Finance & Accounting Services

Dedicated fully managed services to help you reach your goals.

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A fully managed solution designed specifically to help you save time and money.

Liberata offers a full range of finance and accounting services to support public and commercial sector organisations.

Financial and Management Accounting

Incorporating a range of fully managed services:

  • Accounts Preparation – statutory accounts preparation, compliance with recognised accounting standards, tax returns
  • Budgets and Forecasts – preparation of budgets and forecasts, weekly/monthly budget monitoring information for the management team and directors
  • Management Accounts and Reporting – preparation of monthly management accounts, including:  profit & loss, balance sheet, cashflow statement, monthly close process, variance reports, management information reports and dashboards, bespoke reporting, Key Performance Indicators
  • Accounting – preparation and management of chart of accounts/cost centre structures, asset register, manage accounting/journal entries, payroll accounting, intercompany accounting, audits
  •  Tax & Related Consulting – VAT returns, VAT control accounts, tax advice

Accounts Payable

A fully managed, scalable and efficient accounts payable service including:

  • Invoice Processing – providing a rapid and accurate transactional service. We process over 2 million invoices annually
  • Supplier Management – on-boarding of new suppliers and ongoing work with suppliers to ensure accurate and timely payments
  • Supplier Statement Reconciliation – validating and reconciling supplier statements to ensure that ledgers are accurate
  • Supplier Payments – delivering on-time supplier payments as part of the core service or as a resilience function

Accounts Receivable

Vital support enhancing accuracy and pace:

  • Billing – providing the end to end billing function. We bill over £4 billion annually
  • Account Management – ensuring rapid setup and ongoing management of client and customer accounts, timely billing and robust cashflow
  • Recovery, Credit Control & Enforcement – providing the full debt recovery solution for invoices that exceed payment terms, utilising our relationships with the UK’s most effective enforcement agencies
  • Debtor Support – liaising directly with vulnerable clients and their representatives

Banking and Treasury Management

Our efficient banking and treasury management service includes:

  • Management of Credit / Purchasing Cards – managing card supplier/s, user set up and amendments, monitor and manage card limits/spending rules, upload information to General Ledger, reconciliations
  • Direct Debit / Standing Order Management – set up and amendment of instructions, monitor and manage invoices and payments, reconciliations
  • Bank Reconciliations – managing relationships with banks and building societies and undertaking continuous, automated, reconciliations of all bank accounts
  • Payments – routine and emergency payments: Bacs, Faster Payments, CHAPS, inter-account transfers, foreign payments, cheques, cards, third party distributions, funding and other disbursements, manage authorisations and controls, meet agreed SLAs and Prompt Payment Rules
  • Bacs Bureau – facilitate ongoing payments and collections, submission of Bacs files, controls and segregation of duties, testing, accredited bureau

Expenses

Our end to end expenses solution includes:

  • Staff Expenses Auditing – best practice auditing, full or random sample auditing, match and validate receipts, focus on tax sensitive and larger amounts where appropriate
  • Expense Payments – paying employees in line with policy in a timely and reliable format

Accounting System Selection

Our bespoke service offers:

  • Agreement of Key Requirements – key functional requirements, budget
  • Request for Proposal (RFP) / Supplier Assessment – manage RFP process, shortlisting of candidate systems
  • Evaluation and Selection – functionality assessment, value for money assessment, IT and information governance evaluation, due diligence and contract assessment

Accounting System Implementation

Getting started couldn’t be easier…

  • Configuration – core team training and guidance, set up company structure, chart of accounts and cost centre structure, set up key functions, reporting and workflows
  • Integrations – set up integrations as required, e.g. payroll, bank account data
  • Testing – initial data provision/migration, user testing and troubleshooting
  • Go Live – stakeholder communication and wider user training, final data migration, cut over to live like some of our other clients already have!

Duplicate Payment Recovery Service

Our Duplicate Payment Recovery Service will help you generate positive cashflow and boost your profits. With minimal input needed from your team, we’ll undertake a specialist recovery audit of your purchase ledger.

Using our latest innovations in sophisticated analytics, backed up by expert professionals, we will identify historic overpayments, duplicate invoices and unclaimed credits, and then manage the entire recovery process on your behalf. What’s more all of our fees are contingent upon successful recovery of funds – no recovery, no fee!

Back on Track Service

Liberata can offer a helping hand when you find yourself overwhelmed by a backlog of financial administration that you’re struggling to clear on your own. Our team of experienced UK-based finance and accounting staff will work alongside your existing employees to power through the workload, investigate the root cause of the problem and help establish new routines to prevent future issues.

Supplier Statement Reconciliation

Manually reconciling supplier statements is a time-consuming task that rarely makes it to the top of anyone’s to-do list. Our specialist team combines accounting experience with innovative technology to identify errors and omissions that may have been missed. This results in better relationships with your suppliers, improved cash flow and renewed confidence in the accuracy of your ledgers.

Paperless Direct Debit Service

Direct Debit payments provide ease and security for businesses and customers alike. We make the whole process as easy as possible, integrating seamlessly with existing systems and simplifying the online sign-up process to entice more customers to pay by Direct Debit. We provide full end-to-end administration of the Direct Debit process, including managing payment schedules, automating correspondence, production of AUDDIS and collections files, and processing all Bacs reports. These are just some of the many solutions to our finance and accounting services.

Trusted by...

Corbel
Glencar Construction
Bytes Digital
Ch&co
The Soho Sandwich company
Gather & Gather
Greendale Group
Bristol City Council
Merthyr Tydfil County Borough Council

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