Virtual Finance Office – How we support you

Running any business is hard enough isn’t it ?

There’s the financial records to maintain, the customers to source, suppliers to deal with, payments to make, invoices to chase, staff to pay, marketing to be achieved and that’s before breakfast !

So wouldn’t it be a good idea to get a little help with some of this ?

As your accountant, we don’t just want to help you tinker around the edges of this (although we will if that’s all you want) with a bit of bookkeeping or running payroll but would rather run your complete finance function.

So how does this work?

Our Virtual Finance Office Service was designed for business owners who want to spend less time gathering together paperwork and more time on growing their business.

• Your financial records and accounts maintained in real time using industry leading software
• Staff payroll processed for you where staff can download payslips and documents from the cloud
• Payments to suppliers processed for you
• Personalised credit control – get cash in your bank rather than your customers
• Preparation of budgets and cashflow forecasts
• Monitoring of budget spends
• Monthly or Quarterly Management Accounts
• Monthly or Quarterly meetings to dive into the numbers
• Two page business plan – a living document that evolves with your business
• Annual goal setting meeting for both your business and you personally
• Attendance at Board Meetings if required
• Statutory Annual Accounts prepared and submitted to HMRC and Companies House
• Tax planning for the Company and Directors

Don’t worry if your bookkeeping has fallen behind. We provide a catch up service as part of our Virtual Finance Office service, so we’ll have you back on track in no time.

But as you can see it goes further than bookkeeping and payroll.

We won’t just look after the financial side of your business, we can also advise you on the strategic side, including the importance of business development as a vital part of your growth plan.

Business development is what helps your business move from slow, organic growth to fast-paced, hypergrowth. And it’s only by putting the right drive and expertise behind your business that you can turn your strategic ideas into real success stories.

So, how can we help you achieve this?

We will talk to you about your strategic goals

The starting point for any kind of growth is to pin down your goals and aims as a business and as individuals. When you know what you want to achieve over the coming months and years, it’s far easier to define a strategy for success. And that’s easier to do that when you talk to an objective adviser, like us.

We can sit in on your board meetings, talk to your executive team if you have one and get a real handle on what makes the business tick. And, armed with this knowledge, we’ll work with you to drive the direction of your business and find the best opportunities for you to focus on.

We will help you create a clear growth strategy and plan

Having a defined set of goals is a good starting point. But to put this all into action in a productive way, you’re going to need a comprehensive plan.

Our years of experience advising directors and business owners and their teams really comes into play here. We know the best routes to take, the budgets that will be needed and the right tactics for expansion. By putting these strategies into a clear plan, and linking this to agreed timescales, you have a route map to follow and action. A plan that we will help you follow and keep you focussed and accountable.

We can introduce you to a broader network of business partners

We work with a wide range of businesses across many different sectors, industries and niches. By introducing you to our network of clients, we welcome you into a supportive community of like-minded business owners. And that’s excellent news when looking for new trading and business partnerships.

This is a great way to build alliances and work together with other local businesses. And when you’re well-connected, you set the very best foundations for your future business success.

We’ll help you dive deep into the numbers

Having a real understanding of the numbers behind your business sets you apart from most business owners and enables you to make the best of business decisions.

We will help you understand those numbers and percentages you need to keep an eye on and how small tweaks can be seriously beneficial to your bottom line.

We can provide better routes to funding and investment

Whatever goals you’ve set for yourself and your business, it’s likely that you’re going to need additional funding or finance.

We’ll advise you on the most appropriate funding channels and how you can use these facilities to finance your plans. And we can also link you up with banks, lenders and business finance specialists – so you get the advice and finance you need to bring your planned growth to life.

We will help you track and measure your business growth

Meeting your targets takes time – and a whole lot of dedication. Measuring your growth over time, helps you stay on track.

We’ll help you create the reporting and metrics you need, so you have clear data to track your progress. We will provide you with timely monthly or quarterly management accounts that are bespoke for your business and future focussed.

We will hold monthly or quarterly meetings with you to keep things on track

As busy business owners, having the formal structure in place for monthly finance meetings can make a huge difference to profitability.

Whether you are working independently or part of a management team, taking the time to review and interrogate the numbers, understand how they all interact, review and set actions will really help as you strive for improved business profitability.

We will agree a meeting agenda that is bespoke to your requirements and make sure we focus on the important financial elements of your business growth strategy.

One size does not fit all 

We appreciate that when it comes to business one size does not fit all so neither does our Virtual Finance Office service. 

Typically a Finance Director would command a salary of around £75,000pa and a small finance team would come in at around £35,000pa.

We will prepare a service that is bespoke to you and your business with as much or as little that you need, require or your budget will currently support and all at a cost that will come in way below the figures above.

Ready to start chatting ?

Click HERE let’s get going.