A Complete Finance Team, Without the Cost of Building One

An outsourced finance team is a group of finance professionals who run your day to day finance function for you, instead of you hiring in house staff. They handle the invoicing, credit control, bookkeeping, payroll and reporting that keep a business running, so you get a full finance department’s coverage without employing one. You pay a fixed monthly fee rather than salaries.

You pay a single fixed monthly fee based on the work you need, agreed upfront, rather than multiple salaries. For context, one in house finance hire such as a bookkeeper or credit controller typically earns £27,000 to £33,000 a year before employer National Insurance, pension and holiday cover. An outsourced team usually gives you broader coverage than a single hire, for less than the all in cost of employing them.

It depends on how much and how varied the work is, but for most small and growing businesses outsourcing wins on both cost and cover. A single hire gives you one person’s skills and one person’s availability, plus the salary, National Insurance, pension and management that come with them. Outsourcing gives you a whole team’s range for a fixed fee, with no gaps when someone’s off. If you genuinely need a full time person in your office every day, hire. If you just need the work done well and reliably, outsourcing usually makes more sense.

Anything in your day to day finance function. That typically includes raising invoices, chasing payments, paying suppliers, bookkeeping, running payroll, reconciling accounts and producing regular financial reports. We agree exactly what we handle and what, if anything, stays with you, so there’s never any confusion over who does what.

Yes. You’re not calling a faceless call centre. You get a named senior contact who knows your business and oversees the work, backed by the wider team so there’s always cover. It feels like having your own finance department, just without them sitting on your payroll.

A bookkeeper is one person doing one part of the job. An outsourced finance team gives you the full range: bookkeeping, credit control, payroll, reporting and senior oversight, with no single point of failure. If your bookkeeper is off sick or leaves, you’re stuck. With a team behind you, the work carries on regardless.

Yes, and it’s one of the most common reasons businesses call us. When a bookkeeper or finance manager leaves, the work doesn’t stop, and the gap can get messy fast. We can step in to keep invoicing, payroll and reporting running while you decide what you want longer term, so nothing falls behind and you’re not left scrambling.

They do different jobs and work well together. An outsourced finance team runs the day to day finance function, the processing, chasing and reporting. A virtual finance director sits above that, using the numbers to guide strategy, cash flow and big decisions. Think of the team as the hands and the FD as the head. Many clients use both.

Yes. We work with the main cloud accounting systems, and we’ll usually recommend Xero if you’re starting fresh, since it gives you real time visibility. If you already use another system, we’re happy to work within it rather than force a change you don’t need.