Should a business owner be in charge of the business account?

[Reedex]

If it is a very big business it will be very difficult for the owners of the business to manage it all alone.

This is why there are a lot of specialisations in each and every businesses and there are different people heading different department.

 

[uptrendfinancialsignal]

This is why there are a lot of specialisations in each and every businesses and there are different people heading different department.

Specialisation is a very important thing that must be done and this is why we need to specialised so that our business can grow.

 

[Reedex]

Specialisation is a very important thing that must be done and this is why we need to specialised so that our business can grow.

It will also enhance effectiveness because they will be productivity.

 

[uptrendfinancialsignal]

It will also enhance effectiveness because they will be productivity.

You have a very good point because there will be implementation of different kinds of professionalism which will amount to overall productivity.

 

[Reedex]

You have a very good point because there will be implementation of different kinds of professionalism which will amount to overall productivity.

Been very productive is a very good and it will enhance the business growth.

 

[uptrendfinancialsignal]

Been very productive is a very good and it will enhance the business growth.

The owner of the business can still decide to be the accountant and there's no harm in it.

 

[Reedex]

The owner of the business can still decide to be the accountant and there's no harm in it.

It is true because there are so many business owners who manages their accounts themselves.

 

[uptrendfinancialsignal]

It is true because there are so many business owners who manages their accounts themselves.

If you cannot trust your employees to some extent you would always want to manage your account yourself.

 

[Reedex]

If you cannot trust your employees to some extent you would always want to manage your account yourself.

If the business is still very small, i think that the business owners should be able to manage the account himself.

 

[uptrendfinancialsignal]

If the business is still very small, i think that the business owners should be able to money the account himself.

Even if it is big, he can still oversee the accounting department himself.

 

[Bisolami]

The size of the business will determine if the business owner would be in charge of the business account.

Exactly
There are some businesses that can be done alone and you do not need any other person to run it for you

 

[eldavis]

It depends on the business owner, if he or she feels they can handle running the account, then i see no reason as to why he should not handle it.

 

[Heatman]

In my view, the business owner needs to know the financial part of his or her business. Although the financial concern can be handled by an accounting firm, which we did before.

Even if the accounting firm or department is the one that is handling any information that has to do with finances in the business, they will still have to report everything to the business owner in the end which is why I believe that the owner should also have access to those accounts from the beginning.

 

[uptrendfinancialsignal]

Even if the accounting firm or department is the one that is handling any information that has to do with finances in the business, they will still have to report everything to the business owner in the end which is why I believe that the owner should also have access to those accounts from the beginning.

It is a must that report must be made to the business owner at intervals.

 

[Reedex]

It is a must that report must be made to the business owner at intervals.

All the activities that is going on in the company must be reported to the business owner regularly.

 

[cherry123]

if it is a very small business one can take all control over account section but for a big one it might need more help so it is to employ a very good employees

 

[kirubel]

They can be in charge for their business account but they need to have proper knowledge and an experience on running a business account and financial managements, otherwise they will make a big mistake and will lose the business.

 

[Ratine]

Of course yes,Why not. I think that this is the most crucial part for the business. The business owners should handle the flow of cash in person so that they can be accountable for the monies that the business generates.