Outsourcing
A finance function that runs properly, without building one in-house.
Who it is for
For businesses too small to justify a full finance department, companies whose bookkeeping has fallen behind, and organisations that want senior financial input without a full-time senior hire.
- 01
Accounting Services
Day-to-day bookkeeping, reconciliations, and preparation of management and statutory accounts. Kept to a standard that means the annual audit is a review rather than a reconstruction.
- 02
Payroll Services
Payroll processing, end-of-service calculations, and the associated records. Confidential by construction, payroll is the function where internal handling most often creates avoidable exposure.
- 03
Budgeting
Building budgets that are usable, and reporting actual performance against them often enough for variances to be acted on rather than merely noted.
- 04
CFO Services
Senior financial leadership on a part-time or interim basis, reporting, cash and funding strategy, board and lender engagement, and the financial judgement a growing business needs before it can justify a full-time CFO.
- 05
Fixed Assets Management
Maintaining the fixed asset register, applying depreciation consistently, handling additions and disposals, and keeping the register reconciled to what physically exists.
- 06
Inventory Management
Inventory records, valuation, count procedures and variance investigation. For most trading and manufacturing businesses this is the largest number on the balance sheet and the one most often wrong.
- 07
AP Management
Accounts payable processing, supplier reconciliations and payment run preparation, with the approval controls that prevent the failures this function is prone to.
- 08
GL Management
General ledger maintenance, month-end close, and reconciliation discipline, the substructure everything else in the finance function rests on.
Most businesses do not need a finance department. They need the finance function performed, accurately, on schedule, and to a standard that holds up when examined.
Outsourcing that function to a licensed audit firm brings a particular advantage: the records are maintained by people who know precisely what an auditor, a lender and a tax authority will each want to see, because that is the work we do.
Answers
Outsourcing questions, answered
Is outsourcing accounting appropriate for a small company?
Frequently it is the better option. A small business rarely generates enough work to justify a qualified full-time accountant, but still needs qualified work done. Outsourcing gives you the competence without the headcount, and removes the key-person risk of one internal person holding the whole finance function.
Can you take over books that are behind or disorganised?
Yes, and it is a common starting point. We establish the current position, bring the records up to date, and then maintain them on a regular cycle. The catch-up work is scoped and quoted separately from ongoing service.
Will outsourcing our accounting make the audit easier?
Records maintained to a consistent standard, reconciled on a regular cycle and supported by organised documentation make any audit faster and less disruptive. Note that where we provide both services, we apply the independence safeguards required of a licensed audit firm.
How is confidentiality handled?
Confidentiality is one of the firm's stated core values and a professional obligation binding on us under Omani professional law. It applies to payroll and financial data without exception.