What's actually in the engagement
- Xero setup or migration — chart of accounts designed for coworking (membership, day passes, events, meeting rooms, virtual office, resident invoicing)
- Nexudus → Xero reconciliation — automated where possible, manual where Nexudus doesn't expose the right data
- Monthly management accounts — including occupancy rates, member churn, revenue per square foot, contribution margin per service line
- Annual statutory accounts and CT600 — filed on time, optimised for tax
- VAT registration and quarterly returns — most coworking spaces are VAT-registered (above £90K threshold), with specific rules around event/training income
- Business rates analysis — coworking spaces often qualify for partial relief depending on member structure; we help you understand and apply
- Director payroll and Self Assessment
What you'll see at month-end
A monthly pack that shows the things that actually matter for operating a coworking space:
- Revenue by service line — memberships vs events vs meeting rooms vs virtual office
- Occupancy rates — desks, offices, and meeting rooms separately
- Net member growth — joiners minus leavers, with revenue impact
- Cost per service line — so you can see which services are actually profitable
- 13-week cash forecast — coworking has lumpy receivables, this matters
Most coworking operators we onboard discover that one or two service lines are losing money — usually events or virtual office, run informally. Surfacing this is often the first £2-5K/month of value we deliver.
FAQ
Frequently asked questions
What if we use OfficeRnD or Cobot instead of Nexudus?+
All three work — we've integrated each with Xero. The mechanics differ slightly but the outcome is the same. We'll work with whatever you have.
Can you handle multi-location consolidation?+
Yes — for operators with 2+ locations, we set up consolidated reporting that shows location-level performance plus group totals. Most multi-location coworking finance is currently being done in spreadsheets.
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