Question 1

What services do Elements of Finance offer?

Accepted Answer

We provide a full range of finance and accounting services, including bookkeeping, payroll, VAT returns, financial forecasting, cash flow management, and CFO-level strategic support. We act as a Virtual Finance Team, handling everything from daily financial operations to high-level planning.

Question 2

How is a Virtual Finance Team different from an in-house finance team?

Accepted Answer

Our Virtual Finance Team (VFT) gives you the benefits of an expert finance function without the overhead costs of hiring an in-house team. We integrate seamlessly into your business, providing real-time financial insights, automation, and strategic advice while remaining flexible and scalable to your needs.

Question 3

Do you only work with certain industries?

Accepted Answer

No! While we have experience across various industries, including technology, professional services, construction, and retail, we tailor our approach to suit the unique needs of each business.

Question 4

Can you help with cash flow forecasting and financial planning?

Accepted Answer

Absolutely! We specialise in cash flow forecasting, budgeting, and financial strategy to help businesses plan for growth, manage risks, and make informed decisions.

Question 5

Do you handle payroll and HMRC compliance?

Accepted Answer

Yes, we manage payroll processing, tax calculations, pensions, and compliance to ensure your employees are paid correctly and your business meets all HMRC obligations.

Question 6

How do you integrate with our existing finance systems?

Accepted Answer

We work with leading cloud-based accounting software such as Xero, QuickBooks, Sage, and more. If you have an existing system in place, we integrate seamlessly to ensure efficiency and accuracy.

Question 7

Will I have a dedicated finance contact?

Accepted Answer

Yes! We assign a dedicated finance expert to your business, ensuring you always have a point of contact who understands your company’s finances and goals.

Question 8

How do we communicate and collaborate?

Accepted Answer

We use a mix of email, phone, Zoom meetings, and cloud-based tools to keep communication seamless. We also provide regular updates, reporting, and check-ins to keep you informed.

Question 9

Can you work alongside our in-house team or external accountants?

Accepted Answer

Yes! Whether you have an internal bookkeeper, operational team, or external accountant, we collaborate to enhance your finance function and ensure smooth operations.

Question 10

Do you offer flexible pricing or retainer packages?

Accepted Answer

Yes, we offer customised pricing based on your business needs. Whether you need ongoing support or project-based services, we tailor our packages to provide the best value.

Question 11

How do I know if my business needs a finance team?

Accepted Answer

If you're spending too much time on financial admin, struggling with cash flow, or need strategic financial guidance, it's time to bring in a finance team. We help businesses gain financial clarity, streamline operations, and drive growth.

Question 12

How do I get started with you?

Accepted Answer

It’s easy! Contact us today for an initial chat about your business needs. We’ll discuss your goals, challenges, and how our Virtual Finance Team can support you.

Question 13

What size businesses do you work with?

Accepted Answer

We work with startups, scale-ups, and established businesses looking for expert financial leadership without the cost of an in-house team.

Question 14

Can you help if my accounts are behind or disorganised?

Accepted Answer

Yes! We can absolutely help in catching up on overdue accounts, organising financial data, and implementing efficient systems to get your business back on track.

Question 15

Do you offer sustainability-focused finance solutions?

Accepted Answer

We are actively exploring ways to integrate sustainable financial practices into our services, ensuring businesses operate efficiently while considering their environmental and ethical impact.

Here are some of our frequently asked questions