Bookkeeping, payroll, accounts
We are passionate about the basics!
Accurate and efficient bookkeeping is the foundation of a healthy company. It is the central flow of information. We take pride in doing great job and we focus on clear communication with you.
Bookkeeping
We manage the purchase ledger and sales ledger. We handle payments and invoices. We manage bank reconciliation. We ensure that everything is compliant with HRMC and any other regulatory standards and practices you need to maintain.
Payroll
We manage payroll and auto-enrolment, with more than two decades of expertise in handling HMRC and in handling sensitive staff issues. We ensure your employees get paid correctly and on time. And we ensure their pensions and NI contributions are compliant and in order.
Expenses
We handle claims and process expenses in line with your company handbook and staff policies. We chase missing receipts and ensure that everything is logged with the right codes, tax and VAT treatments.
Management accounts
We deliver sound, clear monthly accounts, to your specifications, on time and reconciled. We liaise with your accountants and your internal team leaders. We advise on process improvements that make it easier for financial information to flow through the business.
Services overview
Bookkeeping
– Input sales
– Input sales receipts
– Check quality of balances
– Input invoices
– Input payments
– Reconcile supplier statements
– Produce creditor schedule
– Bank payments and receipts
– Petty Cash
– Credit Card payments
– Input and reconcile payroll
Payroll
– Calculation of wage earnings, deductions
– Filing payroll taxes and delivering payment.
– Handling payslips, P60 and P11d forms
– Pension Auto-enrolment and support
– Set up and manage compliant workplace pensions.
– HR policy advice & guidance
– Real time information compliance
Expenses
– Checking claims against company expense claim policies
– Managing approvals
– Managing payouts
– Bookkeeping claims
– Receipt control
– Chasing outstanding paperwork
– Educating staff on compliant expense submissions
– Managing company cards
Management accounts
– Reconcile bank accounts
– Reconcile invoice factoring
– Manage VAT returns
– Accruals and prepayments
– Depreciation
– Month end reports
– Liaison with accountants
Finance and operations are the pistons driving the engine of your business. If they are not running smoothly, everything else in the business is undermined; people can’t trust the information they have, and once a mistake gets into a filing it can take weeks or months to unravel.
Input sales receipts — When finance and operations are running smoothly, the company’s internal communications can run smoothly and the company can pursue its strategic goals efficiently and effectively. Management don’t want to spend their days dealing with incorrect VAT filings, payroll complaints and long lists of information requirements from the auditors.
Like any good team player, we have our heads up, looking around us, engaging with the rest of your team.
We believe good management means being aware of what is on other people’s desks, not just our own; and being willing to communicate issues and engage with all stakeholders. We ask questions and make suggestions based on our decades of experience helping small companies to grow.
We have particular expertise in working with complex and fast growing companies in tech and finance. We know how to build simple systems and policies designed to support fast growth. We know how to plan and execute international expansion.
We know how to liaise with product and marketing, to ensure digital payment solutions and SAAS offerings are seamlessly integrated with the company’s accounting systems and compliance obligations.
OM2 is a UK company with over 10 year’s experience managing finance, operations and payroll for startups and small businesses. We deliver with the information you need, to improve your profitability, manage cash-flow and increase the value of your business.
At year-end we liaise with you and your accountants to supply them with everything they need to produce year-end accounts and complete corporation tax calculations, including reconciliations and notes, ensuring they are working with numbers they can trust.
We do not sign up to the partner programs of the big software companies in our space as we value our independence and want to be able to make recommendations to clients that are not skewed by vendor programmes. But we do work with a constellation of specialists and experts who we know are the best in their field because we have been working with them for many years. These include;
Check our operational services here;
Excellence in financial management
We are committed to the highest standards of execution for all our clients. Allow your senior management to focus on your strategic priorities; we have your back.
