neoaccounting

The majority of business leaders rely on accountants to make finance decisions, a new survey has found According to a survey of 3,874 managers, directors and C-level post holders by business finance company MarketInvoice, 56% said that accountants were their most important external advisers when considering business finance options. Only 23% of them relied on commercial finance brokers and only 3% would consider speaking to a bank directly. The survey found that 38% of business leaders expect a cash squeeze in the next six months. They said they would ask for support and guidance from accountants over this period, and would turn to invoice finance (35%), bank overdrafts (30%) for additional funding and business credit card s (7%). In a bid to cut costs, business leaders said they would put expansion plans on hold (34%), delay launching new products (33%) and reduce marketing spend (20%). Darvish Heshejin, head of partnerships at MarketInvoice, said, “Accountants and c...