Valenta BPO UK > Outsourcing > Accounting for Accountants

Accounting for Accountants

Gain a competitive edge and reduce staffing costs

Accountants/ firms are often bogged down by repetitive, time-consuming tasks, most of which can do more efficiently through outsourced bookkeeping and accounting. Valenta BPO offers end-to-end outsourced accounting services to such firms/accountants across the UK. This ensures they are freed to concentrate on tasks that are more individual skill-based, focus on client engagements and business growth. This also eliminates the need for such operations to invest precious resources on recruitment and long term in-house employment.

The best approach to take when identifying what to outsource is to look at your current business today and more importantly where you see it in the near future. We work with you to understand your business model and identify areas where we can add value through our experienced outsourced accounting team.

Our certified accountants have over 50 years of collective work experience in the UK and provide quick, accurate and compliant virtual accounting services at cost-effective rates. We work with many of the world’s top 100 accounting firms.

Industries Served

Construction Companies

Hospitality, Travel and Tourism

Charities and Trusts

Agriculture and Rural Business

Real Estate

Pharmaceutical Industry

Film Industry

Healthcare Profession

Limited Liability Partnerships

Valenta’s Outsourced Accounting Services

Year-end accounts

Valenta’s Outsourced Accounting services help firms both small and large train their expertise on the financial statements/ interpretation/compliance/ taxation etc. of clients, taking away the laborious process behind it.

Our outsourced accounting support includes:

• Collecting all relevant documents from you
• Preparation of notes, control accounts, trial balance, P&L and balance sheet in our unique indigenous working papers
• Finalisation of accounts on an accounting software of your choice or providing a CSV for you to import
• Sending of reminders to you for any queries raised ensuring you don’t miss on those
• Providing you with a required set of accounts, iXBRL, tax computation and backup file
• Filing of accounts with Companies House and HMRC once accounts are approved

Management Accounting

We offer customised management accounting services enabling you to offer your clients an updated view on their business performance, helping the management in making informed business decisions/ course correction.

This includes:

• Periodic management accounts as per your need
• Cash flow report
• Aged reports
• Budgets and forecasts
• Variance reports
• Dividend vs. loan planning report
• Other reports of your choice

Our process

• We understand your requirements and intended purpose of the report
• We generate reports to suit your specific requirements
• We provide you with final reports that are easy-to-use and interpret

Bookkeeping

We realise the time involved in day-to-day record keeping, an aspect that concerns most accountants in practice. Our outsourced bookkeeping services’ frees you from these hassles enabling you to invest your time in more productive/ profitable assignments.

We offer:

• Simple record keeping
• Bank reconciliation
• Sales, purchases, banking transactions and their analysis
• Reports for VAT returns
• Variance reports
• Dividend vs. loan planning report
• Other reports of your choice

Our process

• We collect the base documents from you
• We use the software of your choice
• We make our notes and assumptions and gather your inputs
• We provide necessary reports

Company formation and compliances

The scope of accounting outsourcing services has grown over the years from basic to more complex offerings. We too have kept up with this trend and our offering is not restricted to just basic outsourced accounting services. We have specialists in our team with the expertise to assist you with company formation and the subsequent secretarial and admin tasks.

Here’s what we offer:

• Company formation
• File confirmation statements
• Registering for VAT and PAYE
• Addition/removal of officers
• Changes in shareholding and share capital
• Dividend minutes and vouchers
• Extending/shortening period
• Other statutory documents

Our process

• We collect the required details from you
• We examine the documents and application made
• We follow up with the respective authorities to check on status
• We provide you confirmation copies/minutes for your perusal

Software

These are usually executed over Companies House and the HMRC portal while minutes and vouchers can be provided in office applications.

Payroll and Auto enrollment

Valenta Accounting recognizes the significance of Payday. Our experts provide professional payroll services to accountants in practice to save them from payroll complications and compliances so their clients don’t suffer any late filing penalties.

What we do?

• Periodic payroll and RTI submissions
• Auto-enrolment and its administration
• P11Ds
• Earlier year update (EYU)
• Ascertain PAYE payable
• Add/remove employees
• CIS submissions

Our process

• We process the timesheets/pay information in the software of your choice
• We verify payroll reports with you beforehand to minimize corrections
• We file RTI once reports are approved
• We provide confirmation copies and necessary reports like payslips, P32, etc.

Vat returns

We understand the significance of pay day and the preparation that must go behind to ensure disbursement. Our professional accountants have the expertise in payroll services that accountants in practice can obtain to avoid complications from issues related to payroll such as clients facing late filing penalties.

We offer:

• Periodic payroll and RTI submissions
• Auto enrolment and its administration
• P11Ds
• Earlier year update (EYU)
• Ascertain PAYE payables
• Add/remove employees
• CIS submissions

Our process

• We process timesheets/pay information in a software of your choice
• We verify payroll reports to minimize corrections
• We file RTI once reports are approved
• We provide confirmation copies and necessary reports like payslips, P32 etc.

Taxation

At Valenta, we have the required staff with a detailed understanding of taxation in the UK. Our experienced outsourced tax preparation team has vast experience in filing taxes for individuals, partnerships, LLPs, and companies.

We offer

• Business tax computation
• CT600 (short and full)
• Self-assessment (SA 100 and SA 800)
• Capital Gain and Property taxes
• Entrepreneurs relief
• Filing CT600 and self-assessment
• Forecast of personal and business taxes

Our process

• We gather basic accounts data and other relevant information
• We analyse the Profit and Loss and balance sheet items individually
• We take into consideration S455, losses available, carrying back, capital allowances etc.
• We calculate taxes, provide tax returns, iXBRL and computations
• We also recommend the scope for tax saving on request

Bespoke tasks

Each business is distinct and needs a service optimised for it. We at Valenta realise that the concept of ‘one size fits all’ is not applicable to today’s business environment and hence do not restrict ourselves to a fixed bouquet of vanilla accounting and bookkeeping outsourcing services. We take our engagement a step ahead by offering solutions that are customised ground up, to suit specific customer requirements.

Our offering

• We manage your practice so that you can focus on the business side of things
• We handle all admin/ repetitive tasks giving you time for more important activities
• We deal with correspondence with various departments – HM Revenue & Customs
• We manage your receivables and payables

Our process

• We will work with you to determine the services your business requires and our team then develops a process to best suit your needs.

Why Valenta’s Accountant Services?

Extension of Your Team

Our Accountants are trained on your practices and processes, and function as an extension of your team, thereby saving time and fitting seamlessly with your scope.

No Lock-in Contracts

Our contracts are simple with no lock-in terms.

Software Expertise

Our accounting support teams have expertise on leading software applications, and will adapt to your business processes, in the shortest possible time

Comprehensive Solutions

We provide end-to-end accounting solutions that improve productivity and provide a competitive edge.

Extension of Your Team

Our Accountants are trained on your practices and processes, and function as an extension of your team, thereby saving time and fitting seamlessly with your scope.

No Lock-in Contracts

Our contracts are simple with no lock-in terms.

Software Expertise

Our accounting support teams have expertise on leading software applications, and will adapt to your business processes, in the shortest possible time

Comprehensive Solutions

We provide end-to-end accounting solutions that improve productivity and provide a competitive edge.

Peace of Mind with Valenta BPO

24x7 Support

We have a global presence with offices in Australia, UK, and US, backed by well-staffed delivery centres in Bangalore, Vizag, Ahmadabad and Mohali in India, and Penang in Malaysia enabling us to support you 24×7.

Resources Ready to Start Immediately

Our team are trained and ready to start straight away. Unlike other BPO service providers, our model means that we are responsible for hiring, training and resourcing for your business, making the process as stress-free as possible.

Eliminate Hiring & Administration Costs

At Valenta BPO we offer outsourcing solutions that eliminate the need for you to invest in IT, HR, payroll, account management, and admin tasks. On average, our Valenta BPO clients' who outsource report a cost saving of up to 60%.

Flexible Engagements

We design solutions to meet specific client requirements and offer flexible engagement models. Our resources can be engaged full-time, part-time, or on a transactional basis without lock-in contracts.

Virtual Accountant Solutions

Full-Time Accountant

40 Hours Per Week

£1,250/per month

Part-Time Accountant

20 Hours Per Week

£625/per month

Full-Time Accountant

40 Hours Per Week

£1,250/per month

Part-Time Accountant

20 Hours Per Week

£625/per month

Valenta Accounting Solutions - Ad Hoc (Transactional Pricing)

TASKSFEEPARTICULARS
Book keeping£7.00per hour
VAT£8.00per hour
Year end£10.00per hour
Payroll£10.00Employee setup and company setup in software (up to 5 employees)
£1.50Per employee payslip per month
£ 0.50Revision per employee payslip per month
£ 1.50CIS per contractor per month
£10.00P11D per employee
£ 0.50AE pension upload per employee per month
£10.00Misc. tasks per task basis (PAYE registrations, communication with HMRC etc.)

Valenta Accounting Solutions - Self- assessment (SA100) Pricing

TASKSFEE
Base return charges£15.00
Additional charges as per below on per income basis:
Salary£5.00
Dividends£5.00
Pension£5.00
Rental property£15.00
Capital gain/loss (per share)£5.00
Capital gain/loss (per capital asset)£10.00
Self-employment schedule£10.00
Other income£5.00
Foreign income (does not include world-wide disclosures)£10.00
Deductions and reliefs£5.00
Communication per task (if you want us to do communication for basic queries)£5.00

What do our client's say?

  • Since engaging Valenta, we’ve been able to take on a much higher work load. We’ve been able to bring someone into the team for a lower cost, but without compromising on that quality of work. Outsourcing has been a great solution compared to hiring somebody locally. It’s a lot more cost effective and it’s easy to do.

    Natalie Gillies and Clare Harding
    Arthur J Gallagher
  • Valenta has been great, because it allows us to expand and contract our operations, depending on the time of the year, very effortlessly and inexpensively. It’s allowed us to make decisions that we know we can scale quickly on because we know that Jayesh and the Valenta team will be there for us.

    John Pollock
    Financial Gravity
  • We just love working with Valenta and the people they have working with us. We work with Fatan in Malaysia. She’s absolutely fantastic; she shows initiative and she knows what she’s doing. We’ve really enjoyed the Valenta experience. We have a great relationship with our team. We appreciate the flexible hours; the fact we can be doing something else and they are in the background getting our work-ready is great.

    Bert Dugdale
    RI Advice Alderley
  • Outsourcing makes the business more efficient. We also deliver greater service to our existing client base.

    Steve King
    CFL Financial
  • What I was really impressed with, was that not only do you get that dedicated resource, you also have a manager that reviews all of their work, and all included in the price. Overall I’ve been really happy with the process and it’s helping me live my dream, which is to work from home and not have any staff in the office.

    Tim Charles
    Charles Accountancy
  • We have found Valenta’s service to be very professional, very capable and very timely. As a result it’s increased our productivity and reduced our bottom line. We’ve had some very good cost savings with our outsourcing arrangement with Valenta. We found their cost is very competitive compared to the market which has benefited our bottom line.

    Tommy Laskaris
    Oracle

Case Studies

01.

Arthur J Gallagher Achieves Greater Success with Valenta

02.

CFL Financial Planning Finds Staffing Security with Valenta

03.

Oracle Investment Services Improves Productivity by Leveraging Valenta’s Talent

Software Expertise

Book Free Virtual Accountant Consultation

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