Our outsourced accounting solution for recruitment agencies combines cloud-based reporting and accounting software with our InTime pay & bill software, to provide you with a streamlined and feature-rich finance platform. Our outsourced accounting service offers you the flexibility to choose which specific areas you wish to outsource to fill your skills-gaps and resourcing requirements, together with the scalability to accommodate future growth. We will provide you with the level of service you require through the lifetime of our partnership.
Why outsource elements of your finance function?
| ① |
To help manage the cost of setting up a finance function in the first place. |
| ② | To access detailed management reporting and analysis. |
| ③ | To utilise the best fit accounting technology. |
| ④ | To de-risk your compliance with regulatory requirements in the UK and globally. |
| ⑤ | To ensure certainty of cost, both at set up and through the business lifecycle. |
| ⑥ | To free up senior staff time for core business activities. |
| ⑦ | To access differing levels of finance expertise. |
| What could you outsource? | Other specialist services |
| Book-keeping and management accounts | Tax planning |
| Pay & bill (contractors) | Corporate finance |
| Payroll (internal staff) | Advising on invoice finance |
| Pension administration | Forecasting and modelling |
| VAT compliance and advisory | |
| Year-end statutory accounts preparation | |
| Corporation tax compliance | |
| Company secretarial | |
| HR compliance/advisory |
Our experience
We have provided outsourced accounting services to recruitment agencies for over 10 years. During this time, we have worked with agencies across multiple sectors developing a broad range of experience. Our focus is on providing timely and accurate management reports to all our recruitment agency clients.
Below are some examples of recruitment businesses we have worked with:
Business support and human resources recruitment (London)
A £2m turnover, fast-growing business that was struggling to cope in-house with the accounting and pay & bill functions. Outsourcing their accounting and pay & bill functions to RSM freed up management time and they now receive detailed, accurate and timely management reports to enable them to make strategic business decisions. The fully integrated solution includes the client’s Bullhorn software, our InTime software, accounting software and reporting tools.
Global search & selection for executive roles & interim contracts (London)
A £20m turnover business that was purchased by the directors from an AIM listed group. We assisted in the transition of the accounting data to our platform, setup our InTime software and integrated it with the clients’ Bullhorn software. We now provide them with outsourced accounting services, together with pay & bill, payroll, year-end accounts and corporate tax services.
Technology and engineering recruitment (Guildford)
A stable business with a £2m turnover, we have provided a fully outsourced accounting service for almost 10 years. We also provide pay & bill services, using our InTime software, together with year-end accounts and corporation tax services.
Business transformation & change management head-hunter and recruitment consultancy (London)
A growing business now with £30m turnover, we provided outsourced accounting services to them for over 5 years. Eventually they grew to a size where it made commercial sense for them to take the accounting function in-house, but we still provide them with InTime software, integrated with accounting software and reporting tools.
