IMS Decimal’s services involve capturing, analysing, and presenting data and financial reports comprehensively.
This enables decision-makers to arrive at business decisions more effectively.

01

Pay & Bill and Payroll

Pay & Bill and Payroll are prominent functions of any business and often comprise complex processes. Whether handling billing tasks, reporting, or payroll for temporary and permanent employees, we are equipped to manage these functions in compliance with your country's legislation.

We work with all leading software platforms, enabling us to offer flexible solutions that allow you to choose the service level that suits your business. Our solution produces accurate results and reduces your existing process costs by up to 50%.

Our services include:

  • Fully Managed Payroll Service
  • CRM Integration
  • Time and Expense Capture
  • Contractor Payments
  • Client Invoicing
  • Helpdesk Support
  • Tax Submissions
  • Real-Time Reporting

02

Bookkeeping

Bookkeeping is central to managing your business cash flow and budgeting and requires careful execution. As a low-margin, time-consuming task, having a cost-effective solution is essential to your business efficiency.

Our bookkeeping services are delivered according to your specific requirements. We will review your existing processes and manage the transition to a flexible offshore delivery model, immediately delivering accurate results and substantially reducing existing process costs. We work with all major software platforms, allowing us to integrate with your business seamlessly.

Our services include:

  • Journal Entry and General Ledger Maintenance
  • Accounts Receivable and Accounts Payable
  • Bank, Credit Card, and Expense Transaction Processing
  • VAT Reconciliation and Submission
  • Asset Register Maintenance
  • Multi-Currency Processing
  • Intercompany Processing
  • Accrual and Prepayment Preparation
  • Balance sheet Control Account Reconciliation
  • Real-Time Reporting

03

Credit Control and Collection

Credit controllers build relationships with your clients and enable faster payments, ultimately improving your cash flow. Our controls and processes help your business gain expert support across various credit control functions to protect you from financial risks.

We offer a bespoke credit control service to ensure faster invoice payment, improving your cash flow and reducing the risk of bad debts. We can also support you in the event of non-payment by providing a litigation service.

Our services include:

  • Manage Client Credit Risk Register
  • Produce Statements
  • Correspond With Clients to Determine Payment Dates
  • Resolve Invoice Disputes
  • Manage Escalation Process Where Appropriate
  • Real-Time Reporting

04

Management Accounting and Reporting

In conjunction with our bookkeeping service, we offer additional accounting and reporting services to provide your business with a complete end-to-end finance and accounting function.

Our management function enables you to receive weekly, monthly, quarterly, and annual financial support across the entire spectrum of your business, allowing you to manage all your accounting needs safely and affordably in one place.

Our services include:

  • P&L and Balance sheet Statements Preparation
  • Annual Statutory Accounts Preparation
  • Calculate and Submit Annual Profits Tax Returns
  • Cash Flow Preparation
  • Budget Preparation
  • KPI and Variance Reporting
  • Decision and Planning Support
  • Audit Assistance

05

Accounting and Payroll Consultation Services

Your business must evolve in today’s fast-changing world, often at short notice. 2020 has highlighted the crucial nature of having complete control over your business’ finances for it to realise its full potential.

With our consulting services, our experienced consultants provide a complete check-up on your business’s financial health, identifying inefficiencies and cost-saving opportunities. Equally, if you want to streamline your accounting function, our experts can assist with the planning and transformation.

Our services include:

  • Financial Health Check-Up
  • Accounting Software Consulting and Migration
  • Risk and Compliance Analysis
  • Business Intelligence Reporting
  • Finance Strategy and Transformation

06

Accounts Payable

Accounts Payable ensures efficient financial obligations management, allowing you to focus on core business activities. Accounts Payable manages and records a company's outstanding payments to suppliers and vendors. Our comprehensive range of services streamlines this process, enhancing accuracy, transparency, and cost-effectiveness.

Our services include:

  • Supplier Setup & Maintenance
  • Purchase Order Processing
  • Invoice and Payment Processing
  • Expense Claim Processing
  • Supplier Statement Reconciliation
  • Helpdesk Support

With our relationships and services, you can optimise cash flow management, strengthen supplier relationships, and achieve greater financial efficiency. Let us handle your accounts payable needs while you focus on driving business growth.

07

Accounts Receivable

Managing your accounts receivable efficiently is crucial for maintaining healthy cash flow and ensuring timely customer payments. Our Accounts Receivable Services are designed to streamline your receivables processes, optimise cash flow, and enhance your overall financial performance.

Our services include:

  • Customer Setup & Maintenance
  • Invoicing As Per Guidelines
  • Receipts Reconciliation
  • Receivables Management
  • Credit Check Reporting
  • Stakeholder Reporting

With our Accounts Receivable Services, you can streamline your receivables processes, minimise risks, and optimise cash flow, allowing you to focus on confidently growing your business.

08

Year-end Accounts

Our year-end accounting services provide a comprehensive overview of your business's financial performance over the past year. We prepare financial statements, including the income statement, balance sheet, and cash flow statement, ensuring they comply with accounting standards. These reports are essential for tax compliance, investor relations, and making informed business decisions. We do in-house SMEs like ACCA/CPA, CMA and Chartered Accountants to support all financial requirements.

09

VAT Returns

Value-added Tax (VAT) can be complex and time-consuming to manage. Our VAT return services handle the preparation, submission, and compliance aspects of VAT returns. We help ensure timely filings and navigate the complicated VAT regulations.

10

Payroll & Pension

Our payroll and pension services relieve you of the administrative burden of paying employees and managing pension contributions. We ensure accurate payroll processing, compliance with tax regulations, and seamless pension fund management, allowing you to focus on your core business activities.

11

Self-assessment Tax Returns

Self-assessment tax returns can be challenging, and errors can result in penalties. Our experienced professionals assist individuals and business owners in preparing and file accurate self-assessment tax returns. We maximise tax efficiency while ensuring full compliance with tax laws.

12

Business Tax Returns

Business tax returns are crucial to your tax obligations. Our services include preparing and submitting corporate tax returns and ensuring that your business takes advantage of tax deductions and credits while adhering to tax regulations.

13

Audit Services

Audits provide an independent and objective assessment of your financial statements and internal controls. By evaluating the accuracy and reliability of financial information, our audit services offer stakeholders peace of mind. We conduct thorough audits that meet regulatory and industry standards.

14

Administrative Services

Our administrative services are designed to streamline your business operations. From document management to record-keeping and compliance reporting, we handle various administrative tasks efficiently, allowing you to focus on your core business activities while ensuring compliance with relevant regulations.

Whether you're a small business owner, an individual taxpayer, or a large corporation, our accounting services are tailored to meet your needs, providing financial clarity and peace of mind. Our experienced professionals are dedicated to helping you achieve your financial goals while ensuring compliance with all relevant laws and regulations.

What our clients say:

  • From a leading Construction Recruitment Agency in the UK

    When I was first made aware that the operations teams were based in India; I can't lie - it made me nervous, and this was purely down to my past experiences when calling the customer service departments of big blue-chip clients. But the service from IMS Decimal is totally different. Not only does the team speak perfect English, but their attention to detail is second to none. They make sure every task is completed by the deadline, they triple and quadruple check everything before confirming, and they go above and beyond to assist you where needed. Working with your team has made my business flow and has taken away a lot of stress when it comes to processing payroll and credit control. I couldn't recommend you guys highly enough. We wouldn't be where we are without your support. Keep up the great work, guys!

    From a leading Construction Recruitment Agency in the UK
  • From a leading Recruitment Agency in the UK

    We made a last-minute choice to outsource our weekly temp payroll from April 2020. IMS Decimal's expertise into recruitment agency payrolls was a definite asset when it came to defining the scope of work necessary to export data from our CRM and old payroll software for both the weekly data files and the initial take-on file and implementing payroll for our team. Frequent catch-up calls by video call with the Payroll team to work through the tests and refine where necessary meant that Go Live went without a hitch and to timescales, no mean feat during a short four-day bank holiday week under global COVID lockdown! Service levels to date have been met or exceeded.

    From a leading Recruitment Agency in the UK
  • From a leading Recruitment Agency in Australia

    We engaged the services of IMS 2.5 years ago and couldn’t be happier with their support. IMS Decimal team provide us with key support, specifically around the production of financial management reports. Not only do they provide us with consistent, periodic reporting and analysis, but they are always available when we need to change timescales on delivery and require something urgent. Over the 2.5 years, they have come to know our business, the support that we need and are now providing us with proactive ideas on areas to improve further. Thanks, IMS Decimal!

    From a leading Recruitment Agency in Australia
  • From a leading UK Accounting Firm

    I just wanted to say how extremely pleased and proud I am with the way payroll has gone over the last few weeks, We have not had a single candidate come back to us with a pay query or holiday query when the payslips were sent out. I think this deserves a massive pat on the back to all involved! To not have a single query prop up is a testament to all the hard work and processes we have all put in place. Kudos to the IMS Decimal team!

    From a leading UK Accounting Firm