Financial Services

Financial Services

We are professionals in the finance industry and we can offer a number of financial services to make sure your spending money appropriately.

Finance Management Company

Finance Management Company

We are a specialist finance management company who can complete various services for businesses and individuals.

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Financial Services

We are expert accountants who specialise in financial servcies and that take away the stress of dealing with your accounts, so you're able to spend more time growing your organisation. It can sometimes be difficult to find an accountant who you can put your trust in to handle your business accounts. We will supply a service that is suitable for the business, so you know that the accounts will be in the best hands. Our company has assisted a lot of small enterprises and also brand new companies therefore we have a great deal of experience in dealing with different kinds of customers. Our accounting experts are qualified to handle a range of tax concerns and other financial demands. All of our customers are taken care of equally and we try to supply a high quality and consistent service which is customised to suit particular needs. Our specialists work alongside you and make sure that your accounts info is detailed, correct and ready on a punctual basis; all this at a reasonable cost that is closest to your budget. For additional details on everything we offer as expert accountants, please get in contact now. Just fill in the contact form and we’ll come back to you to explain what we can do and devise a strategy for your business.

Prepaid Financial Services

The majority of companies are instructed to develop a collection of accounting information a minimum of once per year. These records will then form the basis for the tax return that tells HMRC how much tax tax must be paid. Organising and distributing your accounting information is a responsibility, but it can even be used for keeping track of information on your company. They can help you see whether your company is developing well and if there's anything that can be upgraded. Our team provides an expert service to manage your company accounts and help you keep on top of your payments and profits. By allowing a skilled accountant to deal with this procedure, you may actually save money. There is a large amount of information comprised inside a set of accounts that may be assessed to boost your business.

Prepaid solutions for individuals:

There is no better way to take foreign currency overseas, than on a prepaid card. Simply buy the currency you desire before you go, and you will lock in your rate. Buying the currency is as simple as loading your card at 1 of thousands of load points, or register your everyday bank acct or debit card of choice - then you simply transfer money to your card any time via a secure website.

Using your card Overseas

Your travel card functions exactly like a local's card. For example, when you visit the Eurozone, your PFS Euro Prepaid Card will function exactly like a card from that country, you will not be subject to currency conversions or commissions on your purchases. You'll be able to use it at restaurants, shops, ATM's etc. just like you use your everyday card at home. No more trying to calculate exchange rates on the go, you are actually purchasing in the local currency.

Safe and secure

Traveller's cheques are very much a thing of the past. The growth in Prepaid cards for travel has exploded, and with good reason. Cards are more widely accepted, you don't present your passport and sign anything to authorise and card's are smaller, easier and fit in your wallet/purse. No hassle, no fuss, just a single card and you're away. Simple.

Not linked to your bank account

Cards are prepaid, meaning they have no credit or loan facility alongside. This means you can only spend what you load. What you load, is what you can access, that's it. In the extremely unlikely event someone did obtain your card AND got access to your security PIN, the maximum amount accessible is the loaded amount (or the daily limit of the card).

Emergency functions

Prepaid solutions for a business:

Business Cards can be used as a solution to recurring payments - E.g. payroll, incentives and prepaid expense cards. Many companies' workforce could benefit from direct deposit on a Prepaid Payroll Card.

For the employer, it provides the opportunity to cut costs on processing payroll. This is especially true in those industries where significant numbers of cheques are produced and distributed. By providing a prepaid card for payroll, the employer is able to load that card with the employee's wages within minutes, efficiently and cost effectively.

The employees receive the funds on a card rather than having to cash a cheque and it gives them access to shopping on the Internet or through the traditional retail environments. Cardholders do not need to carry cash around.

For the non-banked, this solution removes the inconvenience and cost of exchanging cheques for cash, whilst providing similar benefits to a Debit Card such as access to the online world of payments.

Cash Management

Prepaid Financial Service enable you to deposit the weekly/monthly payroll to a settlement account. Funds are held in a settlement account. The card is significantly easier to manage for all in the value chain. This is especially true in those industries where there is a high employee turnover or employees are transient workers.

Prepaid solutions for goverment:

From April 2013, the Department of Work and Pensions will be handing over the responsibility of making Crisis Payment and Community Grants to Local Authorities. This follows the changes implemented via the Welfare Reform Act 2012 which abolished the discretionary Social Fund and introduced payments on account to replace Crisis Loan alignment payments and eventually Budgeting Loans as well, and paves the way for delivery of new local services to replace Community Care Grants and Crisis Loans for general living expenses.

The funding is not "ring-fenced" for any purpose, but the Government has advised Local Authorities what it expects the funding to be used for, the underlying principles, and the new initiatives are expected to deliver a range of positive impacts; providing a more responsive and integrated service for local residents.

The Challenge for Local Authorities

The new regulations pose a number of challenges for Local Authorities as summarised below

  • Implement a solution that complies with the new regulations.
  • Find a mechanism to dispense one off payments effectively.
  • The solution should allow for spend to be tracked.
  • The solution needs to be implemented and in place by April'2013
  • All of the above needs to be achieved cost effectively to meet government outlined austerity objectives, in the new economic climate.

Real Time Integrates Solutions from PFS

The dedicated Local Authority and surrounding area authority, prepaid solutions provided by PFS are designed to help Local Authorities meet these challenges head-on. Key features include

  • Prepaid card for one off or recurring loads
  • Cards can be given out over the counter or sent to recipients via post
  • Cards can be loaded in real time or bulk load by the Local Authority for the specific sum
  • There is greater control over spend with the ability to block spend at certain merchants (MCC Code blocking) along with the ability to restrict ATM facilities as well.
  • Cards can have 90 day expiry if required for one off payments or can be valid for up to 3-5 years for longer recurring payment programmes.
  • Local Authority solution can be set up in a matter of days to ensure that they are compliant and meet all regulatory deadlines.
  • PFS can provide demonstrable evidence of the direct financial benefit to local authorities utilising PFS solutions. Examples include one council which had 150k in savings from overpayments in January 2013, compared to 13k in the same period last year in addition to savings of around 5% of their annual spend of £4m on direct payments.

Benefits to Local Authorities Near Me

The benefits to Local Authorities near me are numerous and can be summarised as follows:

  • Fast setup with solution live in a matter of days.
  • Effective solution which directly impacts financials
  • Easy to manage
  • Low cost of set up and run
  • Allows quick and effective reclamation of unspent funds
  • Track all spend without cumbersome monitoring policies
  • Track via exception as opposed to having to track as default with a comprehensive audit trail.
  • Meet compliance deadlines and additional savings generated can be invested in other departments and initiatives.

Benefits to Local Residents

  • Safe and secure mechanism to receive grants, loans and other disbursements and avoid some of the security issues around cash in pocket.
  • Can spend online, in-store and over the phone.
  • Easy to budget and see what is left on account.
  • Fast and effective release of disbursements.
  • No longer need to maintain extensive expense trails on spend as spend is monitored.

Financial Services Authority

Financial records can be produced as frequently as you require them. Therefore, if you want frequent accurate information on the performance of your company then monthly accounts records will possibly be most suitable for your needs. Even so, if the company is quite small and you have an approximate idea of just how well you are doing then you might simply want the standard annual accounts information. Regardless of what kind of company you've got, be it a limited company, sole trader or partnership, a tax return will have to be submitted to state your income to HMRC and to tell them exactly how much tax you should pay. Unfortunately, not completing the tax return on time can result in significant fines and additional interest being built up by HMRC. This is exactly why it’s very important to deal with this ahead of time to be sure things are all completed in time. When asking our team to submit your tax return we are not merely filling out forms on your behalf, there will be a great deal more invovled than that. The specialists will check that everything is precise so that the requirement is right. You should be focusing on controlling and developing your organisation, so allow us to take care of the finances to take the worry away from you. We are here to support with whatever you want regarding accounting for your company.

Finance Service

Finance departments are responsible for providing timely and accurate financial information, protecting company assets, and ensuring compliance with applicable tax laws.

But random work requests received through email, spreadsheets, and calendars; inefficient accrual processes; and the lack of tools to consolidate knowledge and policy can inhibit the finance department from successfully fulfilling its fiduciary responsibilities.

Our Finance Service Management application enables finance department staff to efficiently fulfill submitted requests including financial reports, procurement, and payroll issues; and provides management with visibility into work requests. Dashboards show resource utilization and performance information to give managers the insight they need to make business decisions, prioritize work, and provide better service to the business.

Finance departments near by can improve service delivery with an online finance self?service portal and by streamlining work with automated workflows.

They get visibility into work through comprehensive dashboards that show demand, work assignments, resources, and the status of financial work requests.

The business achieves rapid time to value through fast deployment of a cloud?based service management application that can deliver value quickly and be configured to meet the finance department’s needs over time.

Our Finance Service Management application helps finance departments get control of demand for work and service delivery and enables them to focus resources on strategic priorities.

Contact us

If you want to talk about the financial service price for what we do, be sure to get in contact straight away to talk to an expert. Simply submit the contact box on this page and we’ll send you an email to offer some professional advice.