SERVICE-BASED

BUSINESSES

OUR SERVICE-BASED BUSINESS EXPERTISE

We’ve acted for a range of brilliant businesses across the services sector, including recruitment businesses, estate agents, IT businesses, consultancies, financial advisors, marketing agencies, and software developers. So, we’re confident we can help your professional service business thrive.

Handling service-based business challenges

Tracking job profitability

As service-based businesses ourselves, we understand the unique nature of running a business with fixed personnel costs and variable income streams. What’s more, when you make or buy a product, it’s relatively straightforward to track the profitability of each item. However, tracking the profitability of customers and projects requires accurate tracking of team utilisation recovery rates and a system for calculating pricing. 

Performance-related pay

In some areas of the service sector, performance-related pay is commonly used, adding an element of variability to the fixed nature of team costs. Performance-related pay is usually linked to targets such as sales and requires accurate recording. For e.g. tracking categories in Xero can be used to track team members’ sales and integrate this reporting into the payroll process. 

Managing working capital

Managing working capital can be challenging for service businesses. Knowing when to bring in new team members is a key part of growth – too late, and you’ll be unable to meet customer demand, but too early, and you’ll be carrying unnecessary costs. To help manage this, having an up-to-date financial forecast that includes profit and loss, balance sheet, and cash flow is a key tool that we support our clients with. 

Reviews

Andrew Wallis 

OBE

Unseen, UK

As the charity was rapidly growing we needed to improve the financial controls and reporting and then management to ensure we were and remain a well-run and financially knowledgeable organisation. By working with Portt & Co, we achieve this and more. As they are the experts, we don’t have to waste valuable time distracted from our mission as we know they have got our back always.

Warren Madlin

MadlinHanna

Knowing the need we had for a highly personal, flexible and credible accounting partner, a contact of ours put us in touch with Matt Portt. Ever since, there has been no reason to look elsewhere. I see Matt and the team as our safety blanket, making sure we never fall foul of the rules and constantly going beyond the call of duty.  I rely on Portt & Co to do what they are experts at, freeing up the time I desperately need to focus on my own expertise and deliver for my clients.  

Harriot Pleydell-Bouverie

Mallow & Marsh

Portt & co have been fantastic for us. They started off just doing some basic book keeping for us, which they not only perfected, but went above and beyond and helping recommend areas we could improve / develop. We then brought them on to help us develop our reporting and monthly accounts and help manage all day to day finance – they’ve been instrumental in delivering excellent financial management for the business.

WHO WE SUPPORT

CHARITIES

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CONSTRUCTION
COMPANIES

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FMCG BUSINESSES

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B CORPS

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SERVICE-BASED
BUSINESSES

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OVERSEAS COMPANIES

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OUR SERVICES

CARBON ACCOUNTING 
& BOOKKEEPING

Get the accurate and timely CO2 and GHG emissions data you need to reduce your organisation’s environmental impact, meet customer and regulatory requirements, and save money.

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OUTSOURCED FINANCE DEPARTMENT

Receive quality financial data that will help you make the best decisions for your organisation – while saving time and worry. Check out our outsourced accounting, bookkeeping, management accounts, payroll and financial strategy services.

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