Job Description

About Us:

We are a

UK-based accounting practice

that provides expert accounting services to a variety of clients, including businesses in specialized industries like

factoring

. We're working with a

new factoring client

and need an experienced

Chartered Accountant or Bookkeeper

to assist in setting up

Xero

for their business. This will include migrating data from Sage, configuring the system to properly track

factoring advances

,

fees

, and

invoices

, and ensuring the entire accounting system is set up accurately. This is a short-term zero hour contract role, with the potential for future support if needed.

Role Overview:

As a

Chartered Accountant/Bookkeeper

, you will be responsible for setting up

Xero

for a

factoring business

. You will help

migrate the client's data from Sage

, configure the system, and ensure everything is in place to track

invoices

,

factoring advances

,

payments

, and

factoring fees

. After the initial setup and migration, you will provide support for 1-2 months. The option to continue monthly will be discussed, as the role may no longer be available.

Key Responsibilities:

Xero Setup

: Configure

Xero

to track all financial data, including:

Sales accounts

for revenue.

Accounts receivable

for tracking outstanding invoices.

Factoring advances

and

fees

for transactions with factoring companies.

Data Migration

: Migrate the client's data from

Sage

into Xero, ensuring that

outstanding invoices

,

debtor balances

, and

opening balances

are transferred accurately.

Factoring Transactions

: Set up processes in Xero for tracking:

Factoring advances

(payments made by the factoring company).

Factoring fees

(costs charged by the factoring company). Payments from

customers

that are factored through the company.

Bank Reconciliation

: Import and reconcile

bank statements

to ensure all factoring transactions and payments are properly accounted for.

Liaise

with the client to ensure everything is covered & up to date with an easy setup.

Ongoing Support

: Provide 1-2 months of support post-setup to assist with any issues and ensure a smooth transition.

Key Requirements:

Chartered Accountant

or

Bookkeeper

with at least

5 years of experience

in a similar role.

Experience working with factoring businesses

(understanding factoring advances, fees, and reconciling debtor transactions).

Strong knowledge of Xero

and experience migrating data from

Sage

to

Xero

.

Proven experience in setting up accounting systems

for businesses with complex financial transactions (e.g., factoring, invoices, and advances).

Strong understanding of bank reconciliation

in Xero, with experience in importing and reconciling transactions.

Excellent communication skills

Desirable Skills:

Experience in providing

training

or

knowledge transfer

to clients or internal teams on accounting software. Familiarity with

UK VAT

and

tax reporting

as it applies to factoring businesses. Ability to suggest

best practices

for managing accounting processes within Xero.

How to Apply:

Please submit your

CV

along with a

brief cover letter

detailing your experience working with

factoring businesses

and migrating to

Xero

. In your cover letter, explain your approach to setting up Xero for a factoring business, and provide examples of relevant projects you've worked on.

DO NOT APPLY IF YOU HAVE NO EXPERIENCE WITH A FACTORING COMPANY

Pay: 18.00 per hour

Benefits:

Work from home
Work Location: Remote