6 minute read
ACCOUNTANCY
Knowing your accounts inside out will show you the true strength of your business
That’s why we’ve developed our accountancy services with growth in mind to ensure your business reaches new heights.
Nikki Cairns & Shaun Pegler Client Directors
Our Promise
We make it our business to get to the heart of yours, understanding what you want to achieve so that we take the stress out of managing your accounts, improve efficiency and identify areas where you can improve your financial health.
With our accountancy services, you’ve got peace of mind that your business will remain compliant, but that’s just the start. With our help and insight you can make important strategic decisions on:
Growth and sustainability
Profit improvement and continued success
Tax planning and mitigation
Making your business work for you - We don’t just do the books. We’re here for the whole of your business journey. We make your success our priority. Our Services We work with businesses of all shapes and sizes, from start-ups to global, including sole traders, partnerships, limited companies, charities and not-for-profit organisations. By preparing the core business and management accounts, our team are central to the inner workings of your business and oversee all services we offer at Randall & Payne.
All your accountancy needs in one place:
We make sure the deadlines are met and that you are compliant
We can help set budgets and financial targets We monitor the performance of your business to help identify ways to improve your growth
We spot opportunities and liaise with our internal specialists.
In house expertise – we bring in our Management Services team for advice on transferring physical accounting records to digital methods for Making Tax Digital or to review existing accounting processes to maximise the benefit from your accounting programmes. We call upon experts from services within the wider team depending on the business need.
Officeworx Ltd have been using the services of Randall & Payne for 25 years. In this time, they have supported us with everything from our standard year-end accountancy through to business advice, consultancy, acquisitions and mergers. They have experts for every requirement and offer a wide range of services. With the team at Randall & Payne behind us, we can get on with doing what we do best – running our business.
Paul Berry
Are you getting the right information
to maximise your business?
Many businesses could be better, which is why we developed our services so that our clients can concentrate on what they do best and make the right decisions at the right time.
Jacquie Cooke Management Services Manager
Our Promise Keeping an accurate record of your finances is a key part of your business, but it’s often tedious and time-consuming, and can divert resources away from the revenue-generating aspects of your organisation.
With our expert insight we’ll save you time and we’ll help you maximise profits, minimise tax and plan for the future by providing accurate financial information.
Our comprehensive services include:
Management Accounts In the fast-paced world of business, management accounts give you the information you need to make a difference.
Using cloud accounting technology, your management accounts will provide you with accurate, real-time information, giving you the confidence to make more informed decisions and ensuring you’re fully equipped for every step in your business journey.
Forecasting Forecasting your cash flow and profits is essential and alongside identifying and accurately measuring your key performance metrics will make a huge contribution to your success.
Payroll Managing payroll and staying up to date with frequent changes to related legislation takes up valuable time and resources.
We save you all the frustration involved in operating your payroll in-house, and make sure that everything is accurate and compliant with HMRC and government regulations and deadlines.
Bookkeeping Your financial information needs to be correct and up to date so that you can make sound business decisions, but bookkeeping can be time-consuming and stressful. Our certified advisors can tailor and build the system around your requirements so that you have the most accurate information when you need it most.
It was brilliant going through the forecasts with you. You made things simple to follow and discussing the 3-4 key areas without getting bogged down in detail was really helpful. I came away with a much better understanding of the way forward and a clear idea of where we need to focus in order to beat the forecasts. Thank you so much!
Laura Roberts
Most businesses are transitioning to cloud accounting to take advantage of its many benefits
Cloud accounting packages can be tailored to suit your needs and will provide a realtime financial representation of your business.
We use numerous industry-standard online tools to make accounting more efficient. We are proud to be a Xero gold partner and support Sage Business Cloud, which are our preferred providers. Whether you already use a cloud-based system or are looking to transition to one, our certified advisors can tailor and build the system around your requirements so that you always have the most accurate information available when you need it most.
Xero gold partner At Randall & Payne we are proud to be Xero gold partners and have staff across all teams who are Xero-certified, including adviser, migration and payroll.
Using actual, up to date data from Xero linked to cloud based forecasting tools, we can monitor how your business is doing against your plan and are on hand when you need us to deal with issues as they arise, minimising disruption and maximising performance.
Make sure you are compliant and that you are embracing the technological improvements which will benefit your business – call us on 01242 776000 and talk about a demonstration or your requirements for the transition to Xero cloud accounting.
First Base Employment
choose Xero
First Base Employment needed a cloud based accounting solution and turned to us to help them make the right choice whilst taking into account their longer term strategic needs.
Tricia Hay started First Base Employment in 1997 and 23 years on they have gone from strength to strength with an increasing customer base and clients who are impressed with the quality of candidates, fast response times and the quality of service.
Following the sale of their accountants, they reviewed their requirements which is where we were invited to step in. It was apparent that the accounting function was not efficient and did not lead to timely information being available from which to make decisions.
As Xero gold partners we agreed that it would best suit their requirements. Sage 50 was converted and transferred across to provide a couple of years of history. Training was provided to allow the team to do data entry alongside the direct feed from their bank account to enable Xero to pull in the transactions. Our team provided some of the outsourced functionality, making sure postings were correct. This system now means that statements can be issued to customers directly from Xero and they can keep a better eye on the company’s debtors and, ultimately, cash flow.
ReceiptBank has since been introduced and is saving the team so much time. We will continue to support Tricia and team to ensure they are getting the most out of Xero.
Tricia commented:
“I have been extremely impressed with the smooth transition over to Xero and all of its capabilities. The assistance we received from Randall & Payne was instrumental in achieving a more joined up accounting function. They listened, understood our frustrations with our existing systems and proposed a solution. Randall & Payne have worked with my team and we to continue to streamline our processes”.
