In-house accounting and finance function

YRH Finance Team works with business leaders to professionalise their finance function and improve their business reporting and financial management, which enables them to make more profit and improve cash flow while reducing risk; they choose not to do compliance accounting or tax.

YRH knows that many businesses don’t need, and shouldn’t have to pay for a full-time in-house finance manager – they also know they struggle to recruit good people. By enabling clients to access and implement finance function best practices, and by working with expert, business-experienced finance professionals who work alongside them in the business on a part-time basis, YRH helps them unlock the growth potential of their company.

YRH works in partnership with firms of accountants, providing in-house accounting services to business leaders. They identify, diagnose and fix the critical issues that prevent the in-house finance function from operating effectively. YRH helps the business build its in-house finance function so it is fit for its next stage of growth – providing intelligence to help business leaders make the best-informed decisions that enable them to improve profitability and cash flow.

YRH then goes on to create and manage the financial processes and systems to produce timely, accurate numbers and reporting. This means that the business can be managed more effectively and better decisions can be made. They then maximise the value created by actively optimising the processes, systems and reporting as the business grows and new challenges are faced.

YRH Finance Function Health-Check

As a first step to help business owners get a real understanding of their finance function, YRH has developed a self-complete Finance Function Health-Check. It takes just 10 minutes to answer some rapid-fire questions about how a specific finance function is operating – this generates a health-check score and personalised report that’s made available immediately which starts to uncover the challenges within the existing finance function.

The report highlights where the finance function is performing well and where action is required. We also include some ideas for improving your finance function. No-nonsense advice for Finance Function Success!

It’s a useful tool to help any small business identify and prioritise actions that will help to create more cash, more profit, at lower business risk.

Benefits for accountants:

• Increase your reach for more clients to drive additional revenue for your practice
• Save time on mundane activities to allow you more focus on the value add you can bring
• Make your job quicker so your best people waste less time resolving minor issues and queries – YRH provides a clean set of books and balance sheet reconciliations at year end – the only year-end adjustment should be the CT – less hassle for you and higher margins (*up to 40% reduction on audit/annual accounts preparation time)
• Increase client retention by making your services more embedded with your clients’ leadership
• Match your services to the needs that we find within our client base