How we improved productivity of a small UK accountancy practice

How we improved productivity of a small UK accountancy practice

Client overview

The client is an ICAEW member and PCG accredited Chartered Accountancy firm. They specialise in IT contractor and freelance accounting and deal with all aspects of accounting for these clients including business and personal tax planning, bookkeeping, annual accounts, payroll, VAT, self-assessment returns and company secretarial. They have a client base of over 400

AT A GLANCE

50% cheaper than in-house.

Using QXAS, our client were able to:

  • Introduced efficient planning and work flow management.
  • Improve turnaround time
  • Get better control and clarity on financial processes

The challenge

High staff turnover and training cost were key issues; as a fairly remotely located practice they faced a consistent problem of training staff that then left for higher salaries elsewhere once they qualified.

Their practice management and automation of tasks was poor and at the time they outsourced the services to us they had 90 outstanding client accounts to complete. Their main reasons for outsourcing their work to QX Accounting Services were cost, improving efficiency and to improve practice management.

How we helped

After successful completion of the trial job, QX produced a detailed plan for the next 12 months involving special tasks and stages with agreed milestones and review points. We completed the plan via email, video conferencing and Skype calls and was based on both QX and client experience. Over the first 4-5 months we:

 

Services delivered

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