Your Virtual Finance Department
Outsource your financial mangement, bookkeeping and payroll to Abacus Jack and see an immediate reduction in costs, improved financial reporting, real time cash flow forecasts, and the peace of mind you are fully compliant with UK tax laws
What is a Virtual Finance Department?
We continually work with you on a daily, weekly or monthly cycle, depending on your needs. We learn your processes, your technology and your culture. We become your finance department, but we do so at a fraction of the cost of full time employees or a dedicated finance team. We can work onsite, offsite, or be at the end of the phone when you need us the most.
Having a permenant employee or team of employees to manage your business finances is an expensive and outdated model. Most small businesses do not need a full time finance department.
What to expect
We will discuss with you exactly what you are looking for and ensure the service is built around your requirements.
Abacus Jack founder / director Andy Thomas will be your sole point of contact, providing a consistent and personal service - essentially becoming your Virtual Finance Director.
We provide an online dashboard showing your business finances in real time.
We process every invoice coming into the business, so you know when it is due and how much
We compile and send every invoice from the business to your customers
We reconcile your business bank account
We manage your VAT and other tax obligations
We manage your Payroll and Staff Expenses. Staff have online access to their payslips, expense records, and other payroll documentation. We submit your monthly RTI reports to HMRC and end of year reports such as P11D’s.
We constantly update your cashflow forecast, providing you with an online dashboard showing base scenarios and other scenarios that you may wish to show.
how much does it cost?
For remote working and support we charge £25 per hour + VAT
For onsite working at your location we charge a minium day rate of £250 + VAT. We will also charge travel / expenses.
There is a mininium time commitment of 2 hours a week for our Virtual Finance Department service. If you require less than this, you may be better selecting our fixed fee services for Ltd Companies or Self Employed
Please Call or Email today to discuss your requirements in more detail.
We can also supply contact details of existing clients who are happy to talk to you about their experiences of working with Abacus Jack Virtual Finance Services