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Accounting Outsourcing Australia Plans We Offer

Start-Up

  • Dedicated Bookkeeper
  • Bookkeeping Twice Every Week
  • Highly Experienced Accountant
  • Bank & CC Reconciliation
  • Payables & Receivables Function
  • Payroll Calculation & Tax Payments
  • Monthly Financial Statements
  • Financial Ratios Reporting
  • Up to 300 Transactions / Month
  • Preparation and Lodgement of BAS
  • Inventory Management and Reconciliation

Growing

  • Planning of Taxes
  • Dedicated Bookkeeper
  • Bank & CC Reconciliation
  • Financial Ratios Reporting
  • Budgeting Quarterly / Yearly
  • Monthly Financial Statements
  • Bookkeeping Thrice Every Week
  • Highly Experienced Accountant
  • Up to 600 Transactions / Month
  • CFO Advisory Once Every Quarter
  • Payables & Receivables Function
  • Payroll Calculation & Tax Payments
  • Inventory Management & Reconciliation
  • Preparation and Lodgement of BAS & FBT

Established

  • KPI Reporting
  • Planning of Taxes
  • Lodging Income Tax Return
  • Full Time Dedicated Bookkeeper
  • Bank & CC Reconciliation
  • Payable & Receivable Function
  • Monthly Financial Statements
  • Financial Ratios Reporting
  • Up to 1000 Transactions / Month
  • Budgeting Quarterly / Yearly
  • CFO Advisory Every Monthly
  • Cash/Revenue/Expenses Forecasting
  • Payroll Calculation & Tax Payments
  • Inventory Management & Reconciliation
  • Preparation and Lodgement of BAS & FBT
  • Strategic Advice on Managing Revenue, Expenses, Cash Flow
  • Expert Financial Accountant CPA/CA/Post Graduate Finance

Simplified and Efficient Accounting Outsourced Services for Your Business

Accounting is one function that is essential to any business. Failing to pay attention to accounting can bring your business down swiftly. Accounting tasks include storing, sorting, and recording financial transactions, which applies to businesses of all types & sizes. Accounts and audited balance sheets help understand the overall business financial situation. Accounting, when done right, helps manage the revenue and the expenses of every business. Also, if you search for equity funding or debt-related service, you need to have an accounting function in place.

Accounting functions can be done by employing a dedicated in-house accountant or outsourced accountant. But in-house accounting might not work well for everyone due to various reasons, and thus, outsourcing accounting services is preferred. Having an accounting outsourcing firm take care of your accounting process means less error and increased productivity. Also, you have a team of outsourced accountants working for you instead of the in-house accountant. Accounting services outsourcing helps enhance the efficiency of the business so you can focus better on business-specific tasks.

We at Whiz Consulting provide outsourced accounting services that will help you keep a complete record of all the expenses and the cash flow effectively. In addition, we will extract the necessary financial information from your business transactions. All the accounting tasks are carried out by us, keeping in mind to ensure new avenues of growth for the business. We also provide small business accounting services that specially cater to small business accounting needs.

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Online Accounting Services We Offer to Our Australian Clients

Accounts Payable

We prepare a daily, biweekly, or weekly report as requested for accounts payable and send the same to you so that you never breach payment terms with your clients. In addition, our outsourced accounting service covers the scanning of invoices to make sure payment terms and so forth adhere to your company policy. We will make sure that things are exactly as they should be, and we will make it our responsibility to raise a red flag with you when they are not.

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Accounts Receivable

If you are unsure how much you ought to receive from your debtors, you cannot expect your business to sustain, let alone talk about growing. You also need to make sure you receive what the others apart from the debtor owe you while ensuring it is done promptly to keep that cash flow moving. We ensure that our clients receive money from the debtors on time, either by reminding clients of the overdue payments or contacting the debtors directly on your behalf.

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Financial Reporting

With years of experience working with Australian clients, we know exactly what is needed for Australian Accounting and regulatory bodies’ requirements. We can produce periodic reports, business activity system (BAS), income statement analysis, profit & loss, balance sheet, ratio analysis, and much more. So you can trust us with your financial reporting requirements, and we can even get in touch with your CPA and make sure everything is there as and when he wants.

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Payrolls

Whiz Consulting’s outsourced payroll services include collecting and analysing payroll data, reporting payroll taxes, issuing payments and reports to employees (pay slips), and reporting data to end-users. We look after our clients’ biweekly, weekly, or monthly payrolls, including PAYG, superannuation, tax calculations and deductions, and e-mailing salary slips to employees. In addition, our online accounting service will help you keep a vigilant eye on the complete payroll activity for your business.

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Business Activity System (BAS) Preparation

We have been providing accounting and bookkeeping services in Australia for a long time now. So we understand and know the mandatory regulatory filings like BAS, and we can prepare BAS returns for our clients, which their CPA or BAS agent can file. So you can count on us for the accuracy of these statements, and we will make sure these statements are prepared well before due dates.

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BAS /FBT Lodgement

We are proficient in filing quarterly or monthly BAS & FBT returns with the ATO. We can also calculate and pay PAYG and FBT amounts. Therefore, you can rely on us for the accuracy of these statements, and we will make sure that these statements are prepared and lodged well before due dates.

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TAX Filing

Having dealt with clients in Australia for over a decade and having a highly experienced Australian CPA on our team, we can prepare and lodge your tax returns for companies, trusts, partnerships, or Individuals. We also advise and assist our clients in planning tax liability most efficiently.

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Software We Use For Providing Our Outsourced Accounting Services

Here are some of the cloud-based accounting software we use to serve our clients. Click on the logo to know more about the features of each software.

Outsource Accounting Services for Multiple Industries

Whiz Consulting has been serving a diverse range of industries for a decade now and have a comprehensive understanding of how each of these industries works.

Healthcare
Real Estate
Ecommerce
Hospitality
Legal Practice
Media And Marketing
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Our Accounting Outsourcing Services Process

Setting Up A System

We design a system for data transfer, assign timelines to various tasks and get the same approved by you.

Sharing of Data

You can share the data with us via Dropbox, Google Drive, or e-mails daily/weekly basis as per your workload and requirements.

Processing of Data

Based on your inputs, we start putting the data in your accounting software and come up with queries if there are any.

Review, Follow Up & Revision

We review the activities regularly, ask for your feedback and make revisions wherever required, delivering the best service.

Why Choose Whiz Consulting’s Online Accounting Services?

Cost-Effective

If you are looking for an expert and want to hire them in-house, it will cost you 70% more than hiring our service, where you will have a pool of resources under one roof.

Maximise Automation

We maximize automation and implement any add-on tools that help increase the efficiency of your accounting and bookkeeping process, thus minimizing the chances of human error.

Data Confidentiality

We understand that business financial information is of utmost value. So we ensure confidentiality for any data that have been shared between the clients and us.

Qualified Team of Accountants

Our team consists of highly qualified accountants, CPAs, or postgraduates in finance from an elite educational institute with a minimum of 3 years of experience.

Wide Experience

With the experience of over a decade in financial and accounting services, our team has excellent knowledge. In addition, we implement the best accounting processes using the latest automation tools prevalent in the industry.

Satisfaction Guaranteed

We have many satisfied clients working with us, and we can assure you that you will also get seamless accounting service from our end.

End to End Outsourced Accounting Services for Australian Businesses

Whiz Consulting has been providing accounting outsourcing services to Australian businesses for about a decade now. Our experts are well versed in cloud-based accounting software like Xero, QuickBooks, MYOB, Zoho Books, and many more, making the accounting process easy for both parties.

Through our accounting outsourcing services in Australia, we help Australian businesses manage cash flows, financial statements, day-to-day transactions record-keeping, and monitor the overall expenses made by the business. We provide end-to-end bookkeeping services for businesses from trading firms, construction companies, retail stores, IT companies, medical professionals, and e-commerce companies with inventories across various locations and businesses dealing in multiple currencies and having multi-currency transactions.

Having provided accounting services in Brisbane and Adelaide, we understand the need and requirements of each jurisdiction. We are your trusted accounting firm online. So if you require accounting services in Melbourne, Sydney, or any other place in Australia, you can outsource end-to-end accounting for your business with us. We will ensure your books are kept neat and reconciled throughout the year.

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Frequently Asked Questions (FAQs)

The terms bookkeeping and accounting are most of the time used interchangeably. Nevertheless, both are different from one another. Bookkeeping is concerned with recording all financial transactions, whereas accounting is concerned with interpretation, analysis, classification, reporting, and summarising the financial data. Accounting is a broader term, and bookkeeping is a part of accounting itself as, without accurate bookkeeping, one can not accomplish an accounting task.
Outsourcing accounting services is a great way to keep your business’s financial health in check without compromising the core business task. In addition, since you are outsourcing, you will not have to bear the monthly overhead cost plus the infrastructure cost of hiring an in-house accountant. And hiring process itself is a big hassle and can take longer than expected. In fact, there has been a high demand for small business accounting services in recent years.
Yes, you can outsource a few accounting tasks separately. Like we at Whiz Consulting provide different types of accounting services individually. You might want to hire accounting services like reconciliation, accounts payable, payroll, or other accounting services for some particular reason. We deliver the same in turnaround time. However, we suggest that you hire complete accounting services to ensure that you work with one service provider rather than multiple accounting services providers.

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