FAQs (Frequently Asked Questions)

If you are used to performing all your accounting functions in-house or with the help of part-time practitioners, considering outsourcing your accountancy might be considered a leap of faith.

But when you appoint Total Accountancy Solutions, from the very first meeting, you’ll know you can place a high degree of that faith in our expertise and experience to get the job done and then some! Click here to see our 3Ps to accounting best practice.

Nevertheless, we know there will be questions to ask of someone, in whose hands you’re placing the financial well-being of your company. Please do contact us with any specific questions you may wish to ask prior to our meeting.

For your immediate reassurance, here are some answers to some of the more frequently asked questions…

Won’t I lose control, if I’m not the one paying the bills, placing money on deposit and so on?
No. Quite the opposite. The financial control you have over your business is actually enhanced. You’ll have access to our specialist on-line accounting software, saving you the cost of such an investment, and keeping you totally in the picture.

Won’t it slow down my decision making if TAS are keeping the books and I have to refer to you each time when I want to know where money is, what balances are and so on?
No. It will actually speed it up. We offer a comprehensive portfolio of financial planning, management and reporting.

Our reports will be up to the minute and presented in a clear, concise and constructive manner, right across the accounting disciplines. Rest assured we’ll provide accurate, timely information and advice, with the right analysis of the right information.

With the right procedures and reporting media in place, if surprisingly, you don’t know something at one particular time, you’re only a call away from the answer.

How do we communicate?
During the first couple of months, your TAS financial controller will be on-site at least once a week.
Thereafter, we’re only a call or e-mail away from your office. And if required regular status meetings can be arranged as well as, of course, we will make ourselves available for any extraordinary meetings.
And throughout, you’ll always be in the well qualified and capable hands of TAS principals for all functions of our full-service outsourcing offering.

I spend so much time chasing or being chased by suppliers and customers with regard to payments. How can TAS help?
As our name implies we can take total responsibility for this if you wish. Either you can as a ‘post office’ and filter bills received or sent, forwarding those that need attention to TAS. Or we can be presented as your Accountancy Department where suppliers and customers can contact us directly about these issues.

With our comprehensive service you are totally absolved of these often onerous tasks. We will deal with all, in a timely, cost-effective and efficient manner.

How will you know how we prefer to do things?
At TAS we take the time to get to know you, your business and the context in which you operate. If you have certain preferences we will incorporate these into the financial management procedures we set-up for your company. If, however, we feel there is a better way of doing things, we’ll not shy away from recommending an alternative approach.

Do I always have to accept your advice?
We like to think that this is how we add even more value to your business and what you’ll happily pay us for. But we will, of course, always bow to your wishes should we reach an impass.

Is my contract with TAS for a fixed term?
We will recommend a period of consultation, according to your business needs and our desire to meet them. Naturally, we’d like to forge the longest possible business relationship, but we’ll provide for exit options for both parties should the arrangement not go as expected.

How much will it cost?
Typically we are saving our clients 15 to 20% on the cost of having an in-house accountancy team. And over the longer term, as the financial management of your company gets stronger, we’d anticipate the saving to be even greater as new systems begin to show real financial benefits.

Call us now on 020 8905 7411 to arrange a meeting and we’ll provide a quote that meets your accounting needs, whether it be for fully outsourcing your accountancy needs or for a tailor-made package, where you can select from a menu of services.