We understand the crucial role of Finance Officer in giving the business strategic direction and impacting business operations. However the cost of employing an experienced full time Finance Officer can be quite burdensome for some companies. Our Virtual Financial Officer look to fill that void and give that competitive advantage back to our clients, so they can concentrate on their business. We have been able to provide this service through partnering with cloud based accounting solution like Xero, Quickbooks and FreeAgent that enables us to have access to clients data, irrespective of where they are.
Below is a comprehensive but not exhaustive list of what our Virtual Financial Officer can assist your business with.
- Company Formation and Administration- Set up your new company and deal with all of its statutory requirement.
- Bookkeeping and Management Accounts-Carry out your day to day bookkeeping to provide you with timely management accounts and financial reports.
- Prepare budgets and forecasts on a monthly or quarterly basis as per your needs
- Identify and design Performance Indicators that fit your business objectives.
- Implementation of business planning and strategy-Our Virtual financial Officer will work closely with you to develop your business plan and assist with implementation.
- Cash-flow Management- Having control of your company’s cash flow which allows you to operate within your means. Timely information will aid the management of your income and outgoings.
- VAT returns.
- Payroll- Carry out your payroll from start to finish, from joiners to leavers, reporting to HMRC, P11Ds, benefits, pensions etc.
- Banking- We can assist with opening bank account for your business.
- Ensure your business is compliant with various regulatory bodies.
- Funding – Guide through which type of funding will suit your business need, depending on the immediate and long term objective of the business and manage the funding process for you.
- Advice on product Pricing- compile all the financial information and analyse data to reveal how factors like pricings, outgoings and overheads impact on your profit.
- Retirement/Exit planning.
We at Makesworth work on building more meaningful face to face relationship with our clients. We listen and learn about what our client’s business goals are and help them achieve these goals by being their trusted business adviser.