Start with the questions the owner or manager needs to answer.
The guide explains the data, reports, and responsibilities to review first.
Use the guide to review existing spreadsheets, bank data, and team responsibilities.
In this guide
When an external finance team is needed
When the business needs regular reporting, financial planning, and monitoring, but the in-house team lacks time or specific expertise.
What ongoing support can include
The scope may include management reporting, a payment calendar, budgeting, variance analysis, preparation for management meetings, and coordination with accounting.
- A profit and loss statement (P&L), a cash-flow statement, and a management balance sheet.
- Monitoring of payments, receivables, and payables.
- Budgets, variance analysis, and calculations to support management decisions.
Data needed to start
Current reports and spreadsheets, bank statements, sales, expense and obligation data, the business structure, and data responsibilities. The exact list is agreed after an initial discussion.
How financial work is organised
An external finance team for recurring business needs: management and statutory accounting, tax, payments, budgeting, reporting, and financial task coordination. We agree the scope and volume of work around your company’s needs. Statutory and tax accounting is one of our areas of ongoing support.
Related services
Management accounting and reporting on profit, cash, and financial position, with results analysis for business leaders.
Treasury and budgetingWe help you see upcoming receipts and payments, plan spending, and identify cash-shortage risks early. The cash-flow calendar, budgets, and budget-to-actual analysis connect current financial work with business plans.
Internal document workflowWe help organise financial documents into one system: storage, approval, and links to tasks and accounting. Document workflows support financial work and keep document status clear.
Related materials
Frequently asked questions
What does an external finance team do?
It handles agreed recurring tasks: accounting and reporting, treasury, budgeting, and information for management decisions.
When is ongoing support suitable?
When the business needs regular finance work but a full in-house team is not yet justified, or the existing team needs additional expertise.
Does an external finance team replace an accountant?
Statutory and tax accounting is an area of ongoing support. Its scope and fees are agreed separately.
How does the work start?
With a discussion of the business need, current constraints, and available data. We then define the reports, responsibilities, data-update process, and a suitable support model.
Explore ongoing support
An external finance team for recurring business needs: management and statutory accounting, tax, payments, budgeting, reporting, and financial task coordination.