Fully Managed Finance Department
for Growing Businesses
Streamlined accounts. Stronger cashflow. Better business clarity.
Running a business becomes infinitely easier when your entire finance function is handled by experts. With our fully outsourced finance department service, you gain accurate accounts, stronger cashflow, and complete financial visibility – all without the cost or complexity of hiring in-house staff.
Whether you're scaling quickly, struggling to keep up with financial admin, or simply want a more strategic approach to your numbers, our Outsourced Finance Function provides the end-to-end support your business needs to grow with confidence.
What Is an Outsourced Finance Function?
An outsourced finance function gives your business a complete, fully managed finance department – delivered by qualified accountants, bookkeepers and financial experts who act as your off-site internal team.
Instead of juggling bookkeeping, VAT, payroll, accounts, reporting, and cashflow yourself (or hiring multiple roles), you outsource everything to MCL. We manage your entire financial operation with precision, efficiency and full transparency.
This service is ideal for businesses that want reliable, streamlined financial control without the cost and responsibility of employing in-house finance staff.
What's Included in Our Outsourced Finance Department?
Daily Bookkeeping & Transaction Processing
We keep your books accurate and up to date, ensuring every sale, purchase and bank transaction is recorded correctly. This provides a real-time picture of your financial health and supports faster, smarter decision-making.
VAT Returns & HMRC Compliance
As part of your outsourced finance package, we prepare and submit all VAT returns on your behalf – ensuring full accuracy and compliance with HMRC requirements.
Payroll & Staff Payments
We manage your payroll, pensions and employee payments with complete confidentiality and timeliness, ensuring your team is paid correctly every month.
Monthly Management Accounts
You receive clear, insightful monthly management accounts that help you understand performance trends, financial position, and future risks or opportunities.
Cashflow Management & Forecasting
We track, control and forecast your cashflow so you always know what's coming in, what's going out, and how to plan ahead effectively.
Credit Control
Late payments and overdue invoices hurt your business. We manage your credit control processes to keep money flowing in, reduce debtor days, and protect your cash position.
End-of-Year Accounts & Corporation Tax
We prepare and submit your year-end accounts and corporation tax returns, ensuring accuracy, compliance and maximum tax efficiency.
Strategic Financial Guidance
Your dedicated MCL finance managers provide ongoing advice to strengthen profitability, improve systems, and support long-term business decisions.
Why Outsource Your Finance Function to MCL?
Who Is This Service Ideal For?
Our Outsourced Finance Function is designed for:
SMEs experiencing rapid growth
Businesses lacking time or skills to handle finances in-house
Companies frustrated with disorganised bookkeeping or poor visibility
Organisations wanting better cashflow and financial control
Businesses looking to cut costs while improving financial operations
If managing your finances is slowing you down, this service gives you the structure, stability and expertise you need to move forward.
Financial Services Outsourcing FAQs
Before you decide whether an outsourced finance function is right for your business, it's natural to have a few questions. We've gathered the most common queries we receive from business owners across Essex to help you understand exactly how the service works, what's included, and the benefits you can expect.
What exactly does an outsourced finance function include?
An outsourced finance function replaces your entire in-house finance department. This typically covers:
- Daily bookkeeping and transaction processing
- VAT returns and HMRC compliance
- Payroll and pensions
- Monthly management accounts
- Cashflow management and forecasting
- Credit control
- Year-end accounts and corporation tax
- Strategic financial guidance
With MCL, all these services are delivered by a qualified, fully managed team acting as your dedicated finance department.
Is outsourcing my finance function cheaper than hiring staff?
In most cases, yes – significantly. Hiring in-house staff requires salaries, training, benefits, software, workspace and ongoing management. With outsourcing, you pay a single predictable monthly fee, often costing 40-60% less than maintaining an internal finance team.
You also gain access to a wider skill set (bookkeepers, accountants, tax experts, payroll specialists) without needing multiple hires.
Will I still maintain control over my business finances?
Absolutely. Outsourcing does not mean losing control – it means gaining better visibility. You still make all financial decisions, but MCL handles the admin, the reporting, the compliance and the day-to-day processes.
You receive:
- Real-time financial data
- Monthly reports
- Cashflow updates
- Clear insights and recommendations
Everything is transparent, and you stay fully in the loop.
Is my financial data safe and secure?
Yes. We use secure, GDPR-compliant systems and encrypted cloud accounting platforms such as Xero and QuickBooks. Access levels are controlled, data is backed up, and only authorised team members can view or update your information.
Your financial data is protected with industry-standard security measures at all times.
How quickly can you take over our finance operations?
Most businesses can transition smoothly within 2-4 weeks, depending on their current setup and the complexity of their records. Here's how our onboarding works:
- We review your current systems and processes
- We migrate and organise your financial data
- We set up any required software or integrations
- Your dedicated finance team takes over daily operations
We ensure a seamless handover with minimal disruption to your business.
Outsource Your Entire Finance Function with Confidence
At MCL, we support businesses across Essex with reliable, fully managed finance department services. We provide the systems, expertise and long-term financial clarity your business needs to run smoothly and grow with confidence.
To find out how our Outsourced Finance Function can transform your business, call us today or send us a message through our contact form.
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