Your Outsourced Finance Team
All the financial support of an in-house finance department — without the overhead of hiring one.
What Is an Outsourced Finance Team?
An outsourced finance team means Magnum Accountancy acts as your entire finance department—handling everything an in-house bookkeeper, accountant and financial controller would do. You get qualified professionals, consistent processes and real-time financial visibility, without the need to recruit, train or manage an internal finance team. It works for businesses of all sizes and sectors—from growing SMEs to established companies that want to scale without increasing internal complexity.
One of the biggest selling points of an outsourced finance team is that clients get an experienced team without the cost, risk, or management burden of hiring internally.
Everything Included — Nothing Left Out
Our outsourced finance service is fully bespoke — scoped around your business. A typical engagement includes:
📒 Bookkeeping
✓ Weekly bookkeeping
✓ Processing of purchase and sales invoices
✓ Matching purchase invoices to purchase orders (POs)
✓ Weekly bank reconciliations
✓ Supplier payment runs every other week — prepared for your approval
✓ Accounts inbox management
💷 VAT & CIS
✓ Quarterly VAT return preparation and submission
✓ CIS subcontractor verification
✓ Monthly CIS return submissions
👥 Payroll
✓ Payroll processing for monthly-paid employees
✓ Payroll processing for fortnightly-paid employees
✓ PAYE and National Insurance submissions
✓ RTI submissions to HMRC
✓ Optional: workplace pension administration and pension submissions
📊 Reporting & Advice
✓ Monthly management accounts including Profit & Loss
✓ Monthly Balance Sheet
✓ Key financial insights and commentary
✓ Annual accounts and corporation tax return
✓ Ongoing advice on improving accounting processes and efficiencies
Why Choose an Extended Finance Team?
Instead of relying on a single employee, you gain access to a dedicated team with expertise across bookkeeping, payroll, VAT and management reporting.
Who Is This For?
Our outsourced finance service is ideal for businesses that need a reliable finance function but aren’t ready—or don’t want—to build an in-house finance team.
✓ Tech companies and SaaS businesses scaling quickly and needing investor-ready financials.
✓ Agencies and consultancies with project-based billing and cash flow management.
✓ Construction businesses managing CIS, subcontractors and job costing.
✓ Businesses with 5–100 employees that have outgrown a basic bookkeeping service.
✓ Founders who want to focus on growing their business rather than managing the finance function.
✓ Companies that want the expertise of a finance team without the cost of hiring a Finance Manager or Finance Director.
✓ Businesses looking to avoid recruitment fees, training, holidays, sickness cover and staff turnover.
✓ Companies that need immediate access to experienced finance professionals without lengthy recruitment.
✓ Businesses wanting consistent financial processes and reporting that continue regardless of staff absence.
✓ Businesses that require scalable support, allowing finance resources to increase or decrease as the business grows.
You get an entire finance team for less than the cost of employing one experienced finance professional—without the headaches of recruitment, onboarding, training, performance management, holiday cover or staff turnover.
Ready to Talk About Your Finance Function?
Every engagement is scoped to fit your business. Book a free call — we’ll map out exactly what your outsourced finance team would look like.
Daxa Khunti — Managing Director
📞 01223 297374 | ✉️ daxa@magnumaccountancy.com