Craufurd Hale has been providing outsourced accountancy services to small and medium sized businesses for many years, and along with the growth and success of our clients who have utilised these services, our outsourcing team has grown, allowing the service offering and expertise in this area to develop.
The use of Xero cloud based accountancy software and add-on applications enables outsourced accounting services to be delivered completely remotely from a business operational centre.
Outsourced accountancy services must be cost effective, primarily to save on headcount and staff costs, but also to provide expertise which might not otherwise be available in-house. It also provides back-up cover and support where a business may need to scale up operations and flexibility in the event of restructuring when internal efficiencies are sought.
There are four key sectors where we have seen great value added to our outsourcing Clients and these are;
- Personal Service Companies, so assisting consultants and contractors manage their day-to-day affairs through their own limited company
- Start-up business and high growth companies. Outsourcing provides the flexibility and expertise to set up systems and controls and scale up as the business grows at incremental cost without the need to increase headcount
- Established businesses looking for cost savings, continuity of staff and service levels
- Supporting overseas companies with their UK operations, normally transacted through a UK wholly owned subsidiary company
Our outsourced accountancy services can include the following areas;
- As Xero Gold Partners and Certified Advisers – Cloud software set up
- Full day-to-day bookkeeping – including invoice scanning and processing for the paperless office
- Payroll and auto enrolment
- Making Tax Digital (MTD) VAT return filings
- Full financial support including undertaking supplier payment runs
- Credit control and direct debit collections
- Budget preparation
- Management reporting including board meeting attendance
- Cash flow forecasting
- Company secretarial services
- Year-end compliance
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"It's an A team service at Craufurd Hale group...top notch, brilliant personal and business all accounting and financial matters covered! No other firm can match their quality"Mr R Houbby, Reading