, United Kingdom

Walsh West Ltd CRN: 10714886 I Walsh West Estates & Probate Lawyers Ltd CRN: 13400934. Registered in England & Wales

Walsh West Estates & Probate Lawyers is authorised and regulated as a CILEX-ACCA Probate Entity under firm number 3001258 by CILEx Regulation Limited. Walsh West Chartered Certified Accountants, Walsh West Ltd is a Member of the Association if Chartered Certified Accountants ACCA under firm number 0997382.

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