Payroll

Thinking About Outsourcing Your Finance Function? Start With This Due Diligence Checklist

UK small and medium-sized enterprises (SMEs) are operating in a challenging environment in 2026. Rising costs, labour shortages, and regulatory pressures are forcing many businesses to rethink how their finance functions operate. A February 2026 UK Parliamentary Business and Trade Committee report found that small businesses are facing economic pressures comparable to those seen during the pandemic, including increased operating costs and compliance burdens. As a result, many SMEs are exploring more flexible operating models.

5 Reasons Why Xero Is a Solid Option for Larger Businesses

Many people think Xero is only for small businesses. But that’s no longer true. In this article, we’ll share five reasons why you should consider Xero for your larger organisation, showcasing different features that can support your finances as your business scales.

Read more about 5 Reasons Why Xero Is a Solid Option for Larger Businesses
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Payroll?

Payroll refers to the total amount a company owes to its employees for services rendered during a specific period.

It includes not only employees’ gross wages or salaries but also related expenses and obligations, such as:

Gross pay: Wages, salaries, bonuses, commissions, and overtime earned by employees.
Payroll deductions: Amounts withheld from employees’ earnings, such as income tax, retirement contributions, health insurance, and social security contributions.
Employer’s contributions/expenses: Costs that the company must pay in addition to wages, like employer’s share of social security, pension contributions, unemployment insurance, and other benefits.

Payroll is both:

An expense on the income statement (wages expense, salaries expense, payroll tax expense, etc.).
A liability on the balance sheet (wages payable, payroll taxes payable, etc.), until payments are made.

Payroll is the process of recording, classifying, and managing all employee compensation and related employer obligations.

FINANCIAL CONTROL / MANAGEMENT PLANS

Your Outsourced Finance Department to fit your growing business needs

Outsourced Finance Department

Off

From £1,000 P / M

Perfect for small and medium growing businesses serious about their growth and achieving their potential. This program allows you to outsource your entire Finance Department without incurring any costs of hiring whilst maintaining a focus on giving you the holistic financial expertise to enable successful growth.

Compare Plans
Remote Financial Controller

Off

From £700 P / M

Perfect for small and medium growing businesses requiring an outsourced/virtual Finance Partner and/or for those experiencing difficulties associated with growth whether that’s cash flow issues or lack of clarity in financial decisions. This service gives you a better grip on your payroll, financial analysis and offers you support in understanding the financial performance of your business including which key areas to focus on. This service enables you to make decisions that will help your business financially.

Compare Plans
Virtual Bookkeeping Partner

Off

FROM £450 ONWARDS

Perfect for all businesses requiring bookkeeping and management accounting to gain valuable, actionable insights. Outsourcing your recordkeeping will free up your time to focus on your business.

Compare Plans

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Payroll

Thinking About Outsourcing Your Finance Function? Start With This Due Diligence Checklist

5 Reasons Why Xero Is a Solid Option for Larger Businesses

Payroll?

FINANCIAL CONTROL / MANAGEMENT PLANS

Outsourced Finance Department

From £1,000 P / M

Remote Financial Controller

From £700 P / M

Virtual Bookkeeping Partner

FROM £450 ONWARDS

Get in touch

+44 1624 616620

info@sanaybpo.com

Outsourced Accounting Services UK