Financial Management System

Our powerful Financial Management System provides a ‘back office’ finance department headed by a Chartered Accountant for owner managed businesses at an affordable price.

There are several software programmes linked together which automate the  process of accounting. It is multi language, multicurrency and handles branch accounting, project costings and group consolidations.

The system provides all of the functions that the finance department of a successful company would carry out. The bookkeeping system is embedded in our website in a secure environment with full back up facilities and we can grant access rights at various levels so that clients can manage parts of the system if they wish. Our clients’ finance department can rapidly increase or decrease in size as circumstances change without any input required from them.

It is a 100% real time system that allows clients to know the financial position of their business at all times allowing them to make crucial decisions for the future.

At the heart of the system is our Profit Improvement Programme which utilises well established business tools, and our extensive experience in advising the SME market to help our clients optimise their profits.

The Financial Management System saves business owners the trouble of buying and setting up accounting software, recruiting accounting personnel and having to cope with absences or unexpected departures. It saves clients  money because the total cost of the service is no more than having their own in house staff and accounting software and year end accounts and tax returns are COMPLETLY FREE of charge.

How It Works

Purchase invoices are e-mailed or scanned into the system to reduce input and errors and they are approved online by our clients. Once approved they are posted into the accounting system which prepares a BACS file of payments due for our clients’ approval and submission to their bank, automating the process of supplier payments whilst leaving them completely in  control.

Bank transactions  are streamed daily from banks directly into the accounting system using so that it is always up to date.

Expenses receipts can be scanned and posted in from our phone app which also uses  GPS to record business mileage claims you can e-mail  into your accounting system.

There is a credit control system which provides credit checks and regular monitoring of your customers’ credit rating by Experian. Sales invoices are generated within the system and are e-mailed or posted to your customers. Statements and reminder letters are generated by the system including a solicitor’s letter before action where there is non-payment of customers’ debts.

Reporting

We deliver real time financial information readable by computer, smartphone or tablet showing comparisons with last year and budget, in an easily understandable ten line format, allowing you to drill down to the detailed transactions in your accounts to the point where you can see actual invoices if you want to. You no longer have to wait for your  year end accounts to see whether you are trading successfully or not.

Taxation and Support

We carry out a tax planning review three months before each year end to minimise your tax liability. We provide tax investigation fee protection insurance to cover the cost of tax investigations. You have unlimited telephone support from us on any business matter and a hotline manned experts in business law.

Network of Professional Service Specialists

To provide the full range of specialised services our clients will require from their ‘back office’ Finance Department, we have put together a network of alliances with other service providers. The members of our network include  business cost reduction services; an online debt recovery system;  claims for Research and Development tax credits; asset finance; invoice finance; commercial and personal mortgages; peer to peer lending; tax mitigation advice, life assurance and insurance and online administrative and secretarial services retirement planning and wealth management; commercial law, employment law and health and safety and research and development tax credits, capital allowances claims on buildings, insolvency advice and audit services support as well.