+ 01634 940710
CALL US: 01634 940710Outsource your finance department, and focus on what you do best.
Every business should consider outsourcing its bookkeeping finance and accounts to service. Accounting is not a core business skill for construction, contractor and trade companies, and so becoming an expert at it will be tricky. It’s hard to hire people to help you do a job that isn’t part of your expertise; how do you know if it’s going well?
Hiring an experienced and dedicated construction finance team for bookkeeping, finance, and accounting means you get good service, reporting and peace of mind.
Why hire a team instead of an extra person?
One person can’t do everything, and efficiency in accounts and bookkeeping takes lots of different skills.
Particularly in the construction industry, there is always a need for advanced and experienced supervision. We believe hiring a team like ours is the only way to get this cost-effectively. It is frequently less expensive than hiring someone, even part-time.
You get advanced skills for less money.
There is traditionally a gap between the people hired for bookkeeping and normal accountants’ services not designed to help you carry out your accounting. We are designed to give you an end-to-end service in close to real-time, not a year in arrears.
Teams make updates like clockwork
We believe that our expertise will get the job done quicker, for less expense and with a higher degree of exactness, because we have an economy of scale. Doing something every day scales better than doing it once a month; our team gets to specialise where they are strongest, whether in reconciliation, payroll, cash flow forecasting or credit control.
Things don’t drift, because there is always someone around to ask the difficult questions.
Once the basics are done, you will be better positioned to get advice. Advice is guesswork unless the accounts and finance are up to date and obligations are correctly forecasted. Our goal is to help you run the company and generate more profit.
Technology has made blended finance teams possible
Cloud-based construction accounting means that the finance departments can be anywhere. Now, whether in the next room or in a different part of the country, it makes no difference.
Company and country borders are irrelevant to the ability of a team to do a great job of accounting. Now you can extend the skills you already have in-house and scale.
You will have a built in backup, a consistent team regardless of personnel changes. Holidays and extended absences are easier to cope with, that consistency and lack of disruption is an unexpected benefit of working with a team.
Why not try our Virtual Finance Function?
We make it easy to try our service on for size.
You will suddenly have a whole additional team at your fingertips. We know what we are doing in construction and the trades. Imagine having access to immediate expertise in all the finance function roles, as needed, with expert-level finance supervision. All this is at less than the cost of employing someone.
That’s what dedicated expertise and economy of scale in the construction industry look like.
Our team is your team
When you are up to date, the accounts help you. Then whenever you need them, one of our expert-level Construction Finance Directors has all the bang-up-to-date figures to help spot issues and make quick decisions. A team on your side means peace of mind.
Here is what we can do for you…
Here’s what we can do for you
Accounting Software
Use state-of-the-art accounting software Xero to manage your finances in one place. Unfortunately, many construction business owners are still trying to manage their finances cheaply either by using an invoice-only platform, using Excel or even paper notes. Truth be told, you cannot manage your finances unless all components of the business are managed under one umbrella.
Company Secretarial
Keeping in line with the Companies Act can be a lot of tasks that reoccur every year. Our company secretarial services are a cost-effective solution to cover your company’s secretarial requirements. We will maintain your registers electronically, updating Shareholders’ Records, Control Office Records, Statutory Registers and Managing Company Details.
Management Accounts
Our Management Accounts is an in-depth analysis of your current position to provide a clear & comprehensive report to show your progress against the plan and adjust the targets to ensure you remain on track to achieve your results.
This will give you a clear understanding of where you are and allow you to see what needs to happen.
Business Plans
Create better tax planning opportunities, invest money wisely and make your money work hard for you. Accurox will help you focus ON your business, not IN your business. Together we will review your past performance and clarify your future direction. We will set realistic 12-month & 90-day goals to define strategies for achievement. We’ll create a Business Plan that will act as a guide map to ensure you are on course for success!
Financial Accounts/Tax Return
With our virtual finance function doing yearly accounting and tax returns will be a thing of the past. You can review your accounts monthly or quarterly. Know your tax liability, take time for appropriate tax planning, and take steps to mitigate any tax bills.
Payment Run
A payment-run service is where we manage all your outgoing payments (suppliers, employees etc.) through the business. We use secure third-party software where we would pre-arrange the outgoing payments, so all you need to do is approve the payment run, and we will handle the rest.
VAT Returns
As easy as it looks, having an expert review your vat returns before submissions give you peace of mind. Also, we can advise on things like application-to-payments, payment on accounts, invoice accounting, cash accounting, etc.
Credit Control
Struggling to keep on top of who owes you what and when? We can either act under your name or show that you are working with a third party to chase any overdue balances that may occur.
Registered Office Address
Keeping your address off HMRC records and for the public to view, plus any HMRC correspondence we can handle on your behalf.
Tax Investigation Insurance
You cannot prevent HMRC from raising an investigation. However, you can prepare for one with our HMRC defence package with up to £100,000 of our fees covered.
Get in Touch – We’d Love to Help
Get In Touch
"*" indicates required fields