Management Accounts

Management Accounts Service

Management Accounts Outsourcing for Recruitment Agencies in the UK

Reliable, precise financial information acquired through management or cost accounting reports drives business planning, decision-making processes, performance measurement, and contributes to business growth. These reports must be crisp and unambiguous, customised as per the business operation and scale. However, creating and managing these reports is a labour-intensive task, and takes much time and effort of your overloaded in-house team away from your bottom-line functions.

One of the solutions you can take to ensure quality management reports is to partner up with an expert proficient in managing middle and back-office tasks of recruitment agencies in the UK. Partner up with QX Global Group offshore team to outsource your management accounting and reporting processes and ease the burden of your in-house team. Outsourcing your back-office activities also gives your business an added edge in this competitive landscape with enhanced scalability, agility, and flexibility.

Why QX:

Our outsourced management accounting and reporting services focus on delivering transparent and easy-to-understand financial information across a wide range of management roles. Our service delivery capability is flexible and specialises in providing bespoke finance and statistical reports in sync with your business requirement and specifications. These reports contain actionable insights and inputs that allow our clients and accountants to identify and gauge potential business opportunities and risks, help with decision-making, and shape your recruitment agency’s business strategy.

Our management accounts outsourcing services include:

Sales journals for contractors and Perm sales including billed and unbilled items
Contractors Payroll journals including paid and unpaid timesheets and statutory ledger heads
Monthly GP reconciliation (Sales vs COS) for Contract sales and Perm sales and their reporting - Consultant wise, Client wise and Contractor wise
Consultant’s commission working
Intercompany reconciliation
Preparing Monthly Management Accounts (P & L, Balance Sheet, Cash flow statement)
Preparing Board Packs with commentaries and Pay-Out ratio report
Updating board packs for Monthly, Quarterly and Annual Budget and ratio analysis
Balance-sheet reconciliation
Reconciliations of Staff and contractors’ wages control accounts
Group Balance sheet, and Group MIS reporting (Capital expenditure, Non-Recurring expenses, Group GP reporting
Weekly revenue report for the forecast

Seeking Management Accounting support for your Recruitment Agency?

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