Parizma Accountants & Strategic Business Advisors

About

Parizma Accountants and Strategic Business Advisors help business owners understand their finances in real-time, helping you make breakthrough decisions in your business. We assist the business owner to tackle any financial business challenges. As a small-medium sized business, you can confidently focus on what you do best and enjoy the lifestyle you deserve.

We offer a £250 charge-free one-hour business forecasting session for all our new clients. This includes business goals and budgeting. Please ask for it when you become our client.

We use cloud accounting tools (Xero) to deliver real-time information for our clients. Clients are able to access the operations of their business from anywhere on the planet. Giving them that peace of mind even when they are on a remote island in Fiji. We have adopted a paperless process making our partners run efficiently and faster whilst saving them time and money.

Are you fed up being stuck in a rut? Are you fed up seeing the same financial results every year but don't know what to do? We have a growth and cash flow generating a tailored solution for you.

Our growth strategies are in 3 categories:

1. Increase in sales
Focus on increasing your clientele value
Increase the transactional sales amount
Increase the number of purchases made by clients

2. Cost Reduction
Focus on the few product or service lines that make, up 80% of your costs
Negotiate with your suppliers or change suppliers for the best deal

3. Strategic Business Structure
Review your business model from Key Partners to Revenue Streams

The Services We Provide:

Company Formation (in England & Wales with advice on England and Wales Company Law)

Bookkeeping (Using Xero or Quickbooks and Automatic Entry Applications for accurate, traceable and fast record keeping. Records can be kept, Daily, Weekly, Monthly, Quarterly or half-yearly)

Cash Flow Management (We ensure that you collect cash from customers fast and quick, have enough money to pay yourself, suppliers, and meet other business expenses)

Annual Statutory Accounts (It is the obligation of UK businesses to file their financial accounts annually with HMRC and Companies House by the deadline - We will take on that responsibility and ensure that you do not incur any penalty from either Companies House (£150 for deadlines missed up to a month)

Tax Computation (We help you claim any expenses allowable for tax and save you money by claiming what you are legally due)

Monthly Management Accounts (We help business owners understand what has happened in the business (Discovering & Reporting) by analyzing the numbers each month so that they can influence (Predict) what will happen in the future.

Payroll (Knowing the right amounts to pay your staff helps you manage and plan your business for the future and that is precisely the role we play with our payroll services.

Business Forecasting and Budgeting (Planning helps you calmly design your success road map on a day by day, weekly, monthly, quarterly or annual basis). Your results are periodically compared to the plan and action is taken to address any variance. Visualizing your plans and seeing the business make that achievement is a powerful tool we use. There is no limit to your business vision.

Business Strategy (There is something unique and different about your business (80% of your sales and profits are contributed by 20% of your customers) and that is why you have those clients, the question is are you taking advantage of your uniqueness and focusing on the drivers contributing to your sales and profits?

Xero Cloud Accounting Integration (Excel and google sheets will not give you the real-time information you need. You may be close but it will take a lot of your time, energy and money that is why we recommend Xero integration. We will do all the hard work for you whilst you concentrate on your business). Note that the change is at the business owner's own discretion after we have made the proposal.

Business Consultancy (This is to help businesses to grow through, increase in sales, cost reduction or business structure)

Virtual Finance Director (Here we assist small-medium sized businesses in an ongoing basis to set long term goals, design a business model, monitor, review the results against actuals, negotiate with key partners and ensure that proper financial controls are maintained)


Why Xero
Xero has made accounting look fun. in Xero's own words beautiful. As a previous Finance Directors in other organizations, We have seen the evolution of accounting systems in the last 20 years. Xero gives every business the functionality of real-time financial information and traceability they need. Like most cloud accounting applications you can access the data from anywhere in the world if only you have an internet connection. Staff in other locations can work on multiple programs at the same time. However, the reason why we like Xero is the opportunity for almost any type of business to use other industry-related applications and yet still have the ability to access their financial data in real-time. This is because of Xero's integration to almost one thousand applications with. Real estate businesses can subscribe to affordable real estate specific applications that help manage tenants and client's properties and have the added luxury of the financial data syncing into Xero in real-time. This is just one industry there are many many more industry applications that have been integrated on to Xero. The average subscription cost of industry-specific applications and Xero is around £400/month (This can be less or more depending on your needs and industry). Contact us about Xero and how it can help your business.

Why Quickbooks
So far Quickbooks is the only cloud application that has in-depth analysis into gross profit per customer and product. Although Xero has a tracking function, the inventory function and allocation of costs form the setup of Quickbooks provides the data needed when it comes to gross margin reporting. Quickbooks is also a good application for law firms and charitable organizations when it comes to setting aside separate accounts for disbursement of funds and cost allocation. Contact us if you want to know more about Quickbooks and how it can help your business.

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