Yesim Tilley ACMA, CGMA
Chartered Management Accountant
Yesim Tilley ACMA, CGMA
I am owner and founder of Skynet Accounting, a member of The Institute of Chartered Management Accountants (CIMA), holding practice certificate with title of ACMA and CGMA in the UK and registered tax agent with HMRC and registered agent with Companies House.
My journey started in the accounting world many years ago working for a small manufacturing firm at a young age. Through the years I gain experience and progressed in accounting and finance. I worked my way up through to Chief Financial Officer position of an Aviation Repair and Maintenance company and then I progressed further utilised my technical skills into to medium (turnover over £500M) and large size companies (turnover over £2bl).
I set on a path where I represented powerful financial management solutions for growing businesses, managing finances, financial control and tax compliances.
With over 2 decades of experience in accounting I have come a long way and enjoyed every aspect of my career up to a few years ago when I set up Skynet Accounting.
Having spent many years at the forefront of the accounting sector I noticed that every business owner I worked with had the same problem of not knowing and understanding of their insight of business financials. I heard a lot of “I don’t understand Why”, “my accountant doesn’t tell me”, “my accountant only emails my accounts to sign”, “I have no idea, I just sign it”. Do these sound familiar to you?
My mission is to support businesses by providing exceptional financial management services suitable to their business model to contribute towards profit maximising and to increase business financial health while ensuring fully compliance with regulations. I explain Why, I explain financial position, advantages and consequences, show a financial direction and provide support to get you there! You sign your accounts with confidence. That’s why Skynet Accounting is different, stress free, friendly and ensure peace of mind.
My values are Building Trust, Agile Mindset, Utilising Technology and working together for Business Success.
I am a passionate, friendly, ambitious, driven, loyal, and dynamic accountant, keen to work with and support dynamic business owners to achieve sustainable success and growth regardless of how complex a business model they have or how tough the industry they are operating in.
Language - English & Turkish
Services:
1- “Powerful Financial Management Services”
Cost effective way of bringing skills and expertise to your business!
- Systems Implementation: We work with Sage, QuickBooks, Xero so we can help with choosing a best systems suitable to your business model, setting the system up and migrating to a new system. We are also proficient Microsoft Dynamics D365 F&O system user.
There is no obligation to change your current system. We can support with utilising technology in your current system and automate processes.
- Bookkeeping services: This involves a process of daily maintenance of business books and records. The services are including raising sales invoices, posting supplier invoices, bank transactions and bank accounts reconciliations etc. We can help with managing transactions from payments platforms like Stripe, Shopify etc.
- VAT returns services: Business with turnover >£90,000 must register for VAT return. Deadlines are strict and HMRC penalty charges are significant. Not all business have the same type of VAT scheme and managing them is not as simple as running a report from a software system. We fully check for compliance purposes and reconcile the VAT liability/refund to capture any errors. It is very common for HMRC to inquiry for adhoc spikes so without any delays we can responds and satisfy HMRC expectations.
- Payroll: Depending on your business needs, we prepare weekly, monthly or annually payroll run and manage RTI & EPS filing with HMRC and pension filing. We’ll be supporting to ensure meeting for auto-enrolment obligations and declaring compliance to the Pension Regulator.
- Cash Flow Management and Forecasting: Knowing your business cash position and how money is flowing into your business makes a significant difference in your decision making and future planning. We provide 100% support to convert business profit into cash position and prepare ongoing cash flow forecasting for future planning and protect your business relationships.
Services are including:
o Credit control, customers debt collection
o Accounts payables payment runs and manage their expectations
o Managing tax payments
o Prepare cash flow forecast so you know your business cash position for now, tomorrow, next week, next month and even for full financial year
- Financial Planning & Forecasting: Having a well thought through budget can help a business measure progress towards its financial targets. If there are problems, they can be identified, and actions can be taken at earliest point. We produce financial budgets and ongoing forecasts to monitor progress.
If you have business dream to come true, or target you want to achieve, We can produce a “Financial Game Planning”. (financial planning for funding and establishing suitable option would result highest return)
- Management Accounts Reports: We produce Credible Management Reports, true picture of financial position and performance prepared based on up-to-date accounting standards rather than bank transactions, so you won’t have a shock of reporting a different result at the year end. The actual results measured with planned result to assess how the business is performing.
- Key Performance Indicators: All businesses are different and your business will have relevant Key Performance Indicators to assess your business financial strength, weaknesses and track performance.
- Profitability Analysis: Do you know your most profit-making top 10 products and processes involved? Most profitable top 10 customers? Yes?
Most business owners assume they do but they don’t really know the insight. They miss out on focusing on their core strength, profit making areas and relationships to generate more revenue.
This requires detail analysis behind the headlines including:
o Product profitability Analysis:
o Customer profitability analysis:
o Project Profitability
o Investment appraisals
- 1-2-1 review and discussion: You’ll gain insight of knowing your business success and failure, will help with strategy development and business growth. It will change the way of your thinking about future of your business!
Pick & choose based on your business needs. We can make a recommendation of services based on your business model and most importantly please don’t miss out on 1-2-1 sessions either on monthly or quarterly basis. You won’t get this service from any other accountancy practice.
“Please Remember! Not all businesses have effective and agile Financial Management in place” Are you one of them? Call: 07765358473 or email@ skynet@skynetaccounting.co.uk
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