Outsourced accounting and finance services 

Running an effective finance function requires the right people, processes, systems and financial insight. For many businesses, maintaining all of this expertise in-house can be costly and difficult to scale. 

RSM's outsourced accounting and finance services give you flexible access to experienced professionals across bookkeeping, payroll, management reporting, forecasting, compliance and CFO support. Whether you need to outsource your entire finance function, strengthen an existing team or fill a temporary capability gap, we tailor our support to your business.

Our team works as an extension of yours, combining day-to-day financial management with practical insights that help you improve efficiency, manage risk and make more informed business decisions.

 What accounting and finance functions can you outsource? 

RSM can support all or part of your accounting and finance function, depending on the capabilities you already have in-house.

Our services can include:

  • Bookkeeping and accounts maintenance
  • Accounts payable and accounts receivable
  • Payroll administration
  • Management accounting and reporting
  • Cash flow management
  • Budgeting and forecasting
  • KPI and performance reporting
  • Tax and corporate compliance support
  • Virtual and outsourced CFO services
  • Finance systems and process improvement
  • Temporary finance function support
  • Australian finance support for international businesses
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 When should you consider outsourcing your finance function? 

Outsourcing can be particularly valuable when your business is growing faster than your internal finance capability or when employing a complete finance team is not yet commercially practical.

You may benefit from an outsourced finance solution if you:

  1. need better financial reporting or visibility over business performance
  2. are experiencing rapid growth or increasing financial complexity
  3. have gaps in your finance team
  4. need CFO-level expertise without hiring a full-time CFO
  5. are establishing or expanding an Australian operation
  6. want to improve finance processes, systems or automation
  7. spend too much management time overseeing bookkeeping and financial administration.

 Why choose RSM? 

Whether you're facing a specific challenge or simply looking to strengthen your business, our advisers work with you to develop practical strategies that support better decision-making and sustainable growth.

RSM's highly skilled and results-oriented business advisers team can help you access funding, save you time and money, make informed strategic decisions, develop comprehensive and cost-effective plans at each stage of your business' lifecycle, and identify opportunities that you would not have otherwise identified.

Having knowledge about the business and industry in which you operate, as experienced business consultants, RSM are able to provide you with long term expertise and objective advice that is tailored to your specific needs.

A strong finance function should do more than process transactions and meet compliance obligations. It should provide timely information that helps you understand performance, manage cash flow and plan confidently for what comes next. By outsourcing some or all of your finance function to RSM, you gain access to accounting, technology and advisory expertise without needing to build every capability internally.

  • A team, not one individual: accounting, tax, payroll, technology and advisory capability.
  • Flexible support: outsource a complete function or supplement an existing team.
  • From transactions to strategy: bookkeeping through to CFO-level insight.
  • Australian expertise, backed by a global network: particularly relevant for inbound businesses.

 Is your finance function keeping pace with your business? 

Whether you need additional accounting capacity, better financial reporting or CFO-level support, RSM can help you build a finance function that supports your next stage of growth.

 

OUR SERVICES

From bookkeeping and payroll through to cash flow, cloud accounting and management reporting, we absorb the burden so you can focus on what you do best.

Our team acts as a natural extension of your business, ensuring that you meet your compliance obligations while offering valuable insights to help you improve profits and achieve your business goals.

Be empowered with everything you need to grow your business without the high costs of a full time CFO.

Our flexible CFO services suit early-stage companies through to large organisations with complex financial and reporting requirements. We can act as your sounding board – part time or as often as you require advice – helping you benchmark performance and develop clear, executable strategies.

Alternatively, if you are a business owner who requires more support in relation to how the business is performing however do not have the budget to consider a full time CFO.

Learn more about our strategic CFO support services >>

In Australia’s highly regulated business environment, our strategic outsourcing specialists divest the burden of accounting, payroll, tax and regulatory compliance from a foreign head office – providing you with security and comfort that your local obligations are managed.

Whether you’re taking the first steps into the Australian marketplace or expanding an existing operation, an outsourced solution fixes your overheads and manages your risk, putting your business compliance in the hands of local experts.

If you have a key staff member leaving and require assistance with during the transition period, for documentation or a temporary resource to keep the main finance tasks running, payroll, accounts payable, monthly accounts RSM’s strategic outsourcing team can assist to ensure that there little to no disturbance period. 

This process allows RSM as provide an external perspective on how efficiently the finance function is running, look for opportunities to optimisation and create efficiencies.

Have you had on your to do list to look into upgrading that archaic system that takes your finance team days to process a task that could take 50% less time? 

Outsource this task to our team who understand these core financial tasks and how a simple app can increase productivity of your team. 

FAQs

Outsourced accounting involves engaging an external specialist to manage some or all of your organisation's accounting and finance activities. This can include bookkeeping, payroll, accounts payable and receivable, management reporting, budgeting, forecasting, compliance and CFO-level support.

An outsourced finance function gives your business access to a team of accounting and finance specialists without having to employ every role internally. The provider may manage your complete finance function or work alongside your existing finance team.

Outsourced accounting generally focuses on the ongoing operation of your finance function, including transaction processing, reporting, payroll and compliance. An outsourced CFO typically provides higher-level financial leadership, including forecasting, performance analysis, cash flow management and strategic decision support. Businesses may use either service independently or combine them.

Yes. Your finance function does not always need to be fully outsourced. RSM can complement your internal team by taking responsibility for selected activities or providing additional expertise and capacity when required.

Businesses often consider outsourcing when they are growing, experiencing staffing shortages, entering Australia, seeking better financial reporting or finding that their internal accounting requirements have become too complex or time-consuming.

Yes. Businesses entering Australia can outsource accounting, payroll, reporting and compliance functions rather than immediately establishing a complete local finance team. This can provide access to Australian expertise while allowing the organisation to scale its local operations over time.

Depending on your circumstances, outsourcing can provide access to a broader range of expertise, improve continuity, reduce reliance on individual employees, increase financial visibility and allow your internal team to focus on higher-value activities.

 

 Talk to an outsourced accounting specialist 

Tell us where your finance function needs support. Our team can help you assess your current requirements and determine the right mix of accounting, reporting, payroll and CFO services for your business.

 

 Why choose RSM? 

Practical advice

100+ years advising Australian businesses

Every stage of business  Supporting your business from start-up and growth through to succession and sale.

30+ offices nationally

National expertise  Local advisers backed by national specialists and RSM's global network.

Global network across 120 countries

Specialists across accounting, tax, corporate finance and digital

Specialists across accounting, tax, corporate finance and digital

Thousands of privately owned businesses supported

Thousands of privately owned businesses supported

Trusted advisers for long-term success

Trusted advisers for long-term success

Meet the team


The latest ideas and insights

Have you considered how outsourcing may benefit your business and support your staff within their finance function needs? 

From bookkeeping and payroll through to cash flow, cloud accounting and management reporting, we absorb the burden so you can focus on what you do best.

Our team acts as a natural extension of your business, ensuring that you meet your compliance obligations while offering valuable insights to help you improve profits and achieve your business goals.