External Accounting Support for HfH/HCBS

Tender description

Liaising with Council officers to obtain relevant information in providing various finance and accounting functions. Supporting the budget setting process and support in developing the medium-term financial plan. Producing annual financial budget reports. Lot 1: This is a service contract aimed at providing wholistic finance support to Homes for Haringey and Haringey Community Benefit Society (HfH & HCBS) 1. Overview of the Requirement • Liaising with Council officers to obtain relevant information in providing various finance and accounting functions. • Supporting the budget setting process and support in developing the medium-term financial plan. Producing annual financial budget reports. • Supporting the quarterly forecast of spending and producing quarterly management accounting report to the boards of both organizations. • Raising and processing journals, where required. Reviewing both companies' balances, including Income and expenditure -to facilitate informed financial advice to officers and board members. • Regular bank reconciliations and intercompany balances reconciliations. Any other reconciliations required to ensure accuracy and completeness of financial information. • Processing of journals- quarterly and raising of accruals at year end. • Preparation and filing of VAT returns and ensuring that both companies' practices are compliant with VAT regulations. • Prepare the corporation tax returns and file for the relevant company. Providing advice on taxation matters. • Liaising with HMRC in relation to Tax/VAT matters for both countries. • Liaising with IT, Finance, or any other team in the Council - to ensure that sound financial support/services is provided to both companies. Any ad-hoc financial information requested by senior officers or the board of both companies.