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Financial Services
(Virtual Finance Director)
Many Credit Unions are unable to afford a Finance Manager but still need someone to complete this key role. We can assist by providing financial services to the Credit Union that meet your needs. Our Credit Union Financial Services can help provide your Board and Management with the accounting and finance support they require. This can be a cost effective alternative for many Credit Unions. We provide this service for a number of not-for-profit organisations who have found this an effective and efficient service. Some of the areas where we can assist with are set out below. We will tailor the service to what you are looking for and you can choose which elements to include.
Accounts & Reports
We will produce management accounts and financial reports tailored for your Board. This will include keeping depreciation, accruals and prepayments up to date and providing detailed financial commentary to explain the results and their implications. We can also prepare your annual accounts for your auditor.
Regulatory Returns
We assist Credit Unions with the preparation of their quarterly returns and other regulatory returns. We are up to date with the latest reporting requirements and the regulators requirements.
Business Plans
We can provide financial projections and business plans for your Credit Union. The financial reports we provide will track your performance against budget throughout the year. Click the icon above to see more details of our Business Plans service.
Advice
We can provide you with indepth Credit Union accounting and financial advice. We can then help you fill the role of finance manager.
Processing Invoices
We can also deal with the processing of invoices. Using the latest technological developments we can do this in a cost effective manner. It is optional if you wish this included.
Payroll
We can process your payroll if you require. We currently carry out a payroll processing service for over 200 clients including a number of Credit Unions. Click on the icon above for more details on our payroll service.
Bank reconciliations
We can deal with bank reconciliations for your Credit Union if you require. We will discuss your processing and help implement a system to make this straight forward and easy for all parties.
Contact us to discuss your requirements and how we can tailor a service to meet your needs.
Contact
Steven Cunningham CA CCIBS
Tel: (0141) 204 8984 sc@alexandersloan.co.uk