Doctors, engineers, consultants, insurance brokers and other service providers need a finance cycle built around service revenue. We start with how the service is delivered, priced and collected, and which costs are genuinely connected to the activity.
Connect the service to revenue and collection
A service may be paid in cash, by transfer, through a platform or by a contracting company. We organise a record that explains the revenue source, service timing, collection and outstanding balances.
- Revenue sources and types of service.
- Collection methods and relevant bank or payment accounts.
- Outstanding amounts and delayed collections.
- Commissions or deductions by intermediaries where applicable.
Professional expenditure needs classification and evidence
Rent, staff, tools, software, marketing and travel should not sit in one undifferentiated list. Good classification improves both management reporting and document review.
- Direct costs connected to delivering the service where relevant.
- Operating and administrative expenses.
- Assets or equipment used over longer periods.
- Marketing, technology and professional subscriptions.
A team adds a payroll cycle
Employees or assistants introduce a separate cycle for staff records, attendance, pay components, deductions and employee-related obligations.
- Organised employee master data.
- A defined payroll close and review process.
- Reconciliation of payroll to accounts and payments.
- Payroll tax, annual settlement and social insurance within the agreed scope.
What should the owner see?
A concise view of revenue, collections, expenses, cash and obligations is more useful than relying on the bank balance alone.
Book a session to discuss the operating cycle and professional need →