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FACT Solutions For UK Businesses

GEC Global provides a full range of accounting services, tailored to UK businesses, to help you manage your finances, grow your business, and achieve your goals. Our expert team ensures compliance with local regulations, accurate financial reporting, and strategic insights for better decision-making. By partnering with GEC , you gain a trusted ally dedicated to optimizing your financial health and driving long-term success.
With our proactive approach and personalized solutions, we empower your business to navigate challenges and seize opportunities. Experience unparalleled support that transforms your financial management into a competitive advantage.Trust GEC  to deliver precision, reliability, and strategic expertise, allowing you to focus on what truly matters—growing your business.

Close-up of economist using calculator while going through bills and taxes in the office.

Experience unmatched financial clarity with GEC’s customized bookkeeping support, designed to give your business a competitive edge. Our seasoned professionals ensure precise and accurate financial records, fostering transparency and providing valuable insights for informed decision-making.

From reconciliations to income statement preparation and timely balance sheet creation, our dedicated team streamlines your financial operations. Harness the power of GEC’s accounting expertise to optimize your business processes and drive sustainable growth. Let us be your partner in achieving financial excellence.

Core Bookkeeping Tasks:

  • Manage Chart of Accounts Payable
  • Posting Nominal Ledgers
  • Entering Nominal Expenses
  • Preparing bank and credit card reconciliations
  • Preparing Journals for Month Ends
  • Preparing cheque payments
  • Preparing trial balances
  • Managing Multi-Currency Accounting
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Establishing a business in the UK can be a seamless process with the right guidance and support. At GEC, we offer comprehensive incorporation services tailored to meet the specific needs of UK businesses. Our expertise ensures that your company is set up efficiently and complies with all necessary regulations. Here are some key aspects of our incorporation services:

  • Company Formation: We assist you in setting up your business structure effectively, providing expert guidance throughout the process.
  • Registration with Companies House: Ensure your company is officially recognized and compliant with UK regulations by registering with Companies House.
  • Drafting Articles of Association: Our team helps create a solid legal foundation for your business operations by drafting comprehensive Articles of Association.
  • Corporate Bank Account Setup: We facilitate the opening of a dedicated business account to ensure smooth financial transactions.
  • Business Consultation: Receive strategic advice from our experienced professionals to help launch and grow your new company successfully.

By leveraging our incorporation services, you can focus on your core business activities while we take care of the essential administrative tasks. Trust GEC to be your reliable partner in your business journey, providing the support you need to thrive in the competitive UK market.

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UK VAT services encompass a range of activities designed to ensure businesses comply with VAT regulations and optimize their tax position. Our services include:

  • VAT registration and deregistration
  • Preparation and submission of VAT returns
  • Advising on VAT schemes appropriate for your business
  • Assistance with VAT inspections and compliance visits
  • Guidance on cross-border VAT rules and transactions
  • VAT planning and consultancy services
  • Review and implementation of VAT control processes
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At GEC, we recognize the critical importance of preparing accurate and comprehensive annual financial statements. These statements serve as the cornerstone of a business’s financial health, providing insights into its performance, profitability, and financial position. Our meticulous preparation process includes the creation of balance sheets and profit & loss accounts, ensuring that each financial statement adheres to stringent UK GAAP or IFRS standards. This compliance not only meets regulatory requirements but also instills confidence among stakeholders, investors, and regulatory bodies. By entrusting GEC with your year-end account preparation, you benefit from our expertise, precision, and commitment to delivering financial clarity and accountability.

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Safeguard your business against fraud vulnerabilities and boost its growth trajectory with GEC’s customized and affordable internal control solutions. Our tailored strategies are designed to protect your assets, plug revenue leakages, streamline operations, and ensure compliance with industry standards. With advanced tools and expert guidance, we help you identify risks before they become threats. Empower your business with transparent processes and data-driven decision-making. Partner with GEC today and build a secure, efficient foundation for sustainable growth.

Key Approaches Include:

  • Segregation of duties to reduce fraud risks.
  • Ensuring transactions are authorized by a person delegated with approval authority.
  • Routine reconciliation of records and review by an independent person other than the preparer.
  • Creation of accounting and operational policies to perform work in a standardized manner.
  • Review of business operations to check whether established procedures continue to be effective and efficient.
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Rely on GEC’s tailored payroll services to unleash your business’s potential. Our experienced team streamlines payroll complexities, leaving you with the freedom to nurture your business. Trust us for cost-effective solutions that ensure precision and compliance for businesses of all sizes.

With clear, concise payroll reports, we simplify financial management and enhance decision-making. Our meticulous attention to detail ensures compliance and accuracy at every step. Let GEC handle the details while you concentrate on scaling your operations and achieving your core objectives efficiently.

We leverage advanced tools and expertise to streamline your payroll processes, saving you time and resources. With GEC as your trusted partner, you can minimize risks, reduce administrative burdens, and focus on driving growth with confidence. Experience seamless payroll management tailored to your business needs.

Payroll Services:

  • Statutory payments and deductions
  • National Living and Minimum Wage
  • Bespoke reporting
  • Benefits in Kind and P11D’s
  • Auto enrolment
  • 1R35 and off-payroll rules and regulations
  • On-line employee access to payslips, P60’s, and other related documentation
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GEC empowers businesses to amplify their core strengths by expertly handling routine tasks with precision and utmost confidentiality. Our suite of services, which includes proactive follow-ups on outstanding receivables and in-depth, prompt reporting, is crafted to boost operational efficiency and fine-tune cash flow management. Partnering with us grants businesses the liberty to channel their energy towards innovation, strategic expansion, and realizing enduring goals.
Through our customized solutions and meticulous approach, we ensure timely collections, reduce financial bottlenecks, and promote smoother financial operations. Trust GEC to help you streamline your accounts receivable processes and unlock your business’s full potential.

Services Include:

  • Tracking invoiceable events
  • Preparation of invoices and mailing after approval
  • Accounting for receivables transactions into the accounting system

           

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At GEC, we understand that suppliers are as crucial as customers in sustaining and scaling your business. We specialize in vendor management, payables ageing support, and invoice processing, ensuring strong and reliable supplier relationships. Our solutions provide timely payables tracking, enabling you to secure early payment discounts, maintain goodwill, and avoid costly delays.
With our data-driven insights and streamlined processes, we empower you to optimize cash flow and manage supplier interactions with confidence. By leveraging our expertise, you gain access to efficient, transparent, and compliant payables management tailored to your unique needs. Partner with GEC to transform supplier relationships into a strategic advantage, ensuring long-term operational success.

Services Include:

  • Sorting, scanning, and indexing invoices and processing as per business policies.
  • Uploading invoices in the AP system and releasing invoices for payment.
  • Accounting for AP invoices and creating financial statements.
  • Utilities bills management.
  • Reporting accounts payables.
  • Employee expenses processing.
  • Payment handling through electronic mode.
  • Compliance checks and efficient audit mechanisms.
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Efficient bookkeeping is the goal for every business owner. Yet, the complexities of recruiting an in-house accountant, from sourcing the right talent to managing costs and compliance, can be a daunting task.

Tired of juggling accounting tasks? At GEC, our Virtual Accountant Services make it a breeze. Say goodbye to the stress of hiring an in-house accountant — our expert support comes at competitive rates. Whether you need part-time or full-time help, our virtual services ensure smooth bookkeeping and compliance. With GEC, take charge of your finances while saving time and money, and maintaining accuracy and professionalism.

Strategic Cost Optimization:

  • Replace in-house accountants with virtual experts, reducing fixed costs.
  • Benefit from industry-competitive pricing without compromising quality.
  • Minimize overhead expenses, including office space and employee benefits.

Tailored and Scalable Solutions:

  • Flexible options with part-time or full-time dedicated accounting professionals.
  • Services designed to adapt seamlessly as your business evolves.
  • Customized bookkeeping and compliance support aligned with your specific goals.

Expertise with Transparent Oversight:

  • Gain access to highly skilled accountants with in-depth knowledge of regulations.
  • Maintain full visibility and control over financial processes through real-time updates.
  • Ensure accurate, secure, and compliant reporting to make informed decisions confidently.

For burgeoning businesses, financial direction can be a challenge. Enter our Virtual CFO support, your strategic partner throughout the growth journey. By providing cost-effective solutions, we ensure meticulous financial oversight and furnish you with clear, real-time insights. This empowers you to drive growth, acquire customers, and make informed decisions — all while tackling essential financial concerns efficiently, without the commitment of a full-time CFO.

Financial Oversight & Improvement

  • Overseeing, protecting, and constantly improving the financial side of your business.
  • Improved quality and timeliness of financial information.
  • A readily available sounding board to help you with tough business decisions and clarify your business plans.
  • Training and managing your accounting staff.

Strategic Planning & Support

  • Creation of accounting policy manuals.
  • Supporting the business to obtain funding at the right costs.
  • Defined tax-saving strategies.
  • Preparation and controlling budgets.

External Relations & Analysis

  • Profitability analysis by service or product line.
  • Trend analysis.
  • Cash management.
  • Liaison with bankers, attorneys, vendors, insurance agents, etc.
  • Assistance in obtaining financing from banks, including assistance with negotiations.
  • Review/negotiation of insurance policies.
  • Development of company accounting procedure manuals.
  • Analysis of equipment purchases, expansions, etc.
  • Mergers and acquisitions assistance.
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A right beginning is half the battle won. Starting a business requires more than ambition; it demands a clear understanding of every component—revenue, product, pricing, expenses, suppliers, funding, and growth goals. A well-crafted strategic business plan aligns short- and long-term objectives, turning ideas into actionable success paths. Success isn’t just about having brilliant ideas; it’s about executing them with clarity and purpose through strategic planning.

With the right roadmap, you can anticipate challenges, seize opportunities, and stay ahead of the competition. A strong plan not only defines your vision but also inspires confidence in investors, stakeholders, and your team. Remember, every thriving enterprise begins with a blueprint for success. Make your first step count and set the stage for sustainable growth and impactful results.

Strategic Planning Helps In:

  • Business Start-up & Acquisition
  • Business Growth & Restructuring
  • Customer Acquisition & Operations
  • Restructuring of a business
  • A strategic business plan helps you to…
  • Identify the target customer profile, and the manner to reach those customers’ group;
  • Create realistic and effective marketing plans with implementation timelines. It considers the sensitivity analysis about the questions like – “what if”!
  • Identification of staffing plans and key skills required to achieve the goals;
  • Recommending stringent financial plans including projected start-up costs, operating costs, revenue, profits, for the first 3 to 5 years;
  • Identify capex requirements and capacity utilisation;
  • Creation of milestones and review thereof to be able to evaluate progression;

At GEC, we specialize in Cash Flow Management to ensure your business maintains financial stability and operational efficiency. Our expertise helps monitor, analyze, and optimize cash inflows and outflows, preventing liquidity issues. With GEC, you can focus on growth while we secure your cash flow.
We design tailored strategies to improve cash reserves, reduce financial risks, and ensure timely payments for both receivables and payables. By leveraging advanced tools and analytics, we provide real-time insights into your financial health, empowering you to make confident business decisions.

Cash Flow Management Services Include:

  • Supporting you to obtain the right line of credit
  • Cash management policies draft
  • Supporting cash flows management through right projections and plan of action for surplus/deficits
  • Drafting efficient payment policies

GEC India Consulting LLP  is a professional consulting firm incorporated under the laws of the India. GEC is not a CPA firm, law firm, or a substitute for such professional services. The firm’s operations, services, and offerings are governed by India laws. Accordingly, any legal matters related to the services provided by GEC shall be governed by the laws of the India, and the exclusive jurisdiction for resolving disputes will rest with the courts in the India.

While GEC provides a range of advisory and consulting services, clients are strongly encouraged to seek specific advice from licensed professionals such as chartered accountants, solicitors, or other experts within their respective jurisdictions. GEC does not provide legal or accounting services in the capacity of a CPA, solicitor, or attorney and makes no representations regarding the applicability of local laws or regulations in other countries.

The services offered by GEC are intended for informational and strategic purposes only. While we strive for accuracy, GEC is not responsible for any actions taken based on the provided information or services. Clients should independently verify the appropriateness of any advice or recommendations in relation to their specific needs and circumstances.

By engaging GEC’s services, clients acknowledge and agree to the terms outlined in this disclaimer. We reserve the right to modify or update the content of this disclaimer as necessary, and such changes will be effective immediately upon posting.

GEC does not provide assurances regarding the accuracy, completeness, or timeliness of any information shared. Any reliance placed on GEC’s services is strictly at the client’s own risk. The firm does not bear liability for any direct, indirect, or consequential losses arising from the use of its consulting services. GEC’s advisory services do not establish any fiduciary or legal relationship beyond the scope of the agreed engagement. Clients are encouraged to review any contractual terms carefully before proceeding with GEC’s services.

GEC India Consulting LLP
Incorporated under the laws of the India
Jurisdiction: Courts of the India