Financial Management (FM) Services
If you want someone who can help you make better-informed decisions, drive efficiency and increase responsibility and oversight of your finance function but are not quite ready to recruit a full-time finance director or financial controller, bostockwhite can fill the gap. We can give you access to a complete monitoring and support service which draws on our team's considerable experience.
Our FM service is designed to complement your existing structure and typically includes:
- Overseeing production of accurate monthly management accounts
- Establishing KPI's and reporting to management
- Preparation of detailed budgets, enabling comparison to actual results to drive decision making
- Advising on cashflow management and assistance in seeking new finance
- Managing relationships with banks
- Attendance at board or management meetings as required
However, this only represents a 'typical' case. In reality, our FM service is tailored to your needs. For example, we act for several clients providing a significant part of the financial management function for UK subsidiaries of foreign companies. This often entails bespoke reports and timely reporting for intercompany and consolidation purposes with tight monthly deadlines.
Are you thinking of changing your business from a soletrader to a limited company? Many businesses start life as a soletrader by default, but when the business grows you might start to ask yourself if this is still the most efficient structure.
bostockwhite have guided many clients through the incorporation process, keeping you informed and guiding you every step of the way. Our tax expertise guarantees you receive all the tax reliefs available to you and the most efficient tax planning strategy to suit your needs.
If you are spending too much time writing up books, typing invoices and chasing debts we help to take control by computerising your accounts system. We can help you to make the best use of IT resource to produce financial information that is accurate and appropriate for running your business effectively. With the correct accounting software you will save hours of hard work leaving you more time to deal with the more important areas of the business.
We can help you select the most appropriate software for your business needs and assist with the initial setup to get you up and running. We can recommend processes and controls to streamline your record-keeping and maximise the potential of the software used.