Virtual Finance Office

As your business grows, managing the finances can quickly become more than simply completing the bookkeeping and filing a VAT return.

You need accurate information, reliable processes and someone keeping an eye on the numbers. But recruiting, training and managing an in-house finance team can be expensive and time consuming.

That’s where our Virtual Finance Office (VFO) service comes in.

We become your outsourced finance team, working alongside you and your business to manage the day-to-day finances and provide the financial information you need to make confident decisions.

What can your Virtual Finance Office manage?

Every business is different, so we tailor our service around the support you actually need.

Your Virtual Finance Office can include:

• Day-to-day bookkeeping and transaction processing
• Purchase invoice processing
• Sales invoicing and credit control support
• Bank reconciliations
• Payroll processing
• VAT returns
• Supplier payment preparation
• Cash flow monitoring and forecasting
• Budgets and financial planning
• Management accounts and regular reporting
• Profit and loss analysis
• Financial processes and policies
• Accounting software and systems support
• Regular finance meetings
• Ongoing advice and support

Whether you need us to manage the entire finance function or work alongside members of your existing team, we’ll build a service that works for your business.

More than bookkeeping

A Virtual Finance Office isn’t simply an outsourced bookkeeper.

We’ll get to know your business, understand how it operates and help you make sense of the numbers behind it.

Instead of finding out months after the year end that profits have fallen or costs have increased, regular reporting helps you identify changes earlier.

We can help you answer questions such as:

Are we making enough profit?

Where is our money being spent?

Can we afford to recruit?

Why is cash flow tight when the business is profitable?

Are certain areas of the business performing better than others?

Are our financial processes working efficiently?

Our aim is to give you useful financial information, not just reports full of numbers.

Your own experienced finance team

With our Virtual Finance Office service, you benefit from an experienced finance team without needing to recruit and manage an internal accounts department.

There’s no holiday cover to arrange, no additional training costs and no reliance on one person knowing how everything works.

You have a team supporting your business and established processes designed to keep your finances running smoothly.

Digital systems that work for your business

We’re a digital accountancy practice and work with a range of cloud accounting and bookkeeping systems.

We’ll review your existing processes and help make sure your accounting software works for your business rather than creating more admin.

From invoice processing and receipt capture to project reporting and management information, we can help streamline your finance function and reduce unnecessary manual work.

Fixed monthly fees

Your Virtual Finance Office is provided for an agreed fixed monthly fee, based on the level of support your business needs.

That means you know your finance costs in advance and can budget with confidence.

As your business changes, your service can change with you.

Ready to hand over the finance function?

If managing your business finances is taking up too much of your time, or you’ve reached the point where you need more financial support but aren’t ready to employ an in-house finance team, a Virtual Finance Office could be the answer.

Get in touch for a free, no obligation chat about how we could become your outsourced finance team.