Building a Remote Finance Function That Scales With Your Success

When your business hits the £1 million turnover mark, congratulations are in order – but so is a reality check about your finance function. The accounting software that has no capabilities of integrations just isn’t going to cut it anymore. The approach that got you this far won't sustain the growth ahead. It's time to build a finance function that scales with your ambitions, not against them.

The £1M+ Finance Challenge

At this level, you're juggling complex cash flow patterns, multiple revenue streams, supplier relationships that can make or break your margins, and compliance requirements that keep expanding. Your current setup probably involves:

• A part-time bookkeeper drowning in transactions

• You personally chasing invoices and managing supplier payments

• Month-end becoming a week-long ordeal

• Financial reporting that's always playing catch-up

• Cash flow surprises that shouldn't be surprises

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Sound familiar? You're not alone, and more importantly, you don't have to stay stuck here.

Why Remote Finance Functions Win

The smartest growing businesses are discovering that a remote finance function isn't just cost-effective – it makes total sense. Here's why:

Expertise Without the Overhead Instead of hiring one expensive finance manager who might excel in some areas but struggle in others, you get access to specialists in bookkeeping, cash flow management, compliance, and strategic planning. No recruitment headaches, no pension contributions, no office space requirements.

Scalability Built In Need more support during busy periods? Done. Expanding into new markets with different compliance requirements? Your remote team adapts. Traditional employees require months of notice, training, and integration. Remote finance functions flex with your needs.

Technology-First Approach At LJM Bookkeeping we live and breathe automation because it’s what drives us. This means your finance function becomes more efficient, not less, as you grow. Cloud-based systems, automated workflows, and real-time reporting become standard, not aspirational.

The Steps to Success

1. Automated Transactions

At LJM Bookkeeping we love implementing systems that capture, categorise, and process transactions without manual intervention. Tools like Xero integration with your banking, automated invoice processing, and smart expense categorisation turn your transaction chaos into organised, reportable data.

2. Proactive Cash Flow Management

This is where many businesses stumble because you can’t always have your eyes on your finances. At LJM Bookkeeping we’re dedicated to monitoring your accounts. We spot things you’d never have noticed, we see trends and help you adapt.

3. Strategic Payment Collection

Late payments kill growth, especially the more you scale. At LJM Bookkeeping we suggest ways to get paid quicker, such as the introduction of Adfin or GoCardless so clients have to set up a direct debit. Payments are automatically taken each month so there’s no having to chase the payment.

4. Supplier Relationships

Managing supplier payments strategically can improve your cash flow by 15-20%. We can help to negotiate payment terms with suppliers, implement approval workflows, and ensure you're taking advantage of early payment discounts where they make sense.

5. Real-Time Financial Reporting

With the use of Xero and specific integrations bespoke to your requirements we can ensure you have access to real time data when you need it. That means no waiting around to make those important business decisions and no second guessing whether a decision you’ve made is the right one, because it’s informed and accurate. 

Making the Transition

The shift to a remote finance function doesn't happen overnight, but it doesn't need to be disruptive either. The best approach:

Start with your biggest pain point – this could be your monthly bookkeeping

Implement systems gradually – We can make suggestions of ways to automate your current processes and introduce new software gradually so as not to overwhelm you.

Maintain oversight without micromanagement – You'll get regular reports and have access to real-time data, but the day-to-day management becomes our responsibility.

Plan for growth – Your remote finance function should be building systems that work at £2M, £5M, and beyond, not just solving today's problems.

Your Next Step

Building a finance function that scales with your success isn't about finding the cheapest option – it's about finding the smartest one. AT LJM Bookkeeping we become a partner in your success. We have our eyes on your finances, help you to make the best decisions and give you access to the latest software to increase productivity and efficiency.

Ready to explore how a remote finance function could transform your business? 

The conversation starts with understanding your current challenges and growth ambitions. Because at £1M+ turnover, you've proven you can build something remarkable. Now it's time to build the finance function that ensures it stays that way.

Book a call