+44 (0) 7771 502252
+44 (0) 20 7968 4457
info@virtualbeans.co.uk

Frequently Asked Questions

  • Why should I use Virtual Beans instead of another virtual accountant or virtual financial director?

    We like to think we operate a bit differently. We take the time and trouble to understand your business, your plans and aspirations. Of course we’ll deal with how your business performed last year and take care of submitting your accounts and returns, but we also get really, really excited when we can talk to you about the here and now and help you plan the future.

  • How does Virtual Beans pricing work?

    Are you wondering if you can afford the services of a good and highly experienced accountant or finance director? The answer is that you can, with Virtual Beans. Let’s arrange to discuss your needs and how to keep things as simple yet as powerful as possible. We can then set a fixed monthly fee so that you don’t need to worry about being billed every time you pick up the phone just to ask us a question!

  • What types of business do Virtual Beans work with?

    We work with SMEs of all shapes and sizes. Although no two businesses are the same, we have specialist knowledge in hospitality, real estate development and construction, media, TV, branding and licensing, care homes and financial services. However, we use our depth and breadth of experience to bring fresh thinking and insights across all industries. 

  • Can you prepare my annual returns and accounts?

    Yes, of course. But if you prefer to stay with your existing accountant, that’s no problem; we can work together with them. We’re here to be your day-to-day sounding board and help you future-proof your plans and ideas. 

  • Will I need to change or upgrade my accounting software?

    No, it’s entirely up to you. We work will all the major accounting software providers such as Xero and Sage.

  • My business books are a complete mess. Is that a problem?

    We love this sort of challenge! No matter what state your accounts are in, we’ll get  you up-to-date and into shape in no time.

  • Is there anything that Virtual Beans don’t do?

    Virtual Beans offers the full spectrum of accounting and financial planning services from basic book-keeping, VAT returns, payroll, annual and management accounting through to the more specialist side of things if you’re starting up a new venture, expanding through a merger or acquisition, or retiring and exiting your business. 

  • Can you help me with fund raising?

    Yes, we’d love to. We have an established list of funding sources, from high street banks to more specialist equity and venture capital providers. We can help you prepare the necessary information, cash flows, business plans and forecasts, help you present and pitch your proposal, and also manage your banking and fund provider relationships. 

  • My business is facing considerable challenges. Help!

    We pride ourselves in our experience and track record of turning around underperforming (or even) distressed businesses. Call us and we’ll provide a strategic plan – and a sympathetic ear – to get you through your tricky times. We also have a lot of experience with alternative funding options, if that’s a relevant option.

  • Things have become so bad, I don’t think I can carry on

    Don’t worry: we’re right here for you. We partner with specialists who will assess your situation and create a viability or rescue plan. For example, through restructuring your business or refinancing. Another option is to help you with an insolvency procedure, such as through a voluntary arrangement, pre-pack or liquidation. The main thing is not to leave things too late but to get in touch as soon as you feel there’s a problem. 

  • What is cloud-based accounting?

    It just means everything is done virtually. It’s simply online accounting software that’s hosted on a remote server. Virtual Beans partner with leading software providers for a paperless, streamlined and totally secure process for sending information. You’ll be able to upload paperwork for us quickly and efficiently. And we can do the same in sending reports and documents for you to check and approve..

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