Finance & Accounting

Success and Survival depend on Profit and Cash - no matter how good your technology!


No one starts a business because it "looks like a fun thing to do".  If you are reading this and you have never thought the words "I could make some money out of this" then please leave now!

If your goal is a trade sale or possible floatation on the stock markets then you need to be a successful business and a successful business needs to be making a profit (dot commies being the unusual exception) and managing cash effectively.  In the early days to ensure that you can survive from one month to the next requires tight management of the finances of your business.

Our Finance & Accounting team provides hands on assistance with accounting and business finance services including:

  • Business and Financial Planning
  • Management Accounting
  • Book Keeping
  • Simple Financial Systems


BUSINESS AND FINANCIAL PLANNING
  • What will it cost to meet our Business Plan objectives? 
  • What will our cash requirements be and therefore how much investment will we need?
  • What if?  What are the financial implications of different risks to the business identified in the Business Plan
Planning and Budgeting is another critical activity in the quest for Private Equity Investment.  The more money you need the more equity you will have to give away so a detailed analysis of the exact requirements of the business, detailed sales forecasts and risk analyses are vital to get it right.  Investors often provide the required cash in stages with the cash at each stage dependent on achievement of agreed milestones.  If you don't get it right at the beginning you are always chasing your tail and your focus turns to inside activities rather than revenue generating sales activities.

VisionMatch has executive level finance expertise in high technology start ups, management buy-outs and multi million R&D and technology exploitation companies.  VisionMatch provides project based contractors to work with you to develop your financial business plans and independently check the financial viability of your business proposition and your investment needs.


MANAGEMENT ACCOUNTING

  • Provision of monthly Management Accounts including P&L account, Balance Sheet, Cash Flow statement
Once you have got started then these become a monthly requirement for board meetings, issue to your investors and as a day to day tool for managing the financial health of your business.

For technology start up companies there is often an inclination to appoint an FD as quickly as possible so that these tasks can be delegated away and forgotten as someone elses responsibility.

Why do that?  Why go to the time and expense of hiring an executive level person at this early stage of your business?

VisionMatch has executive level finance expertise to assist high technology start ups with the task of producing the management accounts.  Provided on an On-Demand contract basis you only pay for the services that you use - generally at the end of the month.  At the early stages this is all you need and therefore we provide a really cost effective solution.


BOOK KEEPING

  • Handling Invoices in and Invoices out, salaries, expenses, sales order processing and purchasing.
Again, once you have got started you need to keep a close track on expenditure and income so you can manage the all important cash flow.

For technology start up companies there is often an inclination to appoint another resource to handle this again adding to the cost base of the business at an early stage.

VisionMatch can provide On Demand contracted book keeping servies to high technology start up businesses.  Requirements ranging from a few hours to a few days a week are easily accomodated and make an effective and efficient solution to your Book Keeping needs.


SIMPLE FINANCIAL SYSTEMS

  • Automating the financial processes using industry proven software systems.
Many Start-ups make some fundamental early errors.  One system for book keeping, another for management accounts and multiple spreadsheets for business planning.  All this does is make the process take longer and cost more since data has to be input to different systems. It also increases the risk of an error occurring that can easily slip past and then take more time and cost to repair - usually at an inconvenient time.

VisionMatch can provide services that will install and implement industry standard financial software packages for small businesses.  These systems, once installed can then help towards an integrated, single entry system that will provide all the required financial management reports as well as track all transactional activity in the business.

For more information on Finance and Accounting Services email info@visionmatch.co.uk