“We were impressed by Insight MSC expertise and responsiveness to our requirements. I’m happy to recommend Insight MSC.”
Stuart Crowe, Former Corporate Director Resources, Durham County Council
“Insight MSC provided professional, high quality services and consistently fostered first rate working relationship with Cabinet Office staff.”
Jerry Page, Former Finance Director, Cabinet Office
“We enjoyed working with Insight MSC, they provided hands-on accounting support and we benefited from knowledge transfer by working in joint teams.”
Bob Cierebiej, Financial Controller, National Savings & Investments
“The creation of a dedicated Service Centre to manage the core administrative information system was a new departure for the House at the time. It was established on the basis of the approach recommended by Insight MSC and its value was well proven in its first year. The Service Centre was seen as essential in ensuring we maximise our investment in our integrated administrative information system and is now part of centralised ICT department.”
Elizabeth Honer, Former Director of Resources, House of Commons
“Insight MSC provided the project management skills and migration expertise we needed to help us to deliver a successful move to our new transactional system on time and on budget.”
Christopher Hix, Head of Financial Accounting, Department of Energy and Climate Change
As the year end deadline for most public sector organisations approaches, your accounting resources might be stretched to cope with the peak in workload.
If you need to supplement your team with additional resources during this busy time we can provide expert staff cost effectively on a call off basis as and when required.
Having joined forces with Menzies LLP, a top 20 accounting firm, we are now able to provide an even wider service range and increased capacity.
Our year end accounting support services include:
- Creating a year end timetable (or supporting you to create one) to ensure all tasks are performed on time and any preparation work is planned for.
- Providing staff who are trained in IFRS, SORP and UK GAAP to help you identify and meet the relevant statutory requirements.
- Performing year end tasks such as producing group accounts, bank reconciliations, reconciling intercompany accounts and consolidations, pension fund accounting and finalising financial statements including annual returns.
- Analysing and investigating outturns against budget to highlight opportunities for improved financial management.
- Liaising with external auditors, freeing up your staff so that they concentrate on other key activities.
In addition, throughout the year we can support you to produce an in year as well as a year end plan so that future year end processes are carried out smoothly and effectively. This is to enable lessons learnt to be captured and produce a roadmap for next year. i.e. year end becomes much easier and more manageable if ‘in year’ activities are planned and carried out during the year and then consolidated at year end.
Our services are available on a call off basis also through the Government Procurement Services MCAS framework Lot 12 and through the new ConsultancyOne Framework Lot 4.3 (i.e. avoiding the need for a lengthy procurement process as the framework has already gone through the OJEU process).
Our staff have extensive experience in carrying out year end (and month end) closing as well as having experience of working with public sector organisations including Central Government, Local Authorities, Police, Higher Education Institutions and the NHS.
In summary, we can manage and deliver the year end process for you or we can support your team on specific tasks as required.
“Insight MSC has been a key strategic partner for the success of our finance transformation projects. We have excellent working relationships and value their honesty and integrity.”
Ryan Keyworth, Former Head of Strategic Finance, Sheffield City Council
“Insight MSC supported Rokeby School in our negotiations with the Council regarding a complex PFI contract. We were impressed by their professionalism and quality of the service provided. The Insight MSC consultant took the time to fully understand issues faced by the school, unravelled the complexities of the agreement and produced an excellent response. We are very happy to continue with Insight MSC services and would recommend them without hesitation.”
School Business Manager, Rokeby School