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Outsourced Accounting

Outsourced accounting and bookkeeping is a simple way to reduce your business costs and receive expert assistance with your finances

Overview

Outsourced accounting puts experts in charge of your business’s finances. We have businesses come to us for a whole range of reasons, but the one thing they have in common is that they want to reduce their operating costs without sacrificing on expert advice. 

When you choose to outsource your bookkeeping or accounting, you’re essentially futureproofing your business. Rather than spending money on a single in-house accountant or bookkeeper, you’re investing in a scalable service that can grow with your business — and that will cost less than a full-time employee’s wage.

With Beyond Accountancy on board as your virtual accountant, you also have the capacity to access our accountancy and business advisory services. We’re your one-stop financial solution. 

Less admin, less paperwork, more time to spend on your business. Simple!

Plus, we don’t just stop at achieving compliance for your business. We’ll proactively seek out ways to make your business more profitable and provide detailed, tailored advice to help make sure you pay the right amount of tax. 

Outsourced bookkeeping and accounting from Beyond Accountancy is your ticket to hassle-free finances

We’ll provide smart, streamlined bookkeeping services that keep your financial records and information safe, simple and stress-free. No more chasing up payroll and digging through boxes of receipts. Free up more time and headspace to spend doing what’s most important — running your business.

We help deliver outsourced payroll and bookkeeping services to businesses of all shapes and sizes. Our outsourced bookkeeping and accountancy services include:

Bookkeeping

Bookkeeping

  • Payroll
  • Superannuation payments
  • Catch up bookkeeping
  • Business Activity Statements (BAS)
  • Streamlined compliance tasks
  • Managing supplier payments
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Accountancy

  • Management reports for businesses
  • Business tax returns and financial statements
  • Tax Planning
  • Sale of Business: Prepare of Vendor’s (section 52) statements for the sale of a business
  • Business structure advice
  • Buying a business: a review of the vendor’s financial information
  • Monthly management meetings
  • Advice on asset purchases (e.g. machinery, cars etc).

Our outsourced accountancy and bookkeeping services are fully customised, so our costs will vary depending on the size and scope of your business and which areas you’d like us to help you with. Our service cost is scaled on the size of your business, and ranges between $5,000 and $20,000— a lot less than a full-time bookkeeper salary! 

Our services are billed as a monthly subscription and we’re always on hand if you need to reach out with any questions.

Think of us as your virtual accountant

An accountant is a highly qualified expert who can bring real value to your business. For many businesses hiring an accountant full time isn’t realistic. The solution? Outsourced accountancy. 

When you hire a full-time accountant, you hire a financial expert, with the addition of superannuation and leave benefits. When you hire an outsourced or “virtual” accountant you’re getting those expert services without the hefty price tag of a full-time accountant, only paying for the time and services that you really need.

When should I hire a virtual accountant?

You may hear outsourced accountants referred to as virtual accountants. This simply refers to the fact that your accountant isn’t taking up space in your office — they’re completing all their tasks remotely which means you’re not paying for their annual leave, personal leave or super. This adds up to all the value of an in-house accountant without the cost. Plus, when you hire an outsourced accountant on a retainer you have the option to scale their services up or down as your business needs change. 

There are many reasons why businesses choose to outsource their accounting, some common reasons include:

  • They’re not getting good value for money from their in-house accountant
  • They’re too big to self-manage their own books and BAS
  • They’re not big enough to hire a full-time in-house accountant or bookkeeper
  • They want to streamline their bookkeeping and accounting needs
  • They want to spend less time on compliance tasks 

If any of these points sound familiar, then outsourced accounting is definitely for you.

Outsourced accounting provides all the value of a full-time accountant for a fraction of the cost

Why should I use outsourced accountancy?

As a business, you probably already outsource some of your processes. Maybe you use an external marketing agency, or supply chain management or legal services. Outsourced accountancy is no different and carries the same benefits as other outsourced services along with:

  • More time on your hands — unless you’re an accountant, there are much more important things you can be doing with your time than sorting through your accounts. By outsourcing your accounting tasks you can free up more time to spend growing your business.
  • Lower personnel costs — hiring and training an in-house accountant is expensive. With outsourced accounting, you only pay for the services you need and don’t need to pay annual leave, superannuation or other associated costs
  • Improved continuity for your business — when an accountant leaves your business they take crucial knowledge with them. With our outsourced accounting services, your accounting can continue uninterrupted
  • Scalable services that grow with your business — As your business expands your accounting needs change. Outsourced accounting can grow and change with you without the need to hire new staff. You can also gain access to one-off projects and extra assistance in addition to your regular accounting services. 

Our outsourced accountancy services include:

  • Management reports for businesses
  • Business tax returns and financial statements
  • Tax Planning
  • Sale of Business: Prepare of Vendor’s (section 52) statements for the sale of a business
  • New business set up
  • Business structure advice
  • Buying a business: review of the vendor’s financial information
  • Australian Business Number (ABN) applications, 
  • Tax File Number (TFN) applications 
  • Australian Company Number (ACN) applications

Get in touch today to find out more about our outsourced accounting services.

Outsourced bookkeeping with Beyond Accountancy

All businesses need bookkeeping services. Many businesses spend far too much time keeping up with bookkeeping tasks because they feel they can’t justify taking on an in-house bookkeeper. For those businesses, outsourced bookkeeping is the perfect solution. All the services you need from a bookkeeper for a fraction of the cost of hiring a full-time employee. 

When you outsource your bookkeeping to an expert, you’ll get a faster, more efficient and reliable service that frees up more of your time for actually running your business. 

When you choose Beyond Accountancy you also get personalised, practical advice on how to run your business more efficiently and pay the right amount of tax.

A virtual bookkeeper can handle all your day to day bookkeeping and leave you free to run your business

It’s easy to get bogged down in tax, compliance and general bookkeeping tasks. Take the burden of bookkeeping off your shoulders and let us take care of everything for you. 

When should I outsource my bookkeeping?

We provide outsourced bookkeeping for a whole range of clients, and they all come to us for a variety of reasons. There are a number of common reasons for choosing to outsource bookkeeping. If any of these sound familiar then outsource bookkeeping may be exactly what you need:

  • You aren’t sure if you are keeping your business’s records correctly
  • You don’t have confidence in the accuracy of your financial data
  • Your tax or other compliance requirements are getting complicated
  • Doing the books is taking you away from working on your business
  • You’re not keeping up to date with all the business transactions,
  • You’re forgetting to send invoices
  • You’re unsure if your business is making a profit
  • Your tax and BAS lodgments are usually late
  • You need reports that clearly breakdown your company’s cash flow

Why should I use outsourced bookkeeping?

There are many benefits to using outsourced bookkeeping. Apart from removing the mental load of completing countless bookkeeping tasks, it also ensures your business is ATO compliant and that you’re staying on top of your commitments.

Some of the benefits of outsourcing your bookkeeping include:

  • Reduced operating costs — for many businesses, the cost of hiring an in-house bookkeeper isn’t realistic, but they need the value a bookkeeper provides. An outsourced bookkeeper will deliver all the services you need without the overheads of hiring an extra staff member, saving you tens of thousands of dollars each year.
  • More time to invest in your business — managing your own bookkeeping or hiring, training and managing a staff member takes up valuable time. Outsourcing your bookkeeping frees up that time for spending where it’s needed most, on running your business.
  • Scalable services that grow with your business — As your business expands your bookkeeping needs change. Outsourced bookkeeping can grow and change with your business. You may start out with basic virtual bookkeeping services and expand to advanced accounting services as your needs change. When you work with Beyond Accountancy you can also gain access to one-off projects and extra advice and assistance in addition to your regular bookkeeping services. 

Our outsourced bookkeeping services include:

  • Payroll
  • Catch up bookkeeping
  • Business Activity Statements (BAS)
  • Streamlined compliance tasks

For more information about our virtual bookkeeping services, get in touch today.

Book a free appointment to find out how we can help you achieve your goals with our virtual bookkeeping and accountancy services. We can conduct obligation-free meetings in person in Melbourne or online. We’ll get to know each other and identify your goals so you can take the first step to getting your finances in order.
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“This is a breath of fresh air for me. I’ve been looking for a decent accountant who wouldn’t just do the basics.”

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