Some businesses may require more than just Bookkeeping, we have introduced the Finance Manager aspect, to ensure we cater for all types of businesses.
Usually, a larger business would employ a Finance Manager full time. However, small businesses tend to just require Bookkeeping support. As a business grows, they may start to require more help, although not necessarily need a full-time permanent member of staff to complete this work. That is where we fit in.
We can become your Finance Manager, enabling you to know your finances are in hand without you having to worry. We will complete several tasks for you to ensure your finances are consistently in order.
Firstly, we will manage and run the day-to-day financial operations in your business, these mainly consist of the usual Bookkeeping tasks, however we take this a step further by also preparing full financial reports. These reports include monthly, quarterly, annual P&L, Balance Sheet and Cashflow reports.
Every month we complete your month end accounts, this enables us to also manage your cash flow and forecast your future cash flow too. We will communicate with your team and any external contacts to understand requirements, changes in practice and future plans.
Your financial performance will be closely monitored to ensure improvements can be made month on month. We’ll also complete payroll whilst ensuring any suppliers and contractors payments are also made. Advice and recommendations will be provided on large spending initiatives and whether the cashflow is suitable to withstand these payments.
Finally, we’ll continue to ensure your business introduces best practice processes for the financial aspects. This includes documenting these processes required for continuous improvement.