Outsourcing Services- Business Centre Lounge
How Does It Work?
We provide your business with a suitable template for sales, and cash, payroll management, and we use this information to produce your management accounts.
Your key source records such as invoices, bank statements etc, are sent to our offices on a weekly basis.
Our team will produce weekly and monthly information in order to provide both your statutory requirement for vat and PAYE, but also the key financial information to maximise business profits. We can do on a cloud package where we can both access the data and update.
You can choose to outsource all or part of your accounting requirements. We will tailor a package to suit your company needs.
The range of services offered include:
Preparation of monthly management accounts, advice on margins and analysis of business performance and KPI's.
Accounts payable and credit control facilities
Full bookkeeping services including all aspects of payroll, PAYE and VAT returns.
We provide a daily service for queries in relation to Payroll, Employment Legislation, Employment Contracts, VAT, Tax registration, Accounting Software packages
Set up of manual and computerised bookkeeping systems, cloud based systems.
Drop in and have an expresso in our modern office and meet our team in our business centre.
We can offer this service on or off site as required.
Helping to improve, digitalise and become more efficient.
Outsourced Financial Controller Service-Fractional CFO
Many businesses do not have a requirement for a full-time internal financial controller. Our outsourced financial controller service gives you access to highly qualified individuals who can provide you with the key monthly or quarterly reporting that you require, without the burden of having to take on an employee.
Perhaps your business is in the early stages of its lifecycle where the cost of an internal financial controller is prohibitive. Perhaps your company is in a growth phase where your financial reporting requirement is growing. In both of these cases, key financial information is critical. We can do this for you.
We make the information meaningful – we will not simply present you with reports, we will work with you to ensure you receive the information that you need and will discuss the implications of same with you. We do this for medium sized companies that need someone to manage costs and accounts function.
Our Services Include:
Implementation/review of accounting systems, procedures and controls
Preparation of detailed financial projection
Manage ongoing relationships with financial institutions
Preparation and review of monthly or quarterly management accounts
Attendance at board meetings
Dealing with ad-hoc tax issues
Deep dive and establish suitable KPI’s for the business.
Deep dive in an area to improve performance
Cost reduction
Financial Accounting & Advisory
Review of existing book-keeping procedures and ongoing management of these
Guidance on establishing your account system working
Development of effective departmental and management reporting
Production of management accounts
Preparation of VAT, PAYE/PRSI returns
Preparation of annual financial statements
Cloud Accounting is good for business
The cloud is also one of the most secure ways to store information. If, for example, your laptop is stolen, no one can access your data unless they have a login to the online account. This is where the data lives rather than on your hard drive. And if you invite users to view your data, you can control their level of access. This is much more secure than emailing files.
In the event of a natural disaster or fire, business productivity doesn’t have to be affected because there’s no downtime. Being in ‘the cloud’ means that all your information is safely and securely stored off-site. Provided that you have access to any computer or mobile device that is connected to the Internet, you’re back up and running.
We can be involved as much or as little as you need. The benefit of being cloud-based software means collaboration can take place from anywhere with an Internet connection, on any device. No time wasted, or added expense downloading or copying information to send to your accountant.
Contact our business centre team to see how we can help you in going with a suitable Cloud Based programme. We work with all the software providers that are supplying cloud based packages.
We work with all leading cloud based accounting packages.
Cloud-based accounting software gives small businesses better tools, information and connections. It connects people with the right numbers anytime, anywhere, providing you with a better overview of your finances and improving collaboration with your team.
Cloud accounting software is similar to traditional, on-premises or self-install accounting software, except that the accounting software is hosted on remote servers. Data is sent into ‘the cloud’, where it is processed and returned to the user.
You can use cloud-based software from any device with an Internet connection, which enables small business owners to stay connected to their data and their accountants. Online accounting software can integrate with a whole ecosystem of add-ons and there’s no need to install and run applications over a desktop computer. This means that it’s scalable, cost effective and easy to use.
Why Outsource My Finance Function?
Outsourcing is promoted as a means of obtaining best practice services and efficiency in a cost effective manner. It gives businesses access to professionals leaving the business to focus on key strengths. We have and successfully outsource the accounts function for many businesses and make the process simple and efficient so you can do what you do best in running your business. Outsourcing has become popular to free up the time of business owners to grow and manage their businesses with the peace of mind that the accounts function is being professionally handled. Please get in touch for a free initial consultation.
At F & P we can be an organisation’s flexible finance department, working closely with the owner and management team, providing a consistent and expert resource, with as much or as little support and expertise as is needed. Our team’s knowledge and practical experience means we can quickly understand and transform a business’s financial processes ad create efficient systems that produce real benefits.
F & P work with a wide variety of businesses and finished by stating daily financial operations can be complex and time consuming and can overshadow the more strategic financial activities that help grow businesses. We can bridge any resource gaps and work in partnership to support business owners to build successful businesses as we do for lots of SMEs. Whether its monthly management accounts, support with financial road mapping or strategic business planning, F & P outsourcing are available for an initial consultation.
The Key Benefits of Outsourcing
Focus on core business function
Get skilled staff at affordable fees
Reduce operating costs
Reduce overheads
Increase profitability through better financial control
High quality financial analysis of your data
Never worry about holidays or maternity cover again
Proactive cash flow management
Ability to spot quickly any irregularities in internal controls
The business owner has more time to devote to the strategic and business development and growth of turnover knowing that this process is being managed by professionals.
We can outsource for small, medium and large business any part of their accounts function be it payroll, management accounts, KPI’s or book- keeping.