Finance and accounts outsourcing

Accounts receivable, accounts payable, general ledger, and management reporting

Finance departments are constantly under pressure to reduce their costs while continuously enhancing the service they deliver to the rest of the business.

The potential to deliver those objectives within a business process outsourcing model are compelling and clearly identifiable.

Safe Outsourcing’s finance and accounting software model covers accounts receivable, accounts payable, general ledger, and management reporting, also known as management information (MI).

Main benefits of our finance and accounting solutions are:

• allowing financial personnel retained in-house to focus on high value activities
• driving down the cost of routine yet necessary processes
• measuring the efficiency and performance of the accounting functions through a clear service level agreement (SLA)

Key deliverables included:

• web based management Information reporting, providing access to all sales and transaction data via the web in real-time
• calculation of monthly construction industry scheme (CIS) submission
• monthly finance reconciliation (required by most funding providers)
• production and submission of year end returns for pay as you earn (PAYE) (P35/P14 and P60)
• management accounts
• sales ledger
• purchase ledger
• managing supplier payments
• maintaining cash book
• monthly cashflow reports
• monthly management accounts
• statutory accounts
• value added tax (VAT) returns
• bank reconciliations