Back Office Services
Book keeping
At Chandlers we we offer a range of outsourced back office services because we know that the last thing you need when starting up a new business, or simply working hard in an existing one, is thinking about more paperwork. That’s why we do the drudgery, so you don’t have to.
The service we provide is tailored to your specific needs. Either, Chandlers can take on the full role of ensuring that your books are kept up-to-date and provide you with regular management accounts to keep you informed along the way. Or, we can provide a useful and illuminating monthly 'check-up' using the financial data you supply us with.
Either way you’ll always be ahead of the game, meeting those all important deadlines and, most importantly, be able to direct your resources more efficiently elsewhere in the business. After all, we all know that it is essential to keep checks on –
• Cashflow – many businesses got bust not because they are not profitable, but because they run out of cash..
• Profitability – you need to know how much money you are actually making in the long and short term
• Performance ratios – key numbers to help you compare one fiscal period to another
• Budget comparisons – keeping an essential reality check on the relation between projected performance and actual performance
And unfortunately, we do also know that those who fail to keep abreast of such accounting fundamentals can lead themselves into a quagmire of problems: regulatory penalties, missed tax saving opportunities and sub-optimal business performance, to name but a few. Those who do, however, thrive.
Management accounts
At Chandlers we can also control and negotiate your bank account(s). Ensuring that you have an updated and fully agreed bank position, especially if dealing with foreign currency accounts, will allow you to anticipate the account’s future performance. Determining this strong bank account position will also make sure you direct your resources to the most appropriate areas, improve cash collection and postpone the settlement of creditors, if necessary.
Yes, with Chandlers it really is that simple.