About Key Accounting & Finance
Key FD
Recruiting a Finance Director as an SME can be daunting and ultimately deemed too expensive. The solution is for us to provide this service without any minimum hours requirement - just pay for exactly what you need.
Not only is this far more cost effective but we bring a wealth of experience in this role across various industries. Our core financial strengths ensure we optimise your financial performance, coupled with a strong commercial and strategic focus.
We pride ourselves in delivering results as a driven but down to earth Finance Director
Key Financial Reporting
We produce robust and easy to understand management information key to understanding your businesses financial performance.
Most commonly this is our monthly or quarterly management accounts production service but also includes ad-hoc sales reports, debtors and creditors reviews and highlighting areas of immediate concern.
We have a unique approach of not just highlighting any issues but working closely with you to provide solutions
Key Cashflow Management
This is the service we provide which makes the most immediate and meaningful difference no matter the business size or financial position.
'Cash is King' has never been so true and our clear and concise cashflow forecasts have been revolutionary for business owners not able to see the wood for the trees.
We have a strong track record of negotiating extended terms from suppliers and HMRC TTP arrangements and helping to plot a path through particularly lean times.
Key Budgeting
Preparing a budget for the upcoming financial year is an often overlooked task but is so important to help visualise the financial impact of your strategic plans.
By meeting with key staff to discuss projections and analysing past trends we can coordinate and implement a comprehensive budget. This can then be slotted into the financial reporting pack for monthly/quarterly variance analysis and action points.
Key Working Capital
A common working capital solution in SMEs is the use of an invoice discounting facility. Although very simple in theory, these require constant management to track the movement of cash and work within the covenants of concentration percentages, credit limits, debtor aging and reserves. If neglected, the facility can quickly become out of hand with the bank losing confidence in your financial performance.
We have over a decade of experience in cleansing previously neglected ledgers and implementing strong controls to achieve a clean audit. Having gained a reputation for managing these facilities we are now engaged by a leading high street bank to provide assistance to their clients.
Key Systems
Having spent many hours working on all the major accounting packages, such as Sage, Xero and Quickbooks, and other bespoke systems, we are well placed to help ensure you are getting the best out of what you are paying for.
We can train and support on-site staff with general day to day use and reporting or lead the implementation of new systems.