Does the Financial Controller level include the Finance Manager work?
Yes. The Financial Controller level includes all the Finance Manager work, and the finance director service includes the work of both.
How much does it cost?
A Finance Manager starts from £750 + VAT a month and a Financial Controller from £1,500 + VAT a month. The fee depends on the volume of transactions, bank accounts, invoices, payroll, the number of companies and your reporting needs, and is confirmed in writing before work starts.
Is this just outsourced bookkeeping?
Bookkeeping, payroll and VAT returns are the Finance Manager level. The Financial Controller level adds a monthly board pack, customer invoicing, supplier payments and cash monitoring.
Who approves payments?
You do. We prepare each supplier payment run and send it to you to approve, and you keep authority over your bank accounts.
How is this different from Business Pulse?
Business Pulse adds a budget, a cash flow forecast, management accounts and a regular review meeting to your accounting package, and you or your bookkeeper keep doing the day-to-day work. The finance team does the day-to-day work for you.
Which software do you use?
Xero, with apps for receipts, expenses and payments connected to it. Buzz is a Xero Gold Partner.
How long does onboarding take?
Expect a month or two before the reporting can be relied on, and longer if the records are behind. Bringing records up to date is quoted separately as a one-off.
Is outsourcing cheaper than employing someone?
Compare it with the full cost of a hire, including employer’s National Insurance, pension, software, equipment, recruitment and cover for holidays and sickness. The cost of a hire calculator works it out.
Who will I deal with?
Named people from Buzz’s accounts team, with the wider team providing cover for holidays and sickness.
