Outsource accounting.
Keep control.
We take over recurring accounting processes while management keeps visibility over the numbers, responsibilities and deadlines.
Outsourcing should remove work — not visibility.
An external accounting function should not become a black box. Management should know what has been completed, what information is outstanding, when the month will close, which items require attention and when reporting will be available. That requires more than moving documents to another provider. It requires a process.
Outsource the full function — or defined parts of it.
Financial Accounting
Recurring processing of financial accounting based on agreed workflows.
AP & AR
Supplier and customer accounting, open-item reconciliation and related processes.
Bank Reconciliation
Regular reconciliation across relevant bank and payment accounts.
Management Reporting
Structured financial information for management, investors, banks or other stakeholders.
Annual Accounts & Tax Compliance
Coordination of year-end and recurring tax requirements based on the ongoing accounting.
When outsourcing makes sense.
Your company has grown faster than the finance function. A finance employee leaves and you do not want to rebuild the role internally. Management spends too much time coordinating accounting. The external provider delivers compliance, but not useful reporting. A transaction has changed the requirements placed on finance. Several advisers currently handle accounting, tax and corporate matters separately.
A defined operating model.
1. Review
We understand the existing accounting setup, systems and responsibilities.
2. Transition
Data, opening balances, recurring processes and outstanding items are transferred.
3. Monthly Process
Both sides know what is due, when it is due and who owns it.
4. Reporting
Management receives the agreed financial information on a recurring timetable.
Predictable pricing.
Recurring accounting should also have a predictable commercial model. We agree the monthly scope and fee upfront based on volume, complexity, entities and reporting requirements.
Thinking about outsourcing accounting?
Tell us what is currently handled internally and externally. We will tell you what we would take over and how we would structure the transition.