Outsourced Finance
Weather any storm, delegate to the experts and rest easy with support from a 5-star rated cloud accounting firm.

Jump to:
- Looking for an Outsourced Finance Function?
- What is financial outsourcing?
- Ask yourself…
- What Can You Outsource To Us?
- Why outsource to another company?
- Cut Costs & HR Headaches
- Innovative Tech
- Customised Reporting
- How much does it cost to outsource an accountant?
- What does an outsourced bookkeeper do?
- What Can I Save?
- Our Outsource Ethos
- Customised Reporting
- Proactive Timekeeping
- Let’s Hear It Again!
- Smart Outsourcing: pay for what you need
Looking for an Outsourced Finance Function?
What is financial outsourcing?
Financial outsourcing is the practice of hiring external talent to manage day-to-day accounting for your business. Entrepreneurs unburden themselves of tasks like bookkeeping, payroll, and cash flow management, entrusting them to professionals. This helps keep costs low while allowing business owners to focus on areas where they truly excel.
Ask yourself…
Why spend thousands on salaries when our accountants have got you covered. Gro offer a full outsourced finance function. If you are a growing business or looking to scale up then cash flow management can be one of the most challenging areas.
What Can You Outsource To Us?
- Bookkeeping on a weekly or monthly basis
- Payroll
- CIS returns
- VAT returns
- Business systems, business plans, business development/consulting
- Cashflow planning/forecasts
- Entry-level online marketing

Why outsource to another company?
Cut Costs & HR Headaches
One big draw is that we don’t get sick! No pensions, no sick pay and no need to worry about employment law and Human Resource headaches.
Innovative Tech
Gro Profit First utilise up to date technology and apps to make the whole process and easier and efficient as possible. Xero, Receipt Back, Futrli, Chaser, Trello, Float, Hubspot, Zapier, Infusionsoft, Office 365 and Cognito Forms are just some of the apps we use to make this all happen. Our team members can provide the roles of a purchase ledger assistance, credit control (we use Chaser to maximise this process), management accountants and also the finance director role.
Customised Reporting
If you want to go far beyond the standard reporting lines then we also have you covered. Gro use Futrli to create personalised performance dashboards to report your Key Performance Indicators (KPI’s) in real-time. A lot of businesses fail to see the value in looking at non-financial information and how to integrate this into your reporting pack. We help you to ‘measure what matters’ in your business.
Another popular app we use is Float. This is our preferred app choice to track and manage cash flow forecasting. Combine with Xero the results is an extremely powerful reporting tool. Cheltenham Tax Accountants also have experience in process optimisation and automation. Infusionsoft is a key part of this service and we can help it to automate your business.
How much does it cost to outsource an accountant?
The investment for an outsourced finance department accountancy solution can vary greatly depending on your needs and the size of your business.
You should typically expect to invest anywhere between 1 and 4% into the finance function of your business. Outsourcing this to an outsourced finance department and accountant solution can reduce these costs by at least 40%.
What does an outsourced bookkeeper do?
An outsourced bookkeeper is typically how we describe the support provided by an accountant or bookkeeper who is not part of the in-house team. However, for larger businesses, a simple outsourced bookkeeping solution is often not enough, so we would refer to this as an outsourced finance function and accounting service where we build a dedicated team to support your business and help it scale more efficiently.
What Can I Save?
Depending on the size of your business you can save £000’s from outsourcing your bookkeeping, VAT, payroll and other responsibilities to us. Savings can typically range from £500 a month to £5,000 a month depending on the size of your business and its needs.
Our Outsource Ethos
Customised Reporting
If you are an owner of a growing business then the chances are your time is squeezed. Putting in the blood, sweat and tears is all part of the journey right?
Yes and NO. Cash is king and let’s never ignore this, however if you are always the person trying to wear every hat in the business such as the person who does the work, the marketing person, the bookkeeper, the tea maker, the cleaner etc etc then you will forever be a slave to your business.
Proactive Timekeeping
Time is finite, and there comes a critical mass where you need to make big decisions. Rather than react to it, you must be intentional about how you spend your time.
The key question is “…is my time best spent on bookkeeping or can I be of greater value elsewhere within my business?”. Chances are you need the latter.
If your time is better spent bringing in more clients, better clients and developing the business then financial outsourcing is for you.

Let’s Hear It Again!
Some of the main benefits of outsourcing include:
- Free your time to develop the business
- Have more time with your family
- Better work/life balance
- Scale as your grow
- No need to hire staff
- Save costs from hiring
- Get better and more regular information
Smart Outsourcing: pay for what you need
The main benefit of using an outsource service is that you only pay for what you need when you need it. As your needs increase we can scale our services to suit your exact requirements.
Book a free meeting or call to discuss your requirements.