The information you gain from management accounting can be priceless in assisting you to make meaningful decisions. However, employing an in-house, full-time management accountant might not suit your organisation right now.
We offer clients the choice of fully or partially outsourcing their management accounting function, tailored for their specific, and evolving needs. Using web-based accounting software we can give decision makers the support of a virtual financial controller.
Whether your company is a new or established domestic business or an overseas business venturing into the Irish market for the first time, our flexible combination of online software and outsourced accounting services can help you meet your reporting and resourcing requirements.
A flexible platform for stable business growth
Our team of experienced accounting professionals has been working with clients to improve their reporting and streamline their back-office accounting practices.
Our standard reporting suite includes summary dashboard reports as well as detailed financials. You can drill down all the way to transaction level, giving full visibility of all accounting transactions.
Working with businesses like yours
Our clients have found the below services invaluable:
- bookkeeping and accounting assistance delivered by experienced professionals;
- dynamic online management reporting accessed via our client portal;
- detailed drill-down to financials including scanned images of purchase invoices, viewed from within the portal;
- secure storage of all your confidential accounting information; and
- access to the full range of business services provided by RSM’s professional advisors.
Transaction processing and bookkeeping
We tailor our range of bookkeeping and back-office services to your company’s needs, freeing up your time and resources for more productive activities. Bookkeeping and other back office tasks can be expensive and time-consuming. Consider outsourcing them to our specialist team.
We gather data and will collaborate with your organisation using a leading cloud portal. Its secure user-friendly workspaces allow us to share and collaborate on files with clients. We will gather bills and expense claim data with mobile phone apps or email addresses specifically for your team. We will use a cloud-based OCR system which extracts the key information, removing the need for manual data entry.
Our goal is to provide simultaneous real time access, for you and your staff, to accounting records and business documents. We also provide timely, accurate and insightful results you need to optimise business performance. We can take care of any or all the following tasks, depending on your exact requirements:
- sales ledger including raising sales invoices;
- purchase ledger including paying suppliers;
- bank account administration and management;
- VAT returns preparation and submission;
- employee expenses management;
- cash and credit card expenses management;
- fixed assets recording and depreciation;
- intercompany transaction generation and processing;
- management accounting including all journals and other adjustment; and
- tailored management reporting.
We can support you with a tailored combination of process automation, systems integration and manual processing.
Our outsourcing team works in close conjunction with our colleagues in other RSM Global teams, both to share information and to streamline our service delivery. This enables us to give you access to specialist advice where opportunities or risks are identified.
Based on accounting data received from clients or from the output of transaction processing and bookkeeping service, we prepare periodic management accounts. All clients receive our standard suite of web-based reports with drill-down to transaction level and scanned copies of invoice. This gives decision makers the support they need from a finance function and gives them the peace of mind to focus on growing their business.
We support clients by initiating payments to suppliers based on the credit terms agreed. We ensure invoices have met the client’s approval process before presenting payments to our clients for authorisation.
No two businesses are the same. When required, we agree with clients tailored content of management accounts which include key performance indicators (KPI’s) specific to their industry.
For more information about how RSM’s outsourced management accounting service can help your business, contact us.