Our full finance department service gives you the same resource that large companies have, but affordable for SMEs and growing businesses. We do the bookkeeping leg-work and financial admin and you get to focus on running and growing your business.
All of your bookkeeping, accounts, tax & payroll handled in one place for a fixed monthly price.
Core Services
- A dedicated account manager
- Bookkeeping and accounting services for all areas:
- Bank receipts and payments (bank feed maintenance)
- Accounts Receivable (“AR”) inc. issuing sales invoices to customers
- Accounts Payable (“AP”) inc. recording supplier invoices & credits
- Staff expense accounting
- General Ledger (“GL”) including accruals and prepayments
- Fixed Assets including additions, disposals & depreciation
- Payroll processing & accounting
- Bank reconciliations – business/deposit accounts and credit cards
- Preparation and submission of quarterly VAT returns
- Chart of Account maintenance
- GL completion to sufficient level to support year-end accounts preparation
- Annual statutory company accounts preparation including filleted version for Companies House
- Annual corporation tax return for HMRC
- Annual confirmation statement for Companies House
- Occasional tax and accounts advice (inc. profit extraction) by email or phone
Reporting Services
- Preparation of monthly Management Accounts including budget variances
- Monthly review of the primary financial statements:
- Profit & Loss Account
- Balance Sheet
- Comments on profitability & liquidity (cashflow), cost/expense management
- Analysis of key performance indicators (kpi’s) and critical business metrics
- Monthly meeting to discuss the above
Financial Planning & Analysis (“FP&A”)
- Budgeting for 1 to 2 years
- Business planning for 2 to 5 years
- Reforecasting/rolling budget preparation
- Cashflow planning and forecasting
Finance Director Services
As the business grows you will very likely need a Finance Director:
- On call services initially moving to part-time on a more structured basis
- To develop reporting of management information (management accounting and financial reporting)
- Business planning & expense management
- Tax compliance & tax planning
- Company secretarial
- Corporate governance
- Corporate finance
- A sounding board to bounce business ideas off
- Attending meetings for example with investors, auditors or bankers etc.
- Contract and company law advice
- A right-hand man for the CEO.