Thinking of hiring in-house?
Compare a finance hire with a whole finance department
Hiring a finance manager or finance director is a natural step for a growing business. Before you do, it's worth comparing what you get for the money.
One hire gives you one person's skills and one person's availability. A Virtual Finance Department gives you a team: day-to-day finance, reporting and senior finance thinking, with cover for holidays and absence built in.
What a hire really costs
The salary is only part of the cost. Add employer's National Insurance, pension contributions, recruitment fees, software, training and management time.
One person rarely covers everything, either. A strong bookkeeper isn't a finance director, and a finance director doesn't want to spend time on reconciliations.
Our Virtual Finance Department starts from £1,500 a month, or from £2,500 a month with Fractional CFO support. See pricing.
When an in-house team makes sense
An in-house finance team often makes sense once the business can keep several finance people busy full time, or needs someone on site every day. Until then, a Virtual Finance Department gives you the skills of a full team for the cost of part of one hire. When you do get there, we can help you plan the handover.
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.