Services
At Abacus, we understand the importance of providing effective back-office support. Our services are designed to empower you to concentrate on business growth while we expertly manage your back-office operations.
Onboarding
First impressions matter; we ensure the onboarding process for both clients and candidates is seamless.
- Define and support the onboarding journey, ensuring a smooth process for both clients and candidates
- Provide guidance and recommendations on client contract terms and conditions and ensure alignment with internal processes
- Seamless client onboarding conducting credit checks and suggesting credit limits, ensuring accurate capturing of client billing information.
- Effortless candidate onboarding by gathering all the required information, verification of documentations and producing welcome packs
Pay & Bill
Paying candidates in a timely manner and billing clients accurately is essential for your business and for your teams.
- Efficient and precise processing of timesheets and expenses, ensure correct approvals are obtained and processed on time.
- Streamlined and accurate client invoicing according to client requirements ensures adherence to tax compliance and enables prompt payment receipt.
- Processing multiple payment methods, including PAYE, LTD Co, and Umbrella payments.
- Ensure compliance with HMRC intermediary and other statutory reporting
Credit Control
Working capital is the lifeline of any business, therefore it is important to ensure prompt payments from clients.
- Monitor and report on outstanding invoices and debts, managing the overall ageing profile
- Ensure payments are received in accordance to the agreed payment terms
- Manage the overdue payment process whilst maintaining strong relationships
- Bad debt resolution through appropriate advice and legal action
Accounting and Reporting
We provide valuable financial insight through analysis and reporting, enabling better decision-making.
- Provide Monthly Reports with Board Packs, financial data and useful analysis for better decision making
- Oversee the payment process, ensuring proper controls and approvals are in place
- Paying validated supplier invoices in line with terms
- Develop and manage commission schemes that promote the right behaviours
- Ensure accurate calculation and submission of VAT returns and payments
- Prepare and submit statutory financial reports in accordance with accounting standards and regulations
- Manage bank accounts to protect your assets and monitor cash flows and liquidity
- Deliver an annual budget aligned with business goals. Evaluate financial performance and update the expected outcome through monthly forecasting.