Outsourced Accounting Solutions for Business Efficiency

Outsourced Accounting Solutions

Outsourced accounting and bookkeeping offer a straightforward way to cut business costs while gaining expert financial support.

Overview

Outsourced accounting places financial experts in charge of your business. Many businesses turn to us to reduce costs without losing access to professional advice.

By outsourcing bookkeeping and accounting, you’re futureproofing your business with a scalable service that costs less than hiring a full-time employee.

With Fastlane Accountants as your virtual accountant, you also gain access to our business advisory services, offering a complete financial solution.

Less admin, more time for your business!

Fastlane compliance, we’ll proactively find ways to boost profitability and ensure you pay the correct tax amount.

Outsourced bookkeeping and accounting from Fastlane Accountants is your ticket to hassle-free finances.

We’ll provide smart, streamlined bookkeeping services that keep your financial records and information safe, simple, and stress-free. No more chasing payroll or digging through boxes of receipts. Free up more time and headspace to focus on what’s most important — running your business.

We help deliver outsourced payroll and bookkeeping services to businesses of all shapes and sizes. Our outsourced bookkeeping and accountancy services include:

Bookkeeping

Payroll
Superannuation payments
Catch-up bookkeeping
Business Activity Statements (BAS)
Streamlined compliance tasks
Managing supplier payments

Accountancy

Management reports for businesses
Business tax returns and financial statements
Tax planning
Sale of business: Preparation of Vendor’s (section 52) statements for business sales
Business structure advice
Buying a business: Reviewing vendor’s financial information
Monthly management meetings
Advice on asset purchases (e.g. machinery, cars, etc.)

Our outsourced accounting and bookkeeping services are fully tailored, with costs varying based on your business’s size and the specific areas where you need assistance. Our service pricing is scaled to your business, ranging from $5,000 to $20,000—significantly less than hiring a full-time bookkeeper!

Our services are billed as a monthly subscription, and we’re always available if you have any questions.

Consider us your virtual accountant.

An accountant is a highly skilled professional who can add significant value to your business. For many, hiring a full-time accountant isn’t practical. The alternative? Outsourced accountancy.

By opting for a full-time accountant, you gain a financial expert along with the cost of superannuation and leave benefits. Choosing an outsourced or ‘virtual’ accountant means accessing top-tier expertise without the high costs of a full-time employee. You only pay for the time and services you actually need.

When should I hire a virtual accountant?

Outsourced accountants are often called virtual accountants, meaning they handle all tasks remotely rather than occupying office space. This setup eliminates costs for annual leave, personal leave, and superannuation, providing the benefits of an in-house accountant at a fraction of the cost. Additionally, hiring an outsourced accountant on a retainer allows you to adjust their services based on your business needs.

Businesses choose outsourced accounting for various reasons, including:

Poor value from their current in-house accountant
Too large to manage books and BAS in-house
Not large enough to justify a full-time accountant
Desire to streamline bookkeeping and accounting
Need to reduce time spent on compliance

If any of these scenarios apply to you, outsourced accounting could be the ideal solution.

Outsourced accounting delivers the expertise of a full-time accountant at a fraction of the cost.

When should I hire a virtual accountant?

As a business, you might already outsource various functions like marketing, supply chain management, or legal services. Outsourced accounting is no different and offers similar benefits, including:

More Time: Focus on growing your business instead of managing accounts.
Lower Costs: Pay only for the services you need without the costs of hiring a full-time accountant, such as salaries, annual leave, and superannuation.
Improved Continuity: Avoid disruptions when an in-house accountant leaves, ensuring consistent accounting services.
Scalable Services: Adjust your accounting needs as your business grows, with the flexibility to access additional support and one-off projects.

Our outsourced accountancy services include:

Management reports for businesses
Business tax returns and financial statements
Tax Planning
Sale of Business: Prepare Vendor’s (section 52) statements
New business setup
Business structure advice
Buying a business: Review of vendor’s financial information
ABN, TFN, and ACN applications

Outsourced Bookkeeping with Fastlane Accountants

All businesses require bookkeeping services, but many struggle with managing these tasks in-house due to the cost of hiring a full-time bookkeeper. Outsourced bookkeeping offers a cost-effective solution, providing all the essential services at a fraction of the price.

By outsourcing your bookkeeping to Fastlane Accountants, you gain access to a faster, more efficient, and reliable service, allowing you to focus on running your business.

Choosing Fastlane Accountants also means receiving personalized, practical advice on enhancing your business operations and ensuring you pay the right amount of tax.

A virtual bookkeeper manages all your daily bookkeeping tasks, so you can focus on running your business.

Avoid getting bogged down in tax, compliance, and bookkeeping tasks. Let us handle everything, so you can focus on what matters most.

When should I outsource my bookkeeping?

We offer outsourced bookkeeping to a diverse range of clients, each with their unique needs. Common reasons for choosing outsourced bookkeeping include:

Uncertainty about the accuracy of your business records
Lack of confidence in your financial data
Complications with tax or compliance requirements
Bookkeeping tasks detracting from your core business activities
Difficulty keeping up with business transactions
Forgetting to send invoices
Unsure if your business is profitable
Late tax and BAS lodgments
Need for clear reports on your company’s cash flow

Why should I use outsourced bookkeeping?

Outsourced bookkeeping offers numerous benefits, simplifying your financial management and ensuring ATO compliance. Here’s why it’s a smart choice:

Reduced Operating Costs: Hiring a full-time bookkeeper can be expensive. Outsourcing provides the necessary services without the added costs of an in-house employee, saving you significant amounts annually.
More Time for Your Business: Managing bookkeeping internally or overseeing an employee takes valuable time away from focusing on your business. Outsourcing allows you to concentrate on what matters most—running and growing your business.
Scalable Services: As your business grows, so do your bookkeeping needs. Outsourced bookkeeping can adapt to your evolving requirements, from basic services to advanced accounting tasks. With Beyond Accountancy, you also get access to one-off projects and additional support as needed.

Our outsourced bookkeeping services include:

Payroll
Catch-up bookkeeping
Business Activity Statements (BAS)
Streamlined compliance tasks