About the Finance Department

A finance department will have a number of functions, such as;

• Management Accountant
• Producing monthly management reports to support running the business
• Book-keeping
• Processing all transactions, purchase invoices, bank statements
• Purchase Ledger
• Processing all purchase invoices, and reconciling supplier statements
• Sales Ledger/Credit Control
• Chasing all outstanding debts
• Payroll
• Processing weekly, bi-weekly or monthly payments to employees of the business
• Treasury
• Managing the cash within a business.

The cost of running a Finance Team for an SME can be high, having to employee individuals who have different strengths and skills, and then manage each employee. Therefore outsourcing your Finance Department may be more cost effective.

GMS Accountants can help with a outsourced finance department, managing the different functions for you. We will act as your credit control, chasing in money, process all purchase invoices and at the end of an accounting period provide you with the management accounts to help you run your business.

Contact us

Email graham.wesson@gms-accountants.co.uk or call 07739828423 to discuss what you need from an outsourced finance department.

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