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Professional Services


Whether your multisite business or a single site business in the professional services sector, you could benefit by outsourcing your finances to Virgate

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
Book a discovery call
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

1

Data Handover

2

Meet your team

3

Plug in complete!

4

Virgate

Case Studies