At Radford Financial & Business Solutions Limited, we offer a range of services as part of our outsourced virtual offering.
Our services include (but not restricted to) the following:
Most businesses would benefit from the use of a Finance Director or senior lead for the finance function but may not be in a position to take on the full time costs of employing an FD. Employing a Virtual FD will allow access to the key services a full time placement can bring but tailored to company needs and budget. The role of the virtual FD could include managing the finance team on a part time basis, helping a start-up with finance, forecasts & business plans, working with cloud based accounts systems to produce management accounts and management information, supporting with measuring working capital & cash flows, producing board reports and also providing a sounding board for strategic decisions.
At Radford Financial & Business Solutions Limited, we believe this is where the magic happens. Management accounts are not just a set of numbers they offer so much more to support a business and the strategic decision making process. Management accounting or partnering will allow insight into various performing factors within a business, i.e. profit or margin appraisals, revenue stream reviews, costing analysis, KPIs, benchmarking etc. This commercial approach to accounting allows us to understand the mechanics of a business and help advise on areas that are working well and not so well, where focus may need to be made to improve certain ways of working and also providing a forward looking service through forecasting and highlighting of potential risks for mitigation.
One of our services is to provide a bookkeeping service so you can outsource this function and receive all the reports you require to complete your financial returns. We will record your daybook transactions and complete reconciliations to ensure all transactions have been recorded. This service is ideal for the smaller business that does not have time or facilities to record such information. This will be completed through Xero Accounting Software.