Virtual Finance Office
We provide a bespoke Virtual Finance Office service to small and medium sized businesses at often, less than the cost of a full-time junior staff member.
Don’t let the word ‘virtual’ put you off. It may be techy sounding but our service is very much based around the human element – giving you access to our team of experienced finance professionals who have managed the entire finance function for other businesses like yours.
We can provide the full finance function from bookkeeper to FD and anything in between or complement your existing team with the elements that are missing.
The traditional ‘finance function’ would have had the following departments:
- Accounts receivable
- Accounts payable
- Financial reporting and control
- Working capital management
- Forecasting and budgeting
- Strategic and financial planning
- Tax and compliance
Small businesses would typically only have a limited number of people to handle all of the above functions if any at all – sometimes it’s just the owner together with non-finance professionals that try and get by.
What benefits can a Virtual Finance Office bring to you?
Our VFO offering can give you cover in all of the above fundamental finance function areas in line with your business needs and at an investment that your business can afford.
Another main benefit is the comfort of being able to hand the responsibility of managing your finance function to someone else to let you concentrate on what you’re good at and growing your business.
It’s essentially a combination of a full finance team, business coach and strategic financial expert partnering up with you to help you achieve your business objectives.
Other Benefits
Removing the hassle
of bookkeeping and ensuring it's done regularly and accurately so you don't miss out on tax reliefs and all eligible VAT paid
Synchronise financial data with business objectives
to ensure you receive useful management information to help you make better decisions
Provide real-time management information
with analysis in a timely manner
Assistance with helping you obtain finance
to grow your business
Helping you build a profitable and sustainable business
by charting out a plan and measuring KPI's
Managing financial risk in your business
that may otherwise catch you unawares