Scope of Finance and Accounting
Services for Business

Are you looking for comprehensive Finance and Accounting Services for your business?

Consultants collaborating in a modern office environment

Initor Global Services provides the full range of finance and accounting services your business needs. We pride ourselves on finding the right solution for your business regardless of size or stage of life. Please speak to one of our experts for a tailored quote to meet your needs. The scope of our more popular services is shown below.

 

Accounts Payable Services UK

We provide the full range of accounts payable services UK businesses need, including:

  • Creating Folders and Subfolders for easy access to Invoices
  • Receiving Invoices directly from Suppliers
  • Downloading Invoices from Suppliers’ Portal
  • Saving Invoices digitally
  • Posting of Invoices to Accounting Software
  • Posting of Staff Expense Claims to Accounting Software
  • Preparing Payment Runs
  • Obtaining Approval for Payment Runs
  • Uploading Approved Payments to Bankline
  • Posting of Payments to Supplier Ledgers and allocation of payments
  • Sending Remittance Advice to Suppliers
  • Resolving Debit and aged balances in Supplier Ledgers
  • Resolving Disputes with Suppliers
  • Following up with Suppliers for Missing Invoices
  • Running Aged Creditors Report
 

Accounts Receivable Management London

Our accounts receivable management London services include:

  • Creating Folders and Subfolders for easy access to Invoices
  • Preparing and Issuing Sales Invoices to Customers
  • Saving Invoices digitally
  • Posting of Invoices to Accounting Software
  • Posting of Receipts to Customer Ledgers and allocation of receipts
  • Receiving and Filing Remittance Advice
  • Following up with Customers for Remittance Advice
  • Running Aged Debtors Report
  • Resolving Credit and aged balances in Customer Ledgers
 

Budget Management and Forecasting Solutions UK

Our budget management and forecasting solutions UK include:

  • Preparation of annual budgets and forecasts
  • Preparation of periodic monitoring information for senior management (including non- accountants if needed)
 

Credit Control Services London

Our credit control services London include:

  • Confirming with customers receipt of Invoices
  • Contacting customers for expected date of payment
  • Resolving disputes with the help of Sales Team
  • Preparing a report on historic debtors
  • Reviewing credit terms for all customers
  • Conducting credit checks for new customers
 

Digital Bookkeeping Solutions UK

Our bookkeepers have experience with all major cloud-based accounting software, which we access from our own secure servers. If you prefer, we can access your business server using secure remote login arrangements. You can trust our highly experienced bookkeepers to provide the following digital bookkeeping solutions UK based on your needs:

  • Update accounting software for all bank, credit card, and cash transactions
  • Quickly and accurately update accounting software based on Bankfeed, CSV, or PDF bank and credit card statements provided by your clients
  • VAT return preparation
  • Monthly bookkeeping service enables submission of quarterly VAT Returns to HMRC, so deadlines aren’t missed
  • Bank account and credit card account reconciliation
  • Performing monthly reconciliations and liaising with your clients to resolve any matters arising
  • Contracted turnaround times with services completed within five working days or quicker if necessary
 

Fixed Asset Register Management London

We maintain your fixed asset register management London by:

  • Maintaining records for each class of asset
  • Calculating depreciation for each asset on a monthly basis
  • Updating register for addition/deletion of assets
  • Calculating gain or loss on disposal for each asset
 

Management Accounts Preparation UK

Our management accountants will support your business with management accounts preparation UK including:

  • Preparation of monthly management accounts, including profit & loss, balance sheet, cash flow statement
  • Periodic accounts closedown reports
  • Variance analysis
  • Preparation of management information reports and dashboards
  • Review of key performance indicators
 

Payroll Processing and Management UK

Our payroll team has experience with all major cloud-based payroll software, which we access from our own secure servers. If you prefer, we can access your practice server using secure remote login arrangements. You can trust our team of qualified professionals to provide payroll processing and management UK based on your needs:

  • Monthly or weekly payslips
  • Payroll reports
  • Setting up PAYE scheme with HMRC
  • PAYE and National Insurance calculations
  • Real Time Information (RTI) submission to HMRC
  • Pension reporting
  • Year-end Form P60 and PIID reports and HMRC submission
  • Issuing Form P45 to leavers
  • Downloading and updating Form P6, Form P9 notices
  • Statutory payments
  • Setting up payroll for new companies
  • Enrolling new employees
  • Submission of information to pension providers
  • Creating government gateways
  • CIS deductions and reporting
 

Purchasing and Procurement Services London

We maintain your purchasing and procurement services London by:

  • Comparing invoices with PO for quality and rates
  • Managing approval of PO and invoices
 

Managing approval of PO and invoices

You can trust our team of qualified professionals to provide the following company secretarial services:

  • Company Formations: Advice on the type of corporate structure your business needs, assistance with setting up and forming new companies, including director and company secretary appointments, allocation of shares, and share capital. We provide all statutory documentation to support the Articles of Association.
  • Maintenance of Statutory Records: Annual compliance service, preparation and filing of the company annual return, updating the Persons of Significant Control register, preparation and review of share transfers, and reminders for statutory deadlines.
  • Company Liquidation: Expert advice for Members Voluntary Liquidation (MVL) or creditor liquidation, full support to streamline the liquidation process, notifying creditors, payment of creditors, share transfers, and more.
  • Share Capital: Managing changes to share capital, such as share transfers, creation of new shares, and employee shares.
 

Statutory Accounts and Audit Services London

Our statutory accounts and audit services London will be tailored to your specific requirements. We can liaise with your external auditors on working paper requirements if needed. Our services include:

  • Providing data to statutory accountants/auditors
  • Resolving queries from accountants and auditors
  • Posting adjustments in accounting software to match balances with the final version of accounts
  • Year-end process to close all income and expense accounts
 

Treasury Management Solutions UK

Our treasury management solutions UK include:

  • Uploading supplier payments
  • Uploading contractor payments
  • Uploading staff claims
  • Posting of bank transactions
  • Preparing bank reconciliations
  • Posting of petty cash transactions
  • Posting of credit card transactions
  • Sending a daily report on cash and bank balances to management
 

Trial Balance Preparation Services London

We prepare periodic and year-end trial balance preparation services London for your review, including:

  • Schedule of accruals
  • Schedule of prepayments
  • Schedule of deferred revenues
  • Schedule of accrued income
  • Schedule of directors’ loan accounts
  • Aged debtors
  • Aged creditors
  • Other debtors
  • Other creditors
  • VAT control account
  • PAYE/NI account
  • Net pay account
 

Balance Sheet Preparation Services UK

We offer comprehensive balance sheet preparation services UK to ensure your financial records are accurate and up to date.

 

Financial Reporting and Analysis London

Our team provides detailed financial reporting and analysis London, helping you make informed business decisions.

 

VAT Return Preparation and Filing UK

Our VAT services include advice on the appropriate VAT scheme for your business, VAT registration, monthly bookkeeping to support VAT return preparation, quarterly VAT returns, and filing with HMRC using MTD compatible software. We ensure compliance with all relevant regulations for VAT return preparation and filing UK.

 

Tax Planning and Compliance Services London

Our accountants and tax specialists offer tax planning and compliance services London to ensure your business meets all regulatory requirements and maximizes tax efficiency.

 

Cash Flow Forecasting and Management London

Our services include cash flow forecasting and management London, providing you with insights to manage your finances effectively.

 

Internal Control System Implementation UK

We assist businesses with internal control system implementation UK, ensuring robust financial management practices.

 

Financial Risk Management Solutions London

Our experts provide financial risk management solutions London to help your business navigate uncertainties and mitigate risks.

Ready to elevate your Accountancy Practice with high-quality, cost-effective bookkeeping services?

Arrange a free consultation and a no-obligation trial with our expert team today.

Contact us at hello@initor-global.co.uk or call 0203 519 2121

Get in Touch

Frequently
Asked Questions

Everything you need to know about the product and billing.

What types of businesses can benefit from Initor Global’s finance and accounting services?

We cater to all types of businesses, including Start-Ups, Owner Managed Businesses, SMEs, and PLCs, providing tailored finance and accounting solutions to meet diverse business needs.

What are the benefits of outsourcing accounts payable services with Initor Global?

Our accounts payable services UK include invoice management, payment processing, and dispute resolution, ensuring your accounts payable processes are efficient and error-free. This allows your business to focus on core activities while we handle the detailed financial tasks.

How does Initor Global handle accounts receivable management?

Our accounts receivable management London services cover everything from preparing and issuing sales invoices to customers, posting receipts, and following up on payments to running aged debtors reports and resolving credit balances, ensuring timely and accurate accounts receivable processes.

What do budget management and forecasting solutions entail?

Our budget management and forecasting solutions UK include the preparation of annual budgets and forecasts, along with periodic monitoring information for senior management. We help you plan and manage your financial resources effectively.

How do your credit control services work?

Our credit control services London involve confirming receipt of invoices with customers, contacting them for payment dates, resolving disputes with the help of your sales team, and reviewing credit terms, ensuring you maintain healthy cash flow.

What does your digital bookkeeping service include?

Our digital bookkeeping solutions UK involve updating accounting software for all transactions, preparing VAT returns, reconciling bank and credit card accounts, and ensuring timely and accurate bookkeeping, all managed through secure cloud-based software.

How do you manage fixed asset registers?

Our fixed asset register management London services include maintaining records for each asset class, calculating depreciation monthly, updating the register for asset additions and deletions, and calculating gains or losses on disposals.

What are management accounts and why are they important?

Our management accounts preparation UK services provide monthly management accounts, including profit & loss, balance sheet, and cash flow statements, along with variance analysis and key performance indicator reviews. These reports help you make informed business decisions.

What payroll services do you offer?

Our payroll processing and management UK services include monthly or weekly payslips, PAYE and National Insurance calculations, RTI submission to HMRC, pension reporting, and year-end forms, ensuring your payroll is accurate and compliant.

How does Initor Global handle purchasing and procurement?

Our purchasing and procurement services London involve comparing invoices with purchase orders for quality and rates, managing approvals, and ensuring efficient and accurate procurement processes.

What secretarial services are provided?

We offer company formations, maintenance of statutory records, company liquidation support, and management of share capital changes as part of our company secretarial services.

What does your statutory accounts and audit service include?

Our statutory accounts and audit services London include providing data to statutory accountants/auditors, resolving queries, posting adjustments, and handling the year-end process to ensure compliance and accuracy in your financial reporting.

What are treasury management solutions?

Our treasury management solutions UK include uploading supplier payments, contractor payments, and staff claims, posting bank transactions, preparing bank reconciliations, and providing daily cash and bank balance reports to management.

How do you prepare trial balances and balance sheets?

We provide trial balance preparation services London and balance sheet preparation services UK, ensuring accurate and comprehensive financial records, including schedules of accruals, prepayments, deferred revenues, and more.

What financial reporting and analysis services are offered?

Our financial reporting and analysis London services deliver detailed reports and analysis, helping you make informed business decisions based on accurate financial data.

How do you handle VAT returns?

Our VAT return preparation and filing UK services include advising on the appropriate VAT scheme, VAT registration, monthly bookkeeping to support VAT return preparation, and filing quarterly VAT returns with HMRC using MTD-compatible software.

What tax planning and compliance services are available?

We provide comprehensive tax planning and compliance services London, ensuring your business meets all regulatory requirements and maximizes tax efficiency.

How do you manage cash flow forecasting?

Our cash flow forecasting and management London services offer insights into your financial health, helping you plan and manage your cash flow effectively.

What internal control system implementation services do you offer?

We assist with internal control system implementation UK, ensuring your business has robust financial management practices to prevent errors and fraud.

How do you help with financial risk management?

Our financial risk management solutions London help your business navigate uncertainties and mitigate risks, ensuring financial stability and growth.