Why UK businesses should opt for accounting outsourcing
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Why UK businesses should opt for accounting outsourcing

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This presentation explains the problems faced by the accounting firms in the UK and the solution for the problems.

This presentation explains the problems faced by the accounting firms in the UK and the solution for the problems.

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  • 1. BUSINESSES IN UKWhy now is the “right” time foraccounting outsourcing?
  • 2. What are the problemsfaced by businesses in UK?Difficulty in hiring good accounting staffHigh accountancy costsHassle of accounting deadlinesManagement reports not on timeNot having enough time to focus on business growth
  • 3. WHAT IS YOURSOLUTION?Accounting outsourcing
  • 4. HOW DOESOUTSOURCING WORK?
  • 5. How outsourcing works?Work is done from India and reviewed from UKMost work gets done from India (to keep costs low)Compliance and review work done from UK
  • 6. Who are we?Local UK outsourcing company with offices in IndiaServe clients from UK, USA, Canada, Australia andIreland200+ staffStarted in 2004Offices in USA, India, SriLanka and Philippines
  • 7. How does India team work?Remote connection to your computers to do the workOr do everything in India (and update your computersperiodically)Tasks include bookkeeping and accounts preparation
  • 8. How does UK team work?Sets up the operations and manages initial handoverLooks after HMRC complianceLooks after local regulations and deadlinesTasks include co-ordination and final reviewVisits your office periodicallyLocal contact for your peace of mind
  • 9. What benefits you get byaccounting outsourcing?You get a 50% saving of your accounting costsYou need not worry about employing accounts staffYour accounting deadlines will be managed by usYou get your management reports on timeYou get all your time to focus on your business growth
  • 10. What accounting servicesdo we offer?General accountingFinal accounts and management reportsBudget and forecastingTax preparationAccounts payable and receivableInvoice processing
  • 11. OUR SERVICES INDETAIL...
  • 12. General accountingDaily updatesBookkeepingVAT returnsBank reconciliationGeneral ledgerTrial balance
  • 13. Final accounts andmanagement reportsYear end accounts preparationCash flow statementsBalance sheetProfit and loss statementsOther custom reports
  • 14. Budget and forecastingAnalyse your budgetPrepare forecastsMake recommendations
  • 15. Tax preparationPersonal tax preparationCorporation tax preparation
  • 16. Accounts payable andreceivableSend customer invoicesEnter cash flow informationApproval routingManage discrepancies
  • 17. Invoice processingData entry of suppler invoicesMatch invoices and P/OMatch invoicesP/O and shipping receipts
  • 18. What is our software expertise?SageIrisQuickbooksVT accountsDigitaXeroMamutMYOBHansaOracleSAPFree agentFusion accountsCFP winman etc.,
  • 19. How much does it cost?India teamBookkeeper: From £5.95 per hourAccountant: From £7.50 per hourUK teamBookkeeper: From £20 per hourAccountant: From £30 per hourFixed priceYou also get fixed price optionTypically you would see a 50% savings
  • 20. How about data protection?We are a UK limited companyWe are registered for data protection (z3331950)128 bit security encryption for files transferCCTV monitors in the office work floorNon-disclosure agreements with all the staff membersHigh security data servers at centers in USAAbsolute data confidentiality and 100% peace of mindguaranteed for you
  • 21. Whom do we work with?We work with companiesof several sizesFrom start-ups to largecompaniesAll across the UK
  • 22. Why should you try us?We have helped several businesses like youWe have helped them cut accounting costs by 50%We are flexible and will work in a way that suits you
  • 23. Some of our clients
  • 24. What next?Contact us to get a quotePhone: 020 7993 2949Email: adam.smith@globalintegra.net
  • 25. INTEGRAOUTSOURCINGAccounting outsourcing made easy