Accounting / Admin Assistance with Splitting out Company
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- Proposals: 15
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- #435042
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Description
Experience Level: Intermediate
Description of support work: Hi there,
We have a situation where we have grown a division within our company that now needs to be split out and put into its own LTD Co. Our own accounting/management resources are extremely stretched and so its not realistic for us to do this in house (properly).
The main aims will be:
1 - Configure new company on Sage Line 50 (Nominals, Chart of Accounts etc)
2 - Set up Sales Ledger (all sales records are imported via csv)
3 - Set up Purchase Ledger (very few suppliers)
4 - Create new Asset Schedule (we have never done this right anyway. We have about 250 commercial vehicles as assets. Our accountants have already worked out the technical aspects of transferring to NewCo. Just need them set up on Sage, depreciating correctly etc).
5 - Liaise with HP Funders to get outstanding HP Agreements into NewCo name.
6 - Create Management Accounts templates and process for monthly reporting (the current system we have is over complicated and often the team fall behind. For NewCo, we want a slicker, simpler, process).
7 - Any other bits that need clearing up - bound to be things I have not covered.
I would expect most of the work can be done off site (for instance we have remote desktop access for Sage). However, there will probably be a coupe of days needed at our site in North London, collating data, understanding how the division works etc - it is not complicated by any means :)
You will get full support from the directors for this project. However, we would really need you to be autonomous as possible as we are really stretched for time at the moment.
Recognise it is difficult to put a timescale and price on this. So probably best we work on an hourly rate and I would expect the project to be completed with 2 - 4 weeks. Certainly the vast majority to enable us to begin trading from NewCo anyway.
There may also be the opportunity to work with us further for management accounts and general upkeep.
I look forward to hearing from you.
Extra notes:
We have a situation where we have grown a division within our company that now needs to be split out and put into its own LTD Co. Our own accounting/management resources are extremely stretched and so its not realistic for us to do this in house (properly).
The main aims will be:
1 - Configure new company on Sage Line 50 (Nominals, Chart of Accounts etc)
2 - Set up Sales Ledger (all sales records are imported via csv)
3 - Set up Purchase Ledger (very few suppliers)
4 - Create new Asset Schedule (we have never done this right anyway. We have about 250 commercial vehicles as assets. Our accountants have already worked out the technical aspects of transferring to NewCo. Just need them set up on Sage, depreciating correctly etc).
5 - Liaise with HP Funders to get outstanding HP Agreements into NewCo name.
6 - Create Management Accounts templates and process for monthly reporting (the current system we have is over complicated and often the team fall behind. For NewCo, we want a slicker, simpler, process).
7 - Any other bits that need clearing up - bound to be things I have not covered.
I would expect most of the work can be done off site (for instance we have remote desktop access for Sage). However, there will probably be a coupe of days needed at our site in North London, collating data, understanding how the division works etc - it is not complicated by any means :)
You will get full support from the directors for this project. However, we would really need you to be autonomous as possible as we are really stretched for time at the moment.
Recognise it is difficult to put a timescale and price on this. So probably best we work on an hourly rate and I would expect the project to be completed with 2 - 4 weeks. Certainly the vast majority to enable us to begin trading from NewCo anyway.
There may also be the opportunity to work with us further for management accounts and general upkeep.
I look forward to hearing from you.
Extra notes:
M&I Group Operations
100% (57)Projects Completed
52
Freelancers worked with
52
Projects awarded
41%
Last project
19 May 2021
United Kingdom
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