Outsourced Finance Team & Offshore Resourcing
Quality offshore accountants for your company’s finance team
Are you struggling to resource and grow your finance team? At S&B Private, we help Australian businesses like yours strengthen their finance team with top-tier, Australian-trained offshore accounting professionals.
We've been in your shoes
Being experienced Australian accounting practice owners ourselves, we know what to look for in an offshore finance team. And we understand the importance of your finance function to you and your business.
We’ve spent years training our specialist offshore finance team in Australian accounting software systems, bookkeeping, accounting and tax compliance. That’s why we’re confident that our finance professionals benchmark highly against equivalent local talent.
What does a dedicated offshore accountant look like in your business?
Picture the newest member of your internal finance function 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 customers and compliment your existing team.
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
Capabilities for Australian businesses
Our top-tier, Australian-trained offshore accountants are the solution you need to future-proof the finance operations of your business.
Management Accounting
- Budgeting and forecasting
- Cashflow analysis
- Margin and profitability analysis
- Variance analysis
- Management presentations and board packs
Bookkeeping
- Bank reconciliations
- Accounts receivable and accounts payable
- Payment plans and banking
- Payroll processing
- BAS and IAS preparation
- Payroll tax and workcover reporting
Special projects
- Software implementation and integration
- Preparation for financial audits and reviews
- Accounting software migration
Communication skills
- Strong English and cultural awareness
- Integrate on a professional and personal level with onshore team
- Work on team projects or independently
- Accountable for deadlines
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 business?
We invest the time and resources into assessing and recruiting highly motivated and highly qualified staff for your specific business needs. Once you determine that they’re the right match, we are still here to help oversee their work and continually upskill them.
As Australian accounting professionals ourselves, finance is our specialty. This means that you’re partnering with industry specialists who are managing the offshoring process for you. We know what to look for and who will be the best fit for your finance team requirements – both today and in the future.
Do you recruit for any other offshore roles?
No, our business is exclusively focused on recruiting and training qualified finance and accounting professionals. That’s because we are Australian accounting and finance professionals ourselves. Unlike many other offshore providers that recruit for a wide range of roles such as IT, administration and marketing, we are dedicated to servicing the finance and accounting sector and use our extensive experience in this area to benefit your business.
Can I rely on an offshore accountant?
Absolutely – if you find them through us. Founded by Australian accounting professionals, all our staff undergo rigorous technical training in Australian tax and accounting. Additionally, they are well versed in the cultural and professional norms specific to Australian businesses. We are dedicated to ensuring our team communicates and integrates seamlessly with your onshore team.
What times will your offshore finance 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 finance team and service capabilities.
What responsibilities do I have as a business owner?
As a business owner, your sole responsibility is to manage and communicate tasks and workflow to your new offshore finance team member.
We will handle everything else including recruitment, training, and any administrative aspects to save you time and ensure seamless integration into your existing operations.
How are offshore accountants trained to meet Australian 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 of your data. Our IT systems are managed by a trusted external service provider based in Melbourne, Australia. We have invested heavily in robust IT systems and infrastructure in 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.