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Virtual accounts department
Our suite of accounting services can supply the entire back office function for any business. You can also choose to select our services individually or in combination to build your perfect solution according to your budget and your individual needs. Saving you time, money and giving you peace of mind that all your finances are being managed in one place by a team of experienced accountants.
How does it work?
Our clients tell us that having a single monthly manageable cost makes running their business easier. That’s why we offer a fixed monthly fee to cover all our services. These include:
- Recording daily transactions in a centralised accounting package
- Raising sales invoices promptly (helping with cashflow)
- Chasing invoice payments (critical, but time-consuming to any business)
- Arranging supplier payments
- Operating and managing all relevant financial controls
- Preparing and filing VAT returns
- Managing and running payroll (monthly or weekly)
- Preparing monthly management accounts, according to your business requirements
- Reporting, such as weekly or monthly sales or debtor reports.
Dedicated client accountant
We provide you with a dedicated client accountant to support all of your accounting and financial management requirements, ensuring our Virtual Services are tailored to your business.
Easy and cost effective
We realise that financial management and accounting can be a minefield for businesses, so we make it easy and cost effective for you. You’ll never need to worry about missing a VAT deadline, or the complexities of running payroll. You can be fully aware of your financial position in real time in terms of cashflow, supplier and debtor payments, and we can help you understand the financials behind your business, without using any confusing jargon.
If you’re looking to grow your business, BM2020 gives you the tools needed to make more informed decisions about your direction, helping you achieve your business aspirations.
Our virtual accounts service reduces financial management costs by nearly 50%
The financial need
Our client, a small firm of corporate finance advisers were looking to improve the way in which they managed their financial department, whilst reducing costs.
How we helped
Our virtual accounts service looked at the business requirements and realised that the cost of the employees within the finance function were out of proportion to the business needs and were able to offer a full-service virtual accounts department at a fraction of the cost.
The client now relies on BM2020 to manage their bookkeeping, payroll and monthly management accounts as well as other elements of the finance function, offering a single point of contact and a consistent and reliable approach.
To find out more about how we’ve helped a broad range of businesses click here