Frequently asked questions

Let us resolve any queries you have about what we do here at The Finance People.

Fractional CFO & Finance Expert FAQs

  • No, our flexible finances service enables you to access fractional CFOs, part-time or ad-hoc finance experts who will work with you as much or as little as needed.

    Let us know how frequently you think you will need financial support or book a consultation here, and we can discuss the kind of support you require.

  • Our services run monthly, so you are never contracted for more than a month.

  • All our flexible finance professionals are vetted and qualified for the role. You can take a look at our reviews and testimonials will help you see how successful we are at matching the right professional with your business.

    All our fractional CFOs and other finance experts at The Finance People have previous experience with The Big Four and use their first-class experience working in large corporate companies to provide expert financial guidance to SMEs.

    Our goal is to provide you with finance people who feel like a safe pair of hands to guide your business in the world of finance.

  • We don't feel this is necessary, all our fractional CFOs have experience from 'The Big Four' accounting firms, plus the same principles and techniques apply no matter your industry.

    The Finance People specialise in finding the perfect fit based on your budget, skill requirements and cultural fit with your business.

  • You will be appointed a dedicated fractional CFO/finance manager/finance controller (as discussed) who works with your business, so rest assured you won't be getting a different finance professional every week.

    We take pride in matching the finance experts to your business so that they can be by your side at each step of your journey. You will be able to build a relationship with this individual and they will become an extended part of your business.

  • Trial periods with our finance experts are not necessary. This is because our finance experts go through a thorough consultation and recruitment process prior to joining our team. Due to our thorough deep dive and selection process, we can guarantee that your expert will be the ideal fit for your business.

  • With the part-time flexible resource model, you will not have to pay any holiday, sickness, or pension costs. In instances such as sickness, accident, or maternity, The Finance People will provide cover for your appointed expert. This is because your finance professional is not officially employed by your business.

  • Our fractional CFOs and part-time finance experts can either be remote or on-site, or a blend of both. Whatever suits the needs of your business.

  • All our flexible finance experts can start straight away, meaning you can have access to top financial guidance from the following week.

    We pride ourselves on having the best fractional CFOs and other finance experts on hand, meaning we don't have a long recruitment process for your business. Once we've completed our deep dive and our selection process, your flexible finance professional can start when it suits you.

Payroll FAQs

  • Payroll outsourcing is when a specialist company like The Finance People manages your payroll, ensuring your employees receive their wages or salaries accurately each week or month, securely, and on time. Your payroll will operate seamlessly, freeing your HR, finance and admin teams from time-consuming work.

  • Our payroll experts stay current with all changes in payroll legislation, tax laws, and employer responsibilities. We ensure that your payroll complies with the latest regulations, reducing the risk of penalties and ensuring your employees are paid correctly.

  • Yes, we provide payroll outsourcing services to businesses of all sizes, from small SMEs to larger enterprises. Our flexible services are tailored to meet the specific needs of your business, regardless of its size.

  • Yes. Whether we use the existing software for your business or we introduce a new system, we provide employees with secure access to their payroll information. This allows them to view payslips, tax information, and other relevant details at their convenience.

  • Yes, we offer detailed payroll reports and analytics to help you understand payroll expenses, trends, and other important metrics. These insights can aid in financial planning and decision-making for your business.

  • Yes, we can manage complex payroll requirements, including multiple pay rates, bonuses, commissions and other variables. Our team is equipped to handle diverse payroll needs, ensuring accuracy and compliance.

  • Yes, we can assist with the onboarding process for new employees, ensuring they are correctly set up in the payroll system and that their payments are accurately processed from their start date.

  • We can process payroll according to your preferred schedule, whether it is weekly, bi-weekly, monthly, or otherwise. Our flexible approach ensures your payroll needs are met efficiently and timely.

  • When you outsource your payroll to The Finance People you will:

    • Receive a dedicated account manager who will regularly communicate with your team.

    • Benefit from automated online payroll processing.

    • Payroll taxes will be calculated and paid on time.

    • Free up employee's time to focus on other areas of the business

    • Benefit from a more cost-effective solution.

  • Our team strives for accuracy, but if any errors occur, we will promptly address and correct them. Our procedures minimise the likelihood of errors, ensuring reliable payroll processing.

Bookkeeping FAQs

  • We provide our clients with a wide range of outsourced bookkeeping services, including but not limited to accounts payable and receivable, bank reconciliation, payroll processing, financial reporting, and tax preparation.

  • At The Finance People, we pride ourselves on being connected with the best bookkeepers in the industry.

    All our bookkeepers go through our stringent checks to ensure accuracy and efficiency when managing your books.

  • We serve a wide range of industries, including, but not limited to: retail, manufacturing, corporate and technology.

    With our bookkeepers having experience across various sectors, it allows us to provide specialised services that cater to the unique needs of different businesses.

  • Our bookkeepers can work on-site, remotely, or a mixture of the two.

  • We can start managing your bookkeeping as soon as we understand your specific needs and have access to the necessary financial data. Our onboarding process is designed to be efficient, ensuring a smooth transition with minimal disruption to your business.

  • Our experienced freelance bookkeepers are able to use a wide range of accounting packages, including but not limited to Quickbooks, Xero, and Sage. We'll work with the system you prefer.

  • Our bookkeepers can provide financial reporting on a monthly, quarterly, or annual basis - whatever you feel is required for your business.

  • We prioritise the security and confidentiality of your financial data. Our systems and processes are designed to protect your information, ensuring it is handled securely and in compliance with data protection regulations. All our bookkeepers adhere to strict confidentiality agreements.

  • Yes, our bookkeeping services include tax preparation and compliance.

    Our finance experts ensure that your financial records are accurate and up-to-date, making tax filing easier and ensuring compliance with relevant tax regulations.

  • Yes, you will have full access to your financial information. We ensure that all data is securely stored and easily accessible to you whenever needed. Our team can provide regular updates and reports based on your preferences.

Management Accounts FAQs

  • We offer a comprehensive range of management accounts services tailored to meet the needs of your business. Our services include:

    • Preparation of detailed profit and loss accounts

    • Balance sheets and other financial statements

    • Monthly, quarterly and annual financial reporting

    • Customised financial analysis and reporting

    • Cash flow forecasting and budgeting

    • Financial performance monitoring and insights

    • Compliance with the latest accounting standards and regulations

    • Integration with your existing accounting software

    • Dedicated account management for personalised support

    These services provide you with accurate and timely financial information, enabling you to make informed strategic decisions for your business.

  • Yes, you will have a dedicated account manager who will ensure that your financial statements are prepared accurately and in a timely manner. They will be your primary point of contact for all your management account needs.

  • Our finance professionals are highly experienced and possess relevant qualifications in finance and accounting. They have extensive expertise in managing accounts for businesses across various sectors, ensuring that you receive top-quality financial support.

  • You will receive detailed profit and loss accounts, balance sheets, and other essential financial statements.

    These reports are prepared in accordance with the latest accounting standards and regulations, providing you with timely and accurate financial information.

  • The frequency of financial reports can be tailored to your business needs. Whether you require monthly, quarterly, or annual reports, we can accommodate your preferences to ensure you have timely information for strategic decision-making.

  • Our team remains up-to-date with the latest accounting standards and regulations. We ensure that all financial statements and reports comply with these requirements, providing you with accurate and legally compliant financial information.

  • Our finance professionals manage accounts daily and are experts in financial reporting. Their extensive experience minimises the risk of errors and ensures high accuracy in your financial statements.

  • Yes, we can work with a variety of accounting software systems. Our team is experienced in integrating with different platforms, ensuring seamless collaboration and efficient financial reporting for your business.

  • By outsourcing, you avoid the expenses associated with hiring full-time staff. Our part-time finance professionals provide high-quality services tailored to your needs, ensuring you only pay for the support you require.

    In addition, holiday pay, sick pay and pensions are all covered by us as they are not technically employed by yourself, thus saving you money.

  • Yes, our management account services are flexible and can evolve with your business needs. Whether you require more support during peak periods or wish to scale back during slower times, we can adjust the scope of services accordingly.

General FAQs

  • The Finance People provide SMEs with access to part-time Finance experts. Whether you need to outsource individual tasks or whether you’d like to access an expert fractional CFO on a flexible basis - we can help. Find a finance expert with us and prepare for your business to thrive.

  • The Finance People are experts in management information, profit management, cash flow management, exit planning, financial modelling, risk analysis, raising funds, crisis management, acquisitions and mergers, and mentoring and training.

    The Finance People can help you manage your business by providing finance experts on a part-time, flexible basis depending on your business requirements.

  • At The Finance People, we always take your individual business into account, so no matter what kind of financial guidance you require, we will do our best to provide the best support we can.

    For detailed descriptions of all our services, click here. However, if you are still unsure what the right service for you is, we recommend you book a free consultation here and we will be happy to discuss the perfect solution for your business.

  • No, our flexible finances service enables you to access fractional CFOs, part-time or ad-hoc finance experts who will work with you as much or as little as needed.

    Let us know how frequently you think you will need financial support or book a consultation here, and we can discuss the kind of support you require.

  • Our services run monthly, so you are never contracted for more than a month.

  • All our flexible finance professionals are vetted and qualified for the role. You can take a look at our reviews and testimonials will help you see how successful we are at matching the right professional with your business.

    All our fractional CFOs and flexible finance professionals at The Finance People have previous experience with The Big Four and use their first-class experience working in large corporate companies to provide expert financial guidance to SMEs.

    Our goal is to provide you with Finance People who feel like a safe pair of hands to guide your business in the world of finance.