Outsourced & Offshore Bookkeeping Services For Accountants
Quality offshore tax professionals for Australian accounting firms
Are you finding it hard to recruit, retain or engage, let alone afford local Australian accountants? S&B Private offers a reliable, cost-effective way to grow your accounting firm by providing top-tier, Australian-trained accountants who are ready to join your team.
We know what talent you're looking for
As accounting practice owners ourselves, we’re your peers and colleagues. So you’re collaborating with fellow accountants that understand the people and skills you need.
We also know how frustrating it can be to find local Australian accountants with the talent and attitude to succeed. That’s why S&B Private exists – we’ll manage the offshore operations for you, so you can focus on what you do best.
Capabilities for Australian accounting firms
Our top-tier, Australian-trained offshore accountants are the solution you need to future-proof your firm.
Knowledge base
- Benchmarked against Australian accountants
- Ongoing CPD compliance
- Weekly live technical training sessions and case studies
- Accounting qualifications – graduate and postgraduate
- Cybersecurity training
Client management skills
- Strong English and cultural awareness
- Timely attendance to client queries
- ASIC compliance and corporate secretarial
- Accountable for timely lodgements
- ATO administration including correspondence and payment plans
Tax skills
- Preparation of referenced work papers
- Tax return and financial statements
- Tax planning
- Trusts
- Division 7a
- Capital gains and depreciation
- Technical research using ATO precedent and legislation
Accounting skills
- Management reports
- Cashflow management and forecasting
- Payment plans and banking
- Financial statements preparation
- Budgeting and forecasting
- FX calculations
Solve your accounting talent shortage
Having spent years training our offshore team in Australian accounting software systems, bookkeeping, accounting and tax compliance, we are now offering your firm the same tried and trusted solution to the accounting talent shortage. In fact, we’re confident that our accounting professionals’ skillset meets or exceeds that of equivalent local talent.
What does an offshore team look like in your accounting firm?
You’ll have your own dedicated accountant who is trained in Australian tax and is proficient with accounting software like Xero and MYOB.
Picture the newest member of your accounting practice as an entirely in-house and accessible member of your team.
Not only will they be working via the same systems, but they will enable you to extend your office hours across multiple time zones to benefit your clients and firm productivity.
How does this benefit you and your business?
Improve your finance cost efficiency
Minimise HR and training responsibility
Scale your finance team effectively
Access a team of specialised accountants
Establish an overseas presence
Profit from a more skilled and efficient talent pool
Enjoy soft skills and cultural understanding
Extend office hours across multiple time zones
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
FAQs
Your comprehensive guide to understanding our services.
How do I trust an offshore accountant for my firm?
As an Australian accounting business that uses this exact solution ourselves, we know first-hand that it is effective for supporting our team and growing our practice.
Our offshore accountant talent pool is made of highly trained accounting professionals who are qualified and experienced. They can insert themselves into your practice and fill any gaps in your team, as needed.
Are these offshore accounting staff equivalent to Australian talent?
Yes, and in most cases, our offshore accountant team members are often more qualified, more dedicated and more ambitious too. We ensure that your newest accounting team members are strong contributors to your accounting practice, every day.
What times will your offshore team members work?
Typically, they operate from 11.30 AM to 8.30 PM Australian time (AEST), which provides the advantage of extending your Australian office hours – enhancing the productivity of your accounting firm and client service capabilities.
What responsibilities do I have as an accounting practice owner or manager?
As an owner or manager of an accounting practice, your sole responsibility is to manage and communicate tasks and workflow to the offshore accounting team members.
We will handle everything else including recruitment, assessment, training, and any administrative aspects to save you time and ensure seamless integration into your existing operations.
How are offshore accountants trained in in Australian tax and accounting standards?
Our offshore accountants undertake rigorous weekly technical training sessions to ensure they are well-versed in Australian accounting standards and tax laws and maintain their CPD requirements.
What cyber security and IT measures do you have in place?
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 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.”
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.