Services

Balance Finance provide a full range of services for businesses in the hospitality sector.

Our services fall into three broad practice areas: Accounting, Consulting and Outsourcing.

Accounting

With deep knowledge of the UK hospitality and restaurant sector, we can add real value through our suite of accounting services.

Typically, our clients come to us for help with tax, monthly management accounts, transactional processing, filing and compliance issues where they need specialist expertise, advice and practical support. We also assist with the preparation of annual accounts and HMRC filing.

We can help your business adopt the right technology to streamline your accounting processes and improve internal reporting.

Xero Cloud Accounting

We are an accredited Xero reseller and frequently deploy Xero as part of a suite of technology solutions for our clients.   Xero is an ideal solution for smaller businesses as it minimises paperwork whilst providing highly effective real-time reporting.

Consultancy

We provide consulting and advisory services designed to deliver improved financial management efficiency through the implementation of enhanced systems, processes and technology. We can also assist you with specific project-based tasks including budgeting, financial modelling, strategic planning and legal compliance.

Our specialist industry knowledge enables us to provide training, mentoring and support to existing in-house finance teams on compliance, auditing and tax management issues.

Outsourcing

Suitable for medium to large firms, we offer an efficient and cost-effective business process outsourcing solution – Virtual Finance Team. This service is delivered by our offshore team based in the UAE.

Our UAE based team are UK trained and operate on UK business hours.

Our Virtual Finance Team can take on specific tasks (for example invoice processing or bank reconciliations) or we can provide a fully outsourced finance function. The range of services we deliver will depend on the size of your company and the level of support required and will be tailored to your needs.

This approach is highly flexible and allows you to either (i) manage a period of business growth before committing to additional staff overheads; or (ii) benefit from the significant ongoing cost savings that typically result versus running a full in-house finance team.

The aim of our outsourcing service is to enable you to spend less time on financial management and be freed up to refocus on the frontline of your business.

Virtual Finance Team Service Packages

We offer a range of Virtual Finance Team accounting service packages, although these typically form the basis for a more tailored approach once we understand your specific business requirements.

Balance Basic

*From just £499 per month

  • Transactional Processing
  • Accounts Payables
  • Sales Processing
  • VAT Returns (MTD)
  • Monthly Management Accounts
  • Bank Reconciliations

Balance Pro

*From just £749 per month

  • Transactional Processing
  • Accounts Payables
  • Sales Processing
  • VAT Returns (MTD)
  • Monthly Management Accounts
  • Bank Reconciliations
  • Payments Management
  • Cashflow Forecast
  • Quarterly Business Review

Balance Premium

*From just £999 per month

  • Transactional Processing
  • Accounts Payables
  • Sales Processing
  • VAT Returns (MTD)
  • Monthly Management Accounts
  • Bank Reconciliations
  • Payments Management
  • Cashflow Forecast
  • Annual Budgeting
  • Real time information dashboards
  • Monthly Business Review

*The pricing for above Plans is assumed for a single site operation with an annual turnover of up to £250k. If your business has sites with higher turnover or requires bespoke services, you may be custom priced.

For more information about our services and for a no-obligation initial discussion, please call us on +44 208 1334 910 or email us at info@balancefinance.co.uk.