The VFC Case Files!

It’s easy for us to say that all businesses should have a Financial Controller. It’s even easier to say we have a Virtual Financial Controller (VFC) offering to ensure businesses irrespective of size can have access to top notch financial expertise. But, it is not so easy to understand the real-life impact until you see the potential benefits for your business for yourself. That’s why we have got our VFC’s together to present a few of what we’re calling our VFC Case Files on how this service has transformed real-life businesses today.

VFC Case File 1: Streamlining Payments and Reconciliations

A client, with a monthly fee of £2,200 plus VAT, needed help with:

• Bank Reconciliations: Managing three bank accounts with manual imports and reconciliations.
• Payment Runs: Weekly supplier payments, monthly payroll, and ad-hoc payments.
• Monthly Management Accounts: Revenue reconciliation, bespoke commission reconciliation, prepayments, accruals, and trade creditor reviews.

Our support ensured efficient financial management, freeing up the client’s time to focus on growth.

VFC Case File 2: Comprehensive Financial Management

For a client with a fee of £4,250 plus VAT per month, we provided:

• Bank Reconciliations: Manual reconciliations for multiple accounts.
• Payroll Management: Processing payroll, setting up PAYE payments, and liaising with directors.
• Supplier Payment Runs: Monthly processing of supplier payments.
• Management Accounts Preparation: Updating spreadsheets, analysing margins, and preparing cash flow forecasts.

Our comprehensive service ensured accurate financial reporting and efficient operations.

VFC Case File 3: Regular Bookkeeping and Management Accounts

A client, with a fee of £2,650 plus VAT per month, required:

• Bookkeeping: Three mornings per week, charged at £45 per hour.
• Monthly Management Accounts: Preparation and review.
• VAT Return Filing: Quarterly preparation and filing.

Our regular bookkeeping and management accounts service provided the client with accurate financial information, ensuring compliance and informed decision-making.

VFCs – The Path to Streamlined Success

So, there we have it! A snapshot overview of some real-life VFC Case Files showcasing the diverse ways this service offering can benefit businesses. From streamlining daily operations to providing comprehensive financial management, our VFC service can transform your business from day one. So, please do contact our illustrious VFC team to discuss how we can help your business thrive too! We can’t wait to be partners in your success!