'Pay as you go'
Pay as you go is a new and innovative service where you can benefit from having highly qualified professionals manage the financial function of your business without the commitments or costs associated with employing staff.
The service is similar to that of a contractor/part timer/interim resource solution for businesses that wish to remain aware of their performance without paying the financial cost.
There are three levels of professionals who are available: -
- Bookkeeper
- Management Accountant
- Financial Controller
The Benefits
On average, an accounting/finance employee is utilised for only 76% of their time; by operating on a variable fee model such as the “Pay As you Go” service, you can save 24% of their salary plus save the additional costs involved in employing staff.
There are vast savings available to businesses of all sizes using a “pay as you go” service. It is considered a rule of thumb that there are additional costs, amounting to 40%-100% of salaries, which cover holidays, NIC, sickness, training, etc.
Click on our cost saving model to highlight the potential savings of using our service instead of employing someone under PAYE.
In essence, it is a no-commitment, pay-for-what-you-need, service.
On average, an accounting/finance employee is utilised for only 76% of their time; by operating on a variable fee model such as the “Pay As you Go” service, you can save 24% of their salary plus save the additional costs involved in employing staff.
There are vast savings available to businesses of all sizes using a “pay as you go” service. It is considered a rule of thumb that there are additional costs, amounting to 40%-100% of salaries, which cover holidays, NIC, sickness, training, etc.
Click on our cost saving model to highlight the potential savings of using our service instead of employing someone under PAYE.
In essence, it is a no-commitment, pay-for-what-you-need, service.
- Be flexible in the recession so you can adapt to changes in demand for your business
- Reduce overheads, without losing your ability to manage your finances effectively, and have right the information to make the right decisions.
- Don’t be committed to paying set salaries
- Don’t have responsibility for Employer’s NI costs
- Don’t worry about providing cover during holiday periods
- Don’t have to worry about recruitment costs (20% of first years salary)
- No lengthy notice period is required
- Avoid training costs as all training is managed by The Local Bookkeeper
The Local Bookkeeper has a cost effective solution where you can benefit from having highly skilled financial professionals involved in your business, on a regular basis, without the commitment and costs.
How it works
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Contact The Local Bookkeeper to discuss your requirements
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You can engage one of our “pay as you go” resources:-
- Bookkeeper – click here for an overview
- Management Accountant – click here for an overview
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Financial Controller – click here for an overview
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The estimate of the cost will be provided to the client and will outline what services will be delivered, in a formal quotation.
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The Local Bookkeeper will start working with you to an agreed schedule to resolve any immediate issues
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A letter of engagement will be provided, that states what the franchisee will deliver and the clause relating to notice period will be adjusted to reflect the fact there is no notice period required.
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The franchisee will maintain a timesheet and produce an assignment schedule which will still be used to demonstrate what is being done.
- The client will receive a monthly invoice for the services delivered by the franchisee.
You can terminate the service at anytime
