Outsourced Finance Function & Department Resourcing for Growing Australian Businesses
S&B Private redefines outsourcing by embedding Australian trained, offshore accountants into accounting firms and other businesses who are seeking cost-effective, trained accounting professionals, comparable to an equivalent Australian accountant. Unlike traditional BPO services, we are not a task-based service provider. We provide full-time, dedicated offshore accounting professionals, who are trained by Australian accounting practice owners and who work exclusively in your business, integrating directly into your operations and culture.
Our professional offshore accounting team members can help with Australian tax & compliance, financial statement preparation, and end-to-end finance outsource services including payroll. We help medium to large sized businesses grow and develop their finance function as well as Australian accounting firms that are facing the challenges of recruiting and retaining quality accountants due to local talent shortages.
How Our Outsourced Finance Function Works
Extension of Your Local Finance Team
Unlike traditional outsourcing or BPO models, our Australian trained offshore accounting professionals become an extension of your team, working full-time under your guidance and within your systems. By working exclusively as a dedicated member of your team, S&B Private ensures cultural alignment, accountability, and consistency without the challenges of competing priorities that are faced through the traditional model.
Australian Trained Accountants
Our offshore accounting professionals are trained in Australian tax legislation, accounting standards and compliance. They understand the nuances of local requirements, can communicate effectively and supercharge your finance team and operations.
Cost-Effective Solutions
Reduce overheads associated with local salaries, recruitment, training, and office space. S&B Private can provide Australian trained offshore accounting professionals at a fraction of the cost of hiring locally without compromising on quality.
Scalability and Flexibility
Whether you need one professional or an entire finance team, our solutions scale with your requirements. As your needs grow or change, so does our tailored support, without the fixed costs or challenges of permanent, in-house staff.
Tailored to Your Needs
From bookkeeping and financial reporting to tax preparation, we can customise our solutions to match your industry demands, growth stage, and specific finance resourcing requirements.
What Can Our Offshore Accounting Professionals Assist With?
1. Financial Management
- Cash flow monitoring and forecasting to maintain financial stability.
- Budget preparation and tracking to allocate resources effectively.
- Performance analysis using tailored KPIs to drive informed decisions.
- Strategic planning support, including capital raising and investor communication.
2. Bookkeeping
- Daily reconciliations to ensure accurate financial data.
- Accounts receivable and payable support.
- Payroll processing
- BAS lodgement and superannuation management to ensure compliance with Australian standards.
3. Financial Reporting
- Preparation of monthly and year-end financial reports.
- Tailored management reporting to meet your business and stakeholder requirements.
- Audit preparation and support.
- Advanced forecasting and financial modelling for improved visibility and decision-making.
4. Tax Preparation
- Support with the preparation of
- Income Tax returns
- Business Activity Statements
- TPAR Reports
- Other compliance requirements
5. Accounting Systems Support
- Integration and management of accounting systems including Xero, MYOB, QuickBooks and NetSuite.
- Process automation to enhance efficiency and reduce manual errors.
- Advice and support with system improvements for better operational efficiency.
6. Talent Recruitment, Onboarding & Management
- Full recruitment service including background checks, interviews, case study and reference verification.
- Staff administration, including terms of salary payments, employment benefits, and taxation.
- Ongoing professional development to ensure your team members are up to date with Australian laws and accounting standards.
7. Scalable Solutions & Team Expansion
- Flexibility to scale up or down based on your business needs, without the costs or restrictions of hiring permanent staff.
- Embedded finance professionals who integrate seamlessly into your team and processes.
8. Outsourced Payroll Management
- Dedicated professionals to assist you with managing end-to-end payroll processes.
- Support with salary sacrifice arrangements, ETP calculations, and leave entitlements.
9. Outsourced CFO Support
- Strategic financial planning and analysis support to guide long-term business growth.
- Capital raising, investor relations, and board level reporting.
- Advanced scenario modelling and budgeting to support decision making.
Benefits of Partnering with S&B Private
Cost-Effective Expertise
Access top-tier finance and accounting professionals at a fraction of the cost of a local hire.
Scalability
Confidently grow your finance team and capabilities without the restrictions of hiring locally.
Improved Efficiency
Unlock capacity from your local team to focus on core business activities and strategic priorities while your offshore team handles the day-to-day accounting tasks.
Seamless Integration
Our professionals work within your existing systems and processes.
Best in class training
Receive the benefits of your team undertaking weekly training sessions so that you don’t have to worry about professional development.
Comparison: Embedded Talent vs Traditional Outsourcing
| Feature | Traditional Outsourcing | S&B Private Embedded Talent |
| Integration | Minimal integration; Use their own systems. | Fully embedded into your team and systems. |
| Cultural Alignment | Limited understanding of your business culture. | Dedicated to your team with cultural alignment. |
| Consistency | Task-based; often shared across multiple clients. | Full-time dedicated professionals working exclusively for you. |
| Scalability | Limited flexibility in scaling services. | Ability to scale with your business growth. |
Frequently Asked Questions
What is an outsourced finance function?
An outsourced finance function involves delegating finance and accounting tasks to a third-party provider. At S&B Private, we go beyond traditional outsourcing by embedding dedicated and trained offshore professionals into your finance team or accounting firm. These full-time team members, trained in Australian accounting and tax legislation, integrate seamlessly into your business.
How does S&B Private assist with Australian compliance?
Our offshore accountants receive comprehensive training in Australian tax laws, superannuation, payroll processes, and financial reporting requirements. Our ongoing professional development program, which has been built and refined over nearly a decade by Australian accounting firm owners, ensures they stay up to date with the latest Australian standards and regulations.
How does S&B Private differ from traditional outsourcing providers?
Unlike traditional outsourcing where tasks are handled externally, S&B Private embeds dedicated offshore professionals directly into your team. They work exclusively for your business as full-time team members which ensures they are aligned with your business processes and requirements, and are completely integrated into your operations.
Can S&B Private scale with my business?
Yes, our solutions are fully scalable. Whether you need to add one team member or build an entire finance department, we provide the flexibility to grow your finance capabilities without the fixed costs and challenges of hiring permanent staff.
What software do your offshore professionals use?
Our offshore professionals are proficient in leading accounting platforms, including Xero, MYOB, QuickBooks, NetSuite and other industry-specific tools and software. They can seamlessly adapt to your preferred systems and workflows, ensuring a smooth integration.
Ready to Scale Your Finance Operations?
Streamline your financial processes and scale your business with S&B Private. Contact us today for a free consultation and discover how our dedicated offshore professionals can seamlessly integrate into your team, delivering cost-effective, high-quality finance solutions tailored to your needs.
