Invoice Discounting Reviews and Audits
Welcome to Invoice Discounting Services
Invoice discounting is a great way to raise finance for your business and MI Accountancy Solutins is here to help
We all know there are times where you need cash flow for a business to prosper.
It might be that you are waiting for invoices to be paid on time or perhaps you have run into some financial difficulty because of ‘slow payers’.
Either way, invoice discounting can provide a flexible solution for your financial issues.
So what exactly is invoice discounting?
Invoice discounting is a way to increase the cash flow you are currently gaining by borrowing money against the value of outstanding invoices.
For many business owners, this can be better than using other forms of financing such as loans or overdrafts.
Our specialist experts can guide you through the process step by step.
Get in touch to learn more about our Invoice discounting services.
We have been working with the team from MI Accountancy Solutions for around 18 months now and we have always been very impressed with their professionalism and the services they provide. Month on month, the management accounts have always been produced timely and accurately.
The team within MI Accountancy Solutions have spent time understanding both our business and the systems that we operate on, this enables them to understand the numbers they report to us, they are not just figures on a spread sheet, they know what they relate to.MI Accountancy Solutions have also been responsible for the running of the year end audit – this has been seamless with absolutely minimal impact upon the time of our staff, this has left them free to continue with their day to day jobs. The wealth of knowledge and skills that MI Accountancy Solutions can offer has been of great benefit to Cerana during some testing times and continues to be so.
They are always available and willing to help, we do not have to worry about holidays or staff absence and their friendly team are a pleasure to work with.All of this is offered for one fixed monthly fee, something which is rare in other professional practices.
MI Accountancy Solutions Add Value!
I have been working with MI Accountancy Solutions for the past 2 years and have found them to be extremely professional and helpful. For a fixed monthly fee I have my monthly management accounts processed, along with my quarterly VAT return and end of year account filing. In fact they have also helped me through an acquisition and the setting up of finance packages, as well credit control. This has resulted in achieving an extremely strong debt turn which has aided to reduce my finance costs while also improving cash flow.
Over the last 2 years they have spent a lot of time understanding me and my business, whilst also learning about the complexities of our industry and volume transactions. This has provided my business with an accountant that has the ability to provide solid management information, and also make further business recommendations and compile monthly analysis on revenue streams and business trends. Unlike other experiences I have had MI Accountancy Solutions always make themselves available and assist as much or as little as I require.
The whole team have great outlook and are fun to work with, and by partnering with MI Accountancy Solutions I have access to several accountants with different technical abilities and expertise. Therefore with one phone call I can usually get the information or answer I require, and all for a fixed monthly fee.
Mark – Director | P2P Logistics Ltd
A very personal approach from the whole team, providing exceptional, detailed analysis of performance along with excellent forecasting and advice. With assistance from the MI Accountancy Solutions team we have been able to refinance the group to ensure that it is in a position to move forward and achieve the business strategies. The interest that the team show in our business and understanding they have has helped to really add tangible value.
Keith Herbert & Barry Vize – Directors | TPS Investments Holdings Group
We originally began working with MI Accountancy Solutions on a new client we were looking to provide funding for, which we initially could not get comfortable with, due to the financials and the debtor valuation being ambiguous.
This particular client was a long established trading business that had historically been profitable, but due to the recession and other competitive pressures were having to work much harder to make the same level of profit and could not work out where the margins were being lost. MI Accountancy Solutions were able to provide a bespoke modelling package that allowed the business to produce pin point MI which was of huge benefit to not only the client but also to us, and most importantly allowed us to unequivocally define and value our asset, which in this case was the debtor book.
Without the thorough and diligent approach taken by MI Accountancy Solutions we would not have been in a position to provide funding and we continue to use MI Accountancy Solutions for new client transactions as well as to assist with our current portfolio.
If you would like to learn more about our services or just simply find out more please feel free to get in touch. You can either fill out our simple contact form below, or alternatively feel free to contact us via one of the methods to the right.