Why Your Finance Function Might Be Holding You Back with Julie Wilkinson

Is your accountant really enough to protect your business? In this episode, I break down the five critical financial skill sets that most business owners are missing. Drawing from financial compliance audits and surveys of over 200 SME owners, I reveal why profitable businesses still run out of cash and how hidden risks are costing you thousands without you even knowing. You'll discover real case studies including a business that lost £150,000 in unprocessed expenses, another that missed £85,000 in unbilled sales, and a post-acquisition disaster that uncovered a £750,000 discrepancy. Whether you're scaling through acquisition or preparing for exit, these skills will help you transform your business from a lifestyle into a valuable asset that runs without you. Every business we've audited has at least a 10% cash leak somewhere. Learn how to find yours and fix it before it's too late.   “Business owners don't actually know what finance can do.” – Julie Wilkinson   You’ll hear about: Why "I've got an accountant" leaves you vulnerable to hidden risks Financial literacy: understanding cash flow, margins, and break-even points Forecasting and scenario planning to protect against business-killing risks Data interpretation and why monthly margin fluctuations signal deeper problems Digital finance and automation to prevent operational cash leaks Commercial and strategic thinking for sustainable business growth   Connect With Julie Wilkinson   LinkedIn - https://www.linkedin.com/in/juliewilkinson-accounting/ Tik Tok – https://www.tiktok.com/@wasolutions YouTube - https://www.youtube.com/channel/UCUvq6gfNoP_4dfIJulL6C6A Facebook - https://www.facebook.com/wilkinsonaccountingsolutions Website - https://wilkinsonaccountingsolutions.co.uk/   Find out more about our brilliant sponsor Acquisition Masters here - https://www.acquisitionmasters.co.uk/   Before you go, don’t forget to leave a comment and review if you got something out of this episode!