Why Wiise Accounting is a Smart Choice for Growing Aussie Businesses

• Published: August 1, 2025
• Last Updated: August 1, 2025

MS Dynamics, Refined

Automation Aligned With Your Accounting Strategy

Know More

Managing finances shouldn’t slow your business down but for many Australian companies, accounting becomes a bottleneck, full of manual work, compliance stress, and messy reporting. That’s where Wiise Accounting comes into play. Built on Dynamics 365 Business Central, it’s a smart, cloud-based ERP designed for growing businesses. But to be honest, investing in the right technology alone isn’t the full solution. Knowing how to use it well is where the real advantage lies. This is exactly why more Australian businesses are choosing to outsource their Wiise accounting functions. In this blog, we’ll break down why outsourced Wiise accounting and how you can find the right F&A expert.

What is Wiise Accounting?

Wiise Accounting is the process of managing your business’s finances using the Wiise ERP platform, built on Dynamics 365 Business Central and tailored for Australian Accounting Standards. It covers everything from handling day-to-day transactions like invoicing, bank feeds, and payroll, to managing more advanced needs like GST filing and BAS lodgements, multi-entity consolidation, and audit trails.

In the end, Wiise Accounting is about creating an organised, streamlined financial workflow where real-time data flows across departments, reporting is automated, and decision-making is driven by accurate insights. It allows finance teams and business owners to manage cash flow, track profitability, and stay compliant without jumping between disconnected systems.

Why Australian Businesses Are Outsourcing Their Wiise Accounting Functions

Australian businesses are realising that managing finance in-house can drain resources, especially when using advanced systems like Wiise. Outsourced teams bring specialised knowledge, streamlined processes, and the ability to maximise the ERP’s full potential. Subsquentially, they gain Lower overheads, better insights, and more agile operation. Here’s a look at the biggest reasons behind shifting to outsourced accounting services:

Cost-Savings

Accounting outsourcing eliminates the need for a full-time, in-house finance team while providing high-level support. You only pay for what you use, which frees up capital and reduces overhead without compromising financial control or compliance. Outsourcing your accounting functions can save you up to 60% in overheads, a substantial saving that could be invested in other crucial areas.

Access to Expertise

Outsourced professionals understand both Australian accounting standards and how to get the most out of Wiise. They bring a mix of ERP experience and industry knowledge that’s hard to replicate internally, especially for small to mid-sized businesses.

Enhanced Accuracy and Efficiency

With experienced hands managing reconciliations, reporting, and compliance, errors go down and timelines improve. These teams are trained to work fast and precisely, using Wiise’s automation features to eliminate manual mistakes and data duplication.

Easy Scalability

Outsourced accounting grows with your business. Whether you’re opening new entities or expanding operations, your outsourced team can scale services up or down without the lag or cost of hiring and training in-house staff.

Integrating the Power of Automation

Specialists know how to automate recurring tasks inside Wiise from invoice processing to bank reconciliation and report generation. This means faster month-end closings and fewer human errors while your internal team stays focused on big-picture goals.

Hire a Business Central Expert Who

Implements & Configures Modules with Precision

Quick Start within 48 Hours

What Accounting Functions Can Be Handled by an Outsourced Team?

Outsourcing covers the full spectrum of accounting operations within Wiise ERP. From managing payables and receivables to overseeing payroll compliance and tax reporting, a skilled outsourced team can handle it all. These professionals work directly within your Wiise environment to streamline operations, ensure compliance, and deliver accurate financial insights. Whether you’re looking to clean up reconciliations, automate reporting, or better manage your cash flow, here’s how the remote professionals take care of key accounting functions:

General Ledger Management

Outsourced teams manage your day-to-day accounting, from journal entries and accruals to the entire month-end closing process. By harnessing the full potential of Wiise, they ensure every transaction is carefully recorded and aligned with Australian accounting standards and ATO compliance. This provides clean, structured financial records that directly support informed decision-making. You gain consistent, reliable general ledger management without the need for an in-house hire.

Accounts Payable

They handle everything from invoice capture to payment scheduling inside Wiise. Automated approval workflows reduce delays, prevent duplicate payments, and strengthen supplier relationships. They also monitor due dates and flag anomalies, helping you avoid late fees and payment disputes.

Accounts Receivable

Outsourced specialists manage invoicing, payment tracking, and debtor communication. They help set up automated reminders and reconciliation processes inside Wiise, ensuring cash inflows are consistent and predictable. Their involvement reduces overdue accounts and improves working capital management. You stay focused on operations while they keep collections tight.

Accounts Reconciliation

They reconcile bank accounts, credit cards, intercompany balances, and more, ensuring every transaction lines up accurately. Using Wiise’s automation tools, they reduce manual work while increasing visibility into discrepancies. This helps catch errors early and ensures your books are audit-ready year-round. It also improves trust in your financial data.

Payroll Processing (incl. Payroll Compliance)

Outsourced payroll teams handle employee payments, tax withholdings, and superannuation using compliant workflows inside Wiise. They also manage STP (Single Touch Payroll) submissions, Fair Work compliance, and ATO reporting. This keeps your business aligned with payroll legislation and prevents costly penalties. Your employees get paid right, on time, every time.

Cash Flow Management

They forecast incoming and outgoing cash based on real-time Wiise data. This includes tracking outstanding invoices, upcoming liabilities, and seasonal trends that affect liquidity. You get proactive alerts and planning support to stay ahead of shortfalls. It’s an effective add-on that protects your business from blind spots.

Financial Reporting and Analysis

Outsourced teams prepare custom dashboards, P&L reports, balance sheets, and KPI reports directly from Wiise. These reports are compliance-driven and help you see what’s working, what’s not, and where to focus. You can schedule reports or generate them on-demand with confidence in the data. Insights become instant and actionable.

Automate Tax Preparation and Compliance

They manage GST calculations, PAYG reporting, and BAS lodgement in full compliance with ATO standards. With automation in place, recurring tasks like tax coding and document tracking are handled seamlessly. This reduces errors and last-minute scrambling during tax periods.

What is the Process of Outsourcing Wiise Accounting?

Outsourcing process starts by identifying what you need help with, then defining how that work fits into your existing systems. From there, the outsourced team handles setup, data migration, integration, and ongoing reporting, all while keeping communication and security tight. When done right, it’s a seamless transition that gives you more control.

Pinpointing What to Offload

The process begins with identifying which accounting tasks are draining internal resources or not being handled efficiently. This could include accounts reconciliation, BAS preparation, or overdue payables. An outsourced accountant will assess where Wiise isn’t being fully leveraged and recommend what can be handed off for maximum impact. This ensures you’re not outsourcing blindly but strategically.

Defining the Scope of Work

Once the needs are clear, the next step is to define exactly what the outsourced team will manage inside Wiise. This includes the specific modules such as payroll, bank feeds, or inventory-costing workflows they’ll take over. You’ll also agree on KPIs, turnaround times, and responsibilities. Everything is mapped to avoid overlaps or blind spots.

Choosing the Right Wiise Accounting Partner

Not all outsourced firms understand Wiise and Business Central, so it’s critical to choose a partner with real experience inside the platform. A good partner will demonstrate how they’ve handled similar businesses, set up custom workflows, and improved accuracy and reporting. Look for firms with Australian accounting experience and deep Dynamics expertise.

System Setup and Configuration

The outsourcing team configures your Dynamics 365 Business Central system to match your workflows. This includes setting up accounts payable, receivables, automated bank reconciliations, chart of accounts, approval flows, and financial dimensions. They’ll also handle data migration from historical transactions to customer/vendor records. Integration with systems like payroll, e-commerce, or payment gateways ensures everything is works well within Wiise without manual entry.

Establishing Communication Workflows

A proper outsourcing setup includes clear, structured communication such as weekly check-ins, shared dashboards, and escalation protocols. Your outsourced team works inside Wiise but stays aligned with your internal stakeholders. This ensures they’re not just pushing numbers but acting like an extension of your finance team.

Ensuring Data Security and Compliance

Trusted outsourcing partners will follow strict data security practices within your Wiise environment using role-based access, audit logs, and encrypted communication. They’ll also stay compliant with Australian data protection laws, and work within the access controls defined by your IT team. You maintain ownership; they manage execution securely.

Ongoing Reporting and Advisory

Once the system is up and running, your outsourced team provides ongoing support—monthly financial reports, dashboards, cash flow projections, and BAS-ready documentation, all generated inside Wiise. They can also advise on optimising workflows, improving margins, or preparing for audits. The focus shifts from maintenance to insight and growth.

Want Hassle-Free Accounting on Wiise ERP? Get in Touch with Experts

Managing your accounting through Wiise ERP can transform your finance operations, if you know how to unlock its full potential. But most growing businesses don’t have the bandwidth to deep-dive into automation tools, compliance settings, or custom financial reporting inside Dynamics. That’s when the real value lies in bringing in experts who specialise in MS Dynamics accounting services people who already know how to make Wiise work for you.

By outsourcing your accounting to a team trained specifically in Wiise, you gain more than just time you gain accurate books, real-time insights, and peace of mind around compliance. No steep learning curve, no scattered workflows just a smooth, well-managed accounting process built to scale with your business. Whiz Consulting offers end-to-end accounting support tailored for businesses using Wiise ERP. From day-to-day bookkeeping to payroll, BAS lodgements, and advanced reporting we handle it all with speed, accuracy, and local compliance in mind. Let us plug into your existing setup and take the pressure off your in-house team.

Save More, Do More With Smart Accounting!

Get customized plan that supports your growth

Explore Pricing!