By 2020, the UK’s biggest service industries in terms of the number of businesses was the professional, scientific and technical sector – accounting for 15% of the UK’s businesses
Professional Services
Outsourcing finance to help drive business growth
Whether you run an agency, large consulting firm or something in between, staying on top of your business’s finances is key to its success. Virgate’s team of experts partner with businesses like these across the UK, working to drive business growth and maximise company profits. We strive to develop honest, open and long lasting relationships with our partners to manage your finances effectively, whilst allowing them to focus on their overall business strategy knowing that their business is in safe hands.
Our service include:
Management Accounts
- Live dashboards for GMs
- Monthly Management Accounts Pack
- Weekly balance sheet reconciliations
- Cashflow forecasting
- Performance forecasting
- Annual budget setting
Bookkeeping
- Processing Sales data
- Processing Purchase Invoices
- Processing Staff Expenses
- Dealing with all supplier correspondence
- Daily reconciliation of bank accounts and credit cards
- Ensuring all invoices are approved by the relevant people
- Monthly Payment runs
Payroll
- Deputy set up
- Routine payroll processing & submission to HMRC
- Process starters & leavers
- Payslips created and emailed to staff
- Pension management
- PAYE payment to HMRC each month
- Preparation & filing of P11D returns
Compliance
- VAT returns produced, filed and paid to HMRC
- Annual accounts prepared & filed with Companies House
- Corporation Tax returns prepared, filed & paid to HMRC
- Companies House Confirmation Statement filed each year
- Changes in shareholdings submitted to Companies House
Virgate
Here is a snapshot of the service we provide
With around the clock calculations, we are proactive in every sense, going that extra mile for maximum monetary results. It is not a one-size fits all solution that we adapt, our determined team present a bespoke package that will benefit your business.
Free software goodies included:
Daily
Invoice processing
Liaising with your suppliers
Reconciling bank accounts
Handling POs and invoice approvals
Weekly
Payments to suppliers
Payroll
Cash and card income reconciliations
Balance sheet reconciliations
Monthly
Payments to suppliers
Staff expenses reimbursement
Management accounts pack
Payroll and pension processing, payslip creation and payments
Quarterly
Cashflow forecasting
VAT returns produced and filed with HMRC
High-level business review (including detailed cost review)
Yearly
Budget setting
Annual statuary accounts
Filing of Confirmation Statement with Companies House
Corporation Tax returns
Audit pack for year-end accounts
How it works:
Accept Proposal
Data Handover
Meet your team
Plug in complete!
Virgate
Case Studies
Get in touch with Virgate Accounts. Email hello@virgate.co.uk or call 01452 226111 with your questions and queries.