Accountant Alternative
While some business owners choose to handle the books themselves, others appoint accountants. Still others hire someone called a “daily money manager.”
The term is relatively new, but it’s not complicated. A daily money manager simply handles all of the day-to-day financial duties, including payables and payroll, deposits and ledger-book balancing. Money managers can also keep track of financial documents, negotiate with creditors and handle billing disputes for your dealership. You can also have suppliers send bills directly to your money manager, thus freeing you up to focus on growing your business.
So, what will it be: accountant or money manager? Here’s what those ‘in the know’ say: If you’re a tire dealer that needs help planning long-term finances, you should go with an accountant. If you just want assistance with the regular financial chores that keep your dealership running, choose a money manager.