How we can help your business
It is a requirement of HMRC and Companies House to produce Statutory Accounts. Often this information is produced by external accountants on a historical basis and whilst a business necessity, it provides little useful timely information to the day to day running of a business.
Barking Finance Ltd can provide commercial accounting solutions with real time information to aid decision making and help drive a business forward:
- Get control of the companies that owe you money (debtors)
- Keep on top of companies you owe money to, to preserve and develop credit ratings (creditors)
- Manage cash-flow – know exactly the cash position of the business with simple tools you can use yourself to forecast cash forward on a daily, weekly basis
- Development of business plans and forecasts, with integrated profit & loss, balance sheets and cash-flows for measurement of business performance
- Presentations to Banks and other Finance Providers (Sales invoice finance) of Business Plans and forecasts to help raise required funding
Barking Finance Ltd offer spreadsheet design and development to provide user-friendly tools to help make running the business more efficient and automated:
- Commission calculators
- Electronic timesheets
- VOSA Management, forecasts and manage dates for vehicle checks
- Consolidation of multiple bank accounts to forecast cash-flows
We offer payroll services with fully integrated RTI reporting to meet HMRC’s reporting requirements and of course annual HMRC reporting: statutory accounts and annual Companies House returns.
Services can be provided with enough flexibility to suit the size of the business and its requirements from:
- One – two days per week providing a full accounts function (invoicing, credit control, management accounts)
- One day per month to produce full management accounts for reporting results (often a requirement of finance providers)
- Outsourced payroll functions
- Specific one-off projects to build financial models as required (cash-flow, budgets, integration with Sage / Excel for business reporting)