‘Which recruitment back-office solution do I need for my agency?’
It’s an easy enough question to ask but answering it can be a little more difficult, especially if you’re a new start up. Those of you who have searched online, will notice there are many recruitment back-office services available on the market today, but which ones do you actually need?
TBOS breaks it down for you…
For contract & permanent recruitment businesses you will need a complete back-office solution:
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Unlimited Credit Checks |
Credit Control |
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Timesheet Management |
Bookkeeping |
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Invoicing (UK & International) |
Management Reporting |
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Invoice Finance Management |
VAT Returns |
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FREE Annual Finance Reviews |
Intermediary Reporting |
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Management of Agency Payments |
Year-End Statutory Accounts |
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Candidate Payroll |
Telephone & Email Support |
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Staff Payroll & Commissions |
Full-Contract Administration Service |
Whether you’re an independent recruiter or an agency placing permanent staff, you will need:
- Invoicing of Permanent Placements
- Credit Control
- Management of Agency Payments
- Bookkeeping
- Management Accounts
- VAT Returns & Year-End Accounts
- Telephone & Email Accounts Support
For contract recruitment businesses you will need a back-office solution that also provides contractor finance:
- Contractor Finance
- Contractor Finance Management
- Timesheet Management
- Invoicing of Contract Placements
- Contractor Payroll (PAYE, Umbrella Company & Limited Company)
- Credit Control
- Management of Supplier Payments
- Bookkeeping
- Management Accounts
- Intermediary Reporting
- VAT Returns & Year-End Accounts
- Telephone & Email Accounts Support
CAN I DO IT MYSELF?
Now there may be many of you reading this article, asking do I actually need to outsource all of this? Can I do it myself?
To be quite frank, the answer is no.
You are a recruiter, you’re an excellent sales person and your time and energy would be better spent on growing your recruitment business rather than back-office administration. The costs you are trying to save, will end up costing you much more at a later date if you do something incorrectly.
Unfortunately, we’ve seen this time and time again, whereby recruiters will try to cut corners and inevitably end up calling our team to fix it – which we are more than happy to help with. However, the payroll headaches, costly Pay & Bill company fees, accountancy software costs and more, could have been prevented if you had decided to go with TBOS from day 1.
NO MORE EXCUSES
TBOS back-office solutions offer excellent value for your hard-earned recruitment money, you pay-per-placement and you receive a specialist accounts team under your agency name.
Feel free to take a look at the many clients already enjoying TBOS services.
