Call us today at 020 7096 0662 or Email us at mail@sksbusinessservices.com

FINANCE & ACCOUNTING BPO (Business Process Outsourcing)
 
Cost reduction pressures, increasing regulatory compliance requirements and demands for a closer alignment to the business are driving organisations towards new finance and accounting operating models. Today’s finance leaders are faced with needing to achieve this as soon as possible. By bringing end-to-end value to the overall organisation with a process-driven Finance and Accounting operation, volatile and uncertain market challenges can then be addressed.
 
SKS Business Services is an accounting Business Processing Outsourcing (BPO) company, with offices in London, Hampshire, Surrey, Kent, Berkshire and India.
 
Our management team and accountants boast extensive expertise in the accounting, outsourcing and business-change fields – from SMEs to listed companies with market caps over $350m. 
 
Saving you time and money 
We'll take away the burden of your accounting function and improve on current turnaround times, giving you far quicker access to valuable management data - and at a lower cost. By cutting costs and improving efficiencies, you're left to focus on what really matters - your business. 
 
Partnering to fit in with you 
We recognise that how you manage the financial and other aspects of your business is of paramount importance and will partner with you in a way that brings the best from it. We're here to help you succeed, both in the short and the long term, and pride ourselves on transparency and a 'no surprises' approach that leads to the many ongoing long-term relationships that we have with clients.
 
Services provided:
 
Weekly Bookkeeping:
  • Purchase and expense postings
  • Sales invoices postings
  • Bank transactions postings
  • Asset purchase postings, divestments etc postings
    • Reconciliations:
    • Bank
    • Sales ledger
    • Purchase ledger
    • Loan
    • Intercompany
  • Quarterly VAT returns where required

Monthly Management Accounts:

  • Management accounts which includes review of nominal ledger i.e. go through each expense head like telephone and investigate anomalies
    (Most of these will be captured at the time of booking the purchase/expense invoices)
  • Financial and non-financial analysis
  • KPIs as per your requirements which includes Gross profit margin analysis by product, by market (Wholesale versus retail), by department , by project ( especially in construction sector)

Year-end returns:

  • Annual Accounts of the limited company
  • Personal tax returns of directors
  • Corporation tax
  • Help to establish business plan

Cash Process

  • Accounts Receivable
  • Billing and Cash Application
  • Order Management
  • Credit Control

 Collections

  • Invoice Adjustment
  • Dispute Resolution
  • Claims Management

Accounts Payable

  • Expense Reports
  • Payment Processing

Supply Chain Finance

  • Product Costing
  • Inventory Accounting
  • Manufacturing Accounting

Record to Report

  • General Accounting
  • Fixed Assets Accounting
  • Tax and Regulatory Reporting
  • Cost Accounting
  • Inter-company Accounting
  • Reporting and Consolidation

Corporate Functions

  • Treasury
  • Cash Management and Cash Flow Forecasting
  • Financial Planning and Analysis
  • Capital Budgeting
    • Revenue and Expense Budgeting
    • Quarterly / Annual Forecast
    • Ratio Analysis
    • Variance Analysis
    • Competitor Analysis
    • Market Analysis

Financial Modeling

  • Management Accounting