There are many different outsourced accounting providers in the market – how do you decide if Alliotts is the right provider for you?
Our fundamental approach is to ensure that the accounting function is setup optimally to ensure that your operations run smoothly, minimise the time spent on all sides gathering and providing information and ultimately, reducing costs for you.
When meeting new and existing clients we achieve this by reviewing the existing systems used by you and provide both simple and significant recommendations to optimise your accounting processes. We use a wide range of software and applications to assist clients in areas ranging from cashflow forecasting to project management.
Our services are provided to each client by a named and dedicated team and from the outset, we make to clear to you the responsibilities of each team member, so that you are comfortable with who to contact with any queries. In addition, we agree deadlines with you for the regular delivery of services to ensure that you receive the management information when required.
Our fees for outsourcing services are fixed to a monthly cost (where possible) and we encourage clients to pay via Direct Debit for these services to assist with your cashflow planning and to reduce administration on both sides.
We use best in class software to deliver outsourcing services to our clients and we are constantly adopting new methods of working as new software becomes available to continue to improve our service offering to clients.
As with all of our services, the outsourcing services are partner-led, which means that your partner is able to provide useful insights on the operation of your business and suggestions for improvement, as required.
Alliotts recently assisted a sizeable established business in improving their systems and transferring from desktop to online accounting software. The client had a part time bookkeeper who was using desktop based accounting software, and on retirement of the bookkeeper the client wished to move to an outsourced basis with Alliotts, requiring bookkeeping, management reporting and purchase ledger payments.
Our outsourcing specialists met with the client several times to establish the requirements of the arrangement and recommended the use of online accounting software; invoice processing software; and employee expense software. We implemented these for the client with minimal disruption to business and provided training to the client’s staff on the new employee expense procedures. Alliotts also agreed a fortnightly payment schedule with the client and approval procedures and deadlines for the delivery of the quarterly management reports.