Outgrown your accountant?
Year-end accounts look back. A growing business needs to look ahead.
A good accountant does an important job: accounts and tax, done right and on time. When the business was smaller, that was enough.
Now you're making bigger decisions about hiring, pricing and investment, and you need to know how the business is doing this month, not last year. The question is whether your business now needs more than year-end compliance.
Signs you've outgrown basic accounting
01
You see your numbers months after the period ends, if at all
02
You're profitable on paper but cash is often tight
03
You can't say which clients, products or projects make money
04
Finance information is split between you, a bookkeeper, an accountant and spreadsheets
05
Big decisions run on gut feel because the numbers either aren't ready or there isn't anyone to do them
Not there yet?
If none of these signs sound familiar, you probably don't need us yet. Your current accountant, or our Compliance Pro service, may be all you need for now. We would rather tell you that on a call than sell you something you don't need.
What changes with a Virtual Finance Department
You get monthly management accounts you trust, a cash forecast to see what is coming, and a finance team that explains the numbers and helps you act on them. We take on the whole finance function, compliance included, so nothing falls between two firms.
If you're not ready for monthly reporting, VFD Core gives you the same team with quarterly reviews. Read more about our Virtual Finance Department.
What switching involves
01
We manage the handover. We contact your current accountant for the information we need, so you don't have to chase anyone.
02
We move your systems. If you're changing software, we plan the migration and work with you to establish what the business needs moving forwards.
03
We get you up to date. Once the books are current, your monthly reporting starts and you have one team for everything.
We recently moved to Bright Beany, the team have been amazing and the best business decision we have ever made. Constantly having a clear sight of your numbers is essential and allows us to push and grow the business knowing this is taken care of. I 100% would recommend to anyone wanting a proactive team supporting them and their business.
Olivia | Director of OCS Financial Planning Limited
Download the guide
The Business Owner's Guide to a Virtual Finance Department explains what a finance department does and how to tell whether your business needs one.
Let's talk about where your business is heading
Book a 30-minute call. We'll ask about your plans, tell you honestly whether we're the right fit, and explain what working together would look like.