Ryecroft Glenton launches new on-demand accounting and advisory service

Ryecroft Glenton, one of the North East’s largest independent accountancy firms, has launched a new accounting and advisory service to support growing businesses operating in the recruitment sector.

OutsourcedFD provides a suite of accounting and advisory services to recruiters enabling businesses to focus on their core client functions and will allow clients access 24 hours a day, providing the user is connected to an internet device.

OutsourcedFD offers a range of services with core features including Bookkeeping, monthly and quarterly Management Accounts and Payroll. Optional services available to the client include personal tax returns for company owners, corporation and partnership tax returns, budgets and cash flow forecasting and growth and corporate finance advice amongst many others.

The new service is a joint venture between Ryecroft Glenton Corporate Finance and the firm’s accountancy and IT divisions.

Ryecroft Glenton Corporate Finance has established a strong reputation for the provision of strategic and growth advice, which has enabled a number of its clients in the recruitment sector to deliver growth strategies and increase shareholder value.  In addition to advising on acquisitions, disposals, and management buy outs, the practice also carries out company-wide strategic reviews.

Ryecroft Glenton is also a specialist in the provision of cloud-based accountancy systems and became the first firm of chartered accountants in Newcastle-upon-Tyne to secure ‘Gold Status’, from international cloud accountancy technology provider Xero.

Carl Swansbury, partner at Ryecroft Glenton Corporate Finance, said, “OutsourcedFD is just another example of the services that we can offer our clients operating in the recruitment sector. Finances can be daunting at times but they play an important part in any business and with our secure cloud-based system, clients have access to high-quality advice at any given time.

“Preparing monthly management accounts and detailed financial forecasts not only enables a business to understand how the business is performing and which consultants, markets and clients are contributing most to the company’s overall profitability, but it also enables a business to assess and commit to investment and hiring plans more diligently.”

Ian Smith, partner at Ryecroft Glenton, who lead the firm’s IT team, said, ”Increasing our use of cloud-based systems like Outsourced FD contributes significantly towards our growth in the market. We may be based in the North East, but we have developed strong relationships with clients across the UK and abroad, as a result of our combination of experience and commitment to evolve as a business.”

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