If you are an overseas group with a small UK subsidiary or subsidiary companies around the UK, you will know that it is difficult to find the right finance & accounting outsourcing solution.
I have been in similar situations with UK groups with overseas subsidiaries too small to need their own full time finance director or accountant.
The Finance Directors on the FD register are an ideal resource to head up your finance and accounting operations in the UK. Each is experienced and knows the importance of delivering reliable financial information to tight deadlines.
This is not a full accounting outsourcing service so your UK subsidiary will still need to employ accounts staff or a bookkeeper to handle the transaction processing for accounts receivable, accounts payable and payroll. But the Finance Director can recruit the accounts team and manage the performance.
The finance and accounting outsourcing solution for the Finance Director can:
- Manage / perform the monthly reporting process for accounts and forecasts
- Prepare the annual budget and other long term forecasts.
- Manage the relationships with the UK professional advisers to make sure that the subsidiary complies with the UK tax and company legislation.
- Support the management team in the UK and help them manage for profit and tax.