6 ADVANTAGES OF OUTSOURCING YOUR BOOKKEEPING SERVICES

Bookkeeping is a core accounting function that involves recording a company’s financial transactions, such as bank payments and receipts, logging sales and purchase invoices, analysing expense and mileage claims, and reconciling bank accounts and credit card statements. Traditionally, bookkeeping was handled by semi-qualified accountants. However, with the rise of accounting software and automation technologies, many…

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WHEN SHOULD YOU CONSIDER SWITCHING YOUR INVOICE FINANCE PROVIDER?

There are many different invoice finance providers in the UK that offer funding for contract and temporary placements, including banks, factoring companies, and pay-and-bill providers. Each provider has its own risk policy that determines which debts they can fund, how much funding they will offer, and how they charge for funds in use. This means…

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WHAT IS A PERSONAL GUARANTEE ON AN INVOICE FINANCE ARRANGEMENT?

Hand on heart

Invoice finance is a staple of the recruitment industry for agencies making contract and temporary placements. These bridge the funding gap between when the candidate needs to be paid before the client makes payment. These facilities grow as the agency’s turnover increases and are a great way to provide the funding required. To secure an arrangement,…

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MAYACHI’S FIRST TEAM CONFERENCE – How Did It Go?

MAYACHI's First TEAM Conference

The annual TEAM Conference was held at Chesford Grange Hotel in Kenilworth on Friday 7th June 2024 for the members and service providers within the TEAM Network. TEAM celebrated its 30th anniversary this year and the event was a celebration of the achievements within the network along with providing the members with valuable insights into…

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10 TIPS ON STARTING YOUR OWN RECRUITMENT AGENCY

recruitment

Each year, more than 8,000 recruitment companies are formed at Companies House with many of them being set up by first time Directors. These Directors are often top-billing recruitment consultants who are fantastic at making placements but have very little experience of running their own company. If you are considering setting up your own recruitment…

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