Outsourced Accounting & Finance Services
Access top-tier outsourced accountants, ready to join your finance team today.
We help Australian businesses and accounting practices strengthen their finance teams by accessing a global accounting talent pool trained to Australian standards. S&B Private allows you to build capacity, reduce costs and future proof your operations.
Companies we've worked with:
By Australian accountants, for Australian businesses
As experienced accounting practice owners in Melbourne, we have developed a system to recruit and train exceptional offshore accounting professionals to address the lack of quality, affordable accounting talent in Australia.
By partnering with us, you can:
- Access a global offshore accounting and finance talent pool
- Get the security and support of an experienced Australian management team
- Eliminate the high costs of recruiting and employing in-house staff
- Address key person risk and employee turnover
What we do for you
We recruit, assess, employ and train qualified offshore accounting teams and finance professionals on your behalf. All you need to do is communicate tasks and workflow to your new staff member. Our outsourced accounting solutions include:
- All recruitment and hiring processes
- Background and reference checks
- Onboarding and preparation
- Staff administration
- Negotiating terms of employment
- Superannuation and taxation
- Ongoing CPD and training
- Access to connectivity, devices and office space
- Outsourced CFO Services
Want to learn more?
If you’re looking for a trusted partner to grow your finance team or accounting firm with top-tier offshore accounting professionals, then book a call today.
Find your industry
Our mission is simple – to connect Australian businesses and accounting firms with top-tier offshore accounting talent. We push the boundaries of what an offshore finance team can achieve.
Medical Accountants
At S&B Private, we understand the complex financial requirements and operational challenges faced by healthcare providers and medical practices. Having worked closely with the medical industry over a long period of time, our team is equipped with the knowledge and accounting solutions to streamline the financial processes and ensure compliance obligations are met.
Retail Accountants
At S&B Private, we recognise the unique financial demands and challenges that retailers face in a highly competitive market. Our team possesses deep expertise in the retail industry, having supported both startup brands and established retail groups streamline their financial operations.
Not-for-Profit Accountants
At S&B Private, we understand the unique financial needs and challenges faced by not-for-profit organisations. Our team has extensive experience working with the not-for-profit sector, having supported both small and large charities and their financial and reporting requirements.
Travel Accountants
At S&B Private, our experience with travel businesses, from boutique agencies to destination management companies to e-commerce sites, has equipped us with the knowledge to tackle the unique finance and accounting challenges facing the industry.
Property Accountants
At S&B Private, we recognise the challenges that property developers face in a fast paced and complex market. Our team has strong expertise in the property industry, having supported both small property developers and large established property groups to streamline their finance operations and support their teams.
Professional & Corporate Accountants
At S&B Private, we understand the demands and challenges that professional services firms face in a competitive and fast moving market. This is because we work in the professional services space ourselves. Our team has extensive experience in the industry, having supported both small firms and large practices streamline their financial operations allowing their owners and management to focus their attention on their business.
Why partner with us?
Outstanding quality and skills
As Australian accounting practice owners underwhelmed by local talent, we opened our own offshore accounting office to recruit and train dedicated team members, equipping them with the knowledge and skills to become future leaders.
Australian cultural awareness
As an extension of your team, our well-rounded, client-facing offshore accountants are capable of interacting with Australian staff and clients in a personable and knowledgeable way. Simply treat them as any other valued employee.
Ongoing training & development
We’ve spent years training our team in Australian tax laws, accounting standards, software systems, bookkeeping & tax compliance. We provide ongoing training and CPD points for professional development, so you don’t have to.
High staff retention
Our comprehensive training programs coupled with above-market compensation and direct client interaction provide a desirable working environment for our team, meaning you benefit from more motivated staff.
FAQs
Your comprehensive guide to understanding our services.
What is outsourced accounting, and how can it benefit my business or accounting firm?
Outsourced accounting involves integrating skilled offshore accounting professionals into your business finance team or accounting firm, such as those sourced and trained by S&B Private. These full-time accounting professionals are trained to efficiently handle accounting and tax matters, similar to hiring a local in-house accountant but at a reduced cost, enabling you to focus on the growth of your business. Outsourced accounting offers access to skilled talent, reduces costs and can provide the resources that your business needs to comply e with Australian tax and accounting regulations, supporting the growth and success of your business or accounting firm.
How do your outsourced accounting services save costs for businesses?
Outsourced accounting reduces overhead by eliminating in-house staffing needs and associated costs like recruitment, training, office space, and superannuation. By embedding dedicated offshore accountants trained to Australian standards within your finance team or accounting firm, S&B Private ensures you can access Australian trained accounting talent at a reasonable cost.
What is the difference between outsourced accounting and offshore accounting?
Outsourced accounting typically involves delegating financial tasks to a service provider who handles multiple clients. Offshore accounting on the other hand, provides dedicated offshore accountants who are integrated into your finance team or accounting on an exclusive, full-time basis. By strategically combining elements of outsourced accounting with the cost and control benefits of having your own in-house accountant, S&B Private can provide your business with the best of both worlds.
How can outsourcing improve the efficiency of my finance team?
Outsourcing with S&B Private involves placing full-time, Australian-trained offshore accountants into your business finance team. These offshore accountants work solely for your business and under your CFO or finance manager’s leadership, ensuring processes are followed and day-to-day finance tasks are completed efficiently. This compares favourably to the high cost and loss of control of appointing an external outsourced accounting provider to handle your business finance function.
Are outsourced accounting services secure?
Without question. At S&B Private, we prioritise the security and reliability of your data. Our IT systems are managed by a trusted external service provider based in Melbourne, Australia, ensuring your staff are always connected, online, and accessible. We have invested heavily in robust IT systems and infrastructure security measures and advanced IT infrastructure to protect your data from any potential threats. This includes state-of-the-art encryption, regular security audits, and comprehensive backup systemin line with the Essential 8 cyber threat mitigation strategies.
How do outsourced accounting solutions work at S&B Private?
S&B Private sources and places offshore accountants trained to Australian standards who seamlessly integrate into your finance team or accounting firm. These offshore accounting professionals work exclusively within your systems, such as Xero, Quickbooks, Netsuite and MYOB, to support your finance function as full-time members of your team. Learn more about our process here.
What are the benefits of outsourcing accounting services compared to hiring in-house finance staff?
By outsourcing through S&B Private, businesses reduce overhead costs while accessing high-quality, full-time accounting talent. The accountants we place work exclusively within your team, providing flexibility and scalability without the challenges of recruiting, training, or retaining local staff.
How do offshore finance team members interact with in-house finance staff?
Offshore accountants provided by S&B Private are fully embedded in your business processes, using your systems and tools like Xero, Netsuite, Quickbooks and MYOB. These professionals operate as full-time members of your finance team or accounting firm, trained in your workflows and connected with your local team via Teams, Slack, Zoom and Email to ensure seamless integration and effective management of your accounting needs.
What size businesses typically use outsourced accounting services?
Outsourced accounting services are ideal for two partner or more accounting firms and businesses with an experienced CFO or finance manager. These accounting firms and businesses benefit from outsourcing because it provides a cost-effective way to manage internal finance tasks and increase capacity to take on client work, without the need to incur significant costs to hire internal finance team members based in Australia.
How we’ve helped other businesses
Meet the Australian businesses and accounting practices that have successfully integrated our specialist, cost-effective offshoring solution.
Hear from our clients
“The relationship between Datalink Technologies and S&B Private commenced in 2019 and is a true business partnership. Crucial to how we manage the business, the S&B Private team have been a driving force behind our new and improved business information tools and accounting processes.”
“S&B Private has provided us with reliable financial data and cashflow management, allowing us to focus on growing our business. Their cost-effective model and personalised support has been a great solution for our business.”
“S&B Private has been such a strong partner to us over the past few years. They are our Australian finance function.”
“We needed a reliable partner to handle the finance and bookkeeping for our medical practice. We found that in S&B Private and we have built a strong relationship over the years.”
Insights from our Blog
Get the most out of your offshore accounting team with regular updates and strategies, on how best to manage and support them.
We’ve solved your most pressing accounting talent challenges so that you don’t have to.
If you’re looking for a trusted partner to grow your finance team or accounting firm with top-tier accounting professionals, reach out to us to book a discovery call today.