What services are included in an outsourced finance function?

This can include bookkeeping, purchase processing, sales invoicing support, bank reconciliation, expenses, payroll and VAT � the work that keeps the underlying records complete and current.

Depending on the provider, the same team may handle annual accounts, Corporation Tax, Self Assessment and other statutory work so the day-to-day records and year-end reporting remain connected.

Management accounts, cash flow forecasts, budgets and KPI reporting turn the underlying records into information the owner can use during the year.

At the higher end, an outsourced finance function can provide Virtual FD-style input on pricing, recruitment, funding, investment and growth. Not every business needs every layer, so the service should scale with the need.