Outsourcing
Your virtual finance department
Outsourced financial administration services
Recruiting experienced finance personnel that are able to keep up to date with a rapidly changing regulatory environment, as well as all the deadlines that come with running a business, has never been such a challenge for employers. This is where we can help.
Founded on years of collective knowledge and training, our outsourcing team can take on the burden of your financial admin, instead of you relying on one or two in-house staff members. Holiday cover, sickness cover and gaps in skills and experience are no longer a problem.
Our team understand the need for responsiveness, accuracy and efficiency. You can rely on our outsourcing service to be secure and confidential too. We use a series of internal checks and controls to maintain standards and monitor the quality of our work. This gives our clients peace of mind, as well as a high level of assurance. While clients have a dedicated point of contact, our systems allow anyone in our team to pick up and help.
We produce consistently high-quality work and provide support on a wide range of services including –
- end-to-end processing
- supplier payment runs
- bank reconciliation
- foreign currency transactions
- customer invoicing
- credit control
Payroll Bureau and PAYE administration
As an authorised BACS bureau, we take care of all your supplier, wages and HMRC payments. We use apps to streamline purchase and sales ledger data entry and manage your credit control needs. Making best use of software and technology, we will track your filing and reporting deadlines making sure your returns and payments are made on time.
VAT
With experience working with clients from a wide range of sectors and industries, we deal with more complex VAT and reporting requirements such as partial exemption, special VAT schemes and group VAT returns. Our specialist staff will reconcile and validate your financial data and present you with easy-to-understand financial reports that support your decision making.
Virtual Finance Director
Our Virtual Finance Director (VFD) service is growing in popularity as more business owners benefit from the regular insight our finance experts provide, without the expense of a full-time salary. Your VFD will bring a ‘fresh set of eyes’ to your organisation and will ensure you have the right financial data and management information to track your performance, identify opportunities and risks, develop future plans and support good decision-making. They analyse and report on the data, drawing on their knowledge and experience to help advise on and shape your business strategies. This service is ideal for ambitious business owners aiming for next level growth. For Virtual Finance Director services in Edinburgh and the Lothians, please contact Partner Carrie Campbell at carrie@thomsoncooper.com or call 0131 226 2233.
Free initial consultation
If you would like to speak to us and find out how we can help you, please contact Elaine Cromwell at ecromwell@thomsoncooper.com or call 01383 628800. Our initial discussions with you are free.
Benefits of the Virtual Finance Director service
“My business used Thomson Cooper’s full range of SME accountancy and payroll services for the past 4 years (2019-23). This also included Carrie Campbell, Partner sitting on our board as a Non-Executive Director giving us strategic and financial insights across our business. Further, Thomson Cooper was outstanding during the due diligence and share purchase negotiation stages of our recent company sale to Bidding Limited. I will, in due course, be starting another consultancy business and Thomson Cooper will certainly be engaged again.”
– Andrew Morrison, Former Owner of AM Bid & Ultimate Tender Coach
Who to talk to
