BDO Payroll Newsletter - November 2019

NOVEMBER 2019 | PAYROLL ON POINT

7

ACCELERATEWORKSHOPS – LET’S KICK IT UP A GEAR BDO Drive delivers a range of services to help ambitious businesses, by reducing day to day strain or by finding ways to add real value to a company. Our teams have a passion for X X Optimisation of your current accounting system – are your systems fit for purpose, can you get it to do more of the things you need and is it saving you time or costing you effort? X X Review of your management

X X Building budgets and forecasts – do you have a basic budget/forecast that you need assistance refining, or do you need guidance in building a new one for future growth/changes in strategy? As well as our Accelerate workshops, BDO Drive is also able to leverage from its cloud-based technology stack to ensure that you focus on building your business rather than losing time focussing on administrative functions and compliance tasks such as management reporting, bookkeeping, VAT submissions and dashboard reporting. Our BDO Drive Performance offering brings seamless data capture, streamlined processes and bespoke solutions together to ensure you get key insight into business performance without becoming tied down by back office administration. If you are interested in either BDO Drive Performance or our Accelerate Workshops, please speak to your local BDO Drive contact.

information – do you get the timely and accurate information that allows you to make good business decisions, could it be presented in a more meaningful way, and are you seeing the KPIs that your business or investors rely upon? X X Document and review of internal process flows – do you have inefficiencies in the finance process or otherwise that is costing key people unnecessary time, is there a bottleneck that is slowing down the management reporting, and could processes get done more quickly and using automation? X X Identifying funding needs – are you looking for funding but don’t know where to start, what options are on offer, or have the time to invest to get it right?

helping clients and finding practical ways of supporting them, whether they are a start- up or a long-established high growth company. Our Accelerate Programme is a series of high impact workshops designed to identify key strains and stress points, building clear steps and setting goals to assist the company to overcome them so they can concentrate on growing their business. Each workshop focuses on key areas of the business, and aims to provide real value with minimal time investment and disruption on your side. These workshops include:

PAYINGOUR FEES BY DIRECT DEBIT – REMINDER

As you are aware we are now invoicing our clients on the basis of each time the payroll is completed, which for most of our clients is on a monthly basis. We believe that with the technology available through most accounting systems on the market, this should not incur additional administration for our clients. However, we understand that this may not be the case for all and to assist with any additional administrative work this may cause, we are able to offer a Direct Debit facility. With this method of payment, the invoice issued for the processing of the payroll will be collected at the end of the following month it was issued in. This facility can be used for all BDO invoices issued, or just this from your payroll service if you wish. If you would like to make payment of our invoices by Direct Debit please speak to your usual contact about obtaining the form required to be completed.

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