Case Studies – The Complete Accounts Department

CASE 1 -THE COMPLETE ACCOUNTS DEPARTMENT SERVICE FOR A REGISTERED CHARITY

This organisation, based in Southampton, is a registered charity providing welfare support to the families of people associated with the maritime sector.

Their general secretary approached WBASL in 2004, when their accountant was retiring. The accountant had been employed for 2 to 3 days per week therefore this had been quite a costly undertaking for them.

With several million pounds invested from which grants and support is allocated it was also imperative that the quarterly reports produced for the trustees were 100% accurate and timely.

WBASL has now completely replaced their accountant. This means we provide all the day-today accounting support for them.

We review and monitor and report on the investment portfolio, deal with all book-keeping issues, payroll etc and provides accurate and comprehensive reports to the Board of trustees on a quarterly basis.

Our fees for this service:     £1,175.00 plus vat per month

 

CASE 2 THE COMPLETE ACCOUNTING SERVICE – Medical Support Specialists

 This company based outside Salisbury specialises in providing medical support solutions in remote parts of the world.

 Yhey undertake the complete process of setting up and running field hospitals. This includes supplying the doctors, nurses and the medical equipment for these. Previous projects have included a large project inDarfur looking after the medical needs of the peacekeeping forces deployed there. In contrast they supplied medical support for the film crew of the last Mission Impossible film.

The Directors approached WBASL for help when their accountants were not delivering and yet they were charging them substantial fees.

WBASL has provided them with a complete accounts solution from processing and controlling all the day to day accounting processes and transactions (in dollars, euros sterling and rand) to completing statutory accounts, corporation tax computations and attending to issues related to personal tax.

This company is expanding quickly and is reassured in the knowledge that we are able to grow our support to them, as their business requires.

Our fees for this service:     £975.00 per month    

 

THE COMPLETE ACCOUNTS DEPARTMENT – Specialist Veterinary Referral Practice

This firm of veterinary specialists is based in central Hampshire. They provide a multi-discipline veterinary referral centre for cats and dogs providing the highest quality of surgical and medical care. The clinicians are nationally and internationally recognised specialists in their field. This business is highly successful and expanding very quickly.

They approached WBASL in March 2007. Their existing accountants provided a traditional book keeping and accounting services for them but this was costing a lot of money and failing miserably – they had never received a set of accurate management accounts!

 WBASL was appointed to provide the all encompassing accounts department service – dealing with all accounting and payroll aspects of the business from the processing and payment of purchase invoices, through to monthly management accounts, budget preparation, statutory accounts production and corporation tax computations.

 We also advise the Directors on personal tax matters.

 This is what they have written about the service they have received from WBASL since their move to us:

 “We have found the staff at WBASL to be friendly, helpful, available and easy to work with. As a fairly new company it has been very satisfying to see the changes and systems which have been put in place by WBASL in a short space of time. Their knowledge, organisational skills and efficiency with book keeping, accounting and payroll have been very beneficial in assisting the smooth running of our company. We are very appreciative of their attention to detail and ability to deliver on time.”

Our fees for this complete service:    £2,125.00 plus vat per month.

 

CASE 4 THE COMPLETE ACCOUNTS DEPARTMENT – Construction Industry

This company provides mechanical engineering services to the Construction Industry, working on contracts for major supermarkets and hotels in Hampshire and beyond.

We undertake all daily accounting tasks for this company. We manage their weekly, fortnightly and monthly payrolls and we ensure that this company is fully compliant with all CIS tax returns, vouchers etc.

 We produce monthly management accounts, advise on all tax matters, both business and personal and produce the statutory accounts for this company.

 We are the registered office for this company and we also provide Company Secretarial services.

Our fees for this service:    £800.00 plus Vat  per month