Based in Sydney, our outsource accounting team provide cost-effective solutions to your problems. So you can work on your business – not get lost in it.
Every organisation has its own unique accounting & bookkeeping challenges. To meet your needs, we work with you, tailoring a service package that best works for your company.
Rest assured, our packages are all designed to reduce costs, and increase the efficiency of your business.
How we help
We assist your company across the following areas:
- Accounting Compliance
- Accounts Payable
- Accounts Receivable
- Asset Management
- Audit Preparation
- Business Activity Statements
- Cash Flow Reporting
- Credit Control
- Financial Reporting
- Taxation Advice
Why choose Penguin Management?
Our work ethic is second to none: we’re here to solve your problems.
With over 25 years’ experience, our focus on international and local SMEs, Start-ups & Not for Profits means we look after a diverse range of clients, from Australia, and around the world.
In fact, we’ve probably helped companies in your industry already.
All Penguin Management accountants and bookkeepers who will look after your financial requirements are Australian trained and qualified.
For security, integration and efficiency reasons, we do not outsource any accountancy or bookkeeping work to other companies or overseas, it all stays in-house!
Our close-knit team works from our Baulkham Hills and Sydney office to collaborate with you to maximise your financial opportunities and outcomes.
These memberships, partnerships & affiliations all allow us access to ongoing, expert training & resources; meaning we stay switched on to the latest company & taxation law changes.
We have experience of various cloud platforms and ERP systems; we are Xero Silver Partner, we also have access to the latest Xero Accounting information. If you’re thinking about moving to Xero or to other cloud platforms, we help you quickly & easily convert your existing accounting systems
Or perhaps you’re running enterprise-grade software? Our skilled team is adept in the use of all major platforms, including NetSuite, Sage & SAP QBO.
Outsource Accounting FAQ
Q. What is outsource accounting?
Outsourced accounting is a business process designed to reduce the costs of taxation compliance by contracting a third party to complete it.
Often, the third party company will be located overseas; this is known as offshore outsourcing.
Penguin Management’s outsourcing is completed right here in Sydney.
Q. Who needs to outsource their accounting?
Accounting outsourcing works best when a business sees a need for an in-house accounting department, but is unable, or unwilling to establish one.
The need may arise due to unexpected growth, or a desire to reduce current expenditure.
Q. What if we already have an accounting department, can you still help?
Yes, of course!
Penguin Management can work as your whole accounting function, or alongside your existing one, providing support when it’s busy, or staff are on leave. Just let us know what you need.
Q. How does it work?
After a consultation with one of our expert team, we’ll jump straight in and complete a comprehensive business & systems review, to assess the best strategy for your company.
Q. How much will outsourcing save?
Surveys have shown typical cost reductions when outsourcing business processes of around 15%. Of course, your own mileage may vary.
Q. Are you just another outsource accounting firm?
Our outsourcing services extend beyond traditional accounting to complete back office support.
And because many of these areas require inter-department communication, combining such services means we can maximise the time & cost benefits for you. Meaning you can focus on what matters: Growing your business.
Streamline your business today!
To find out how Penguin Management can help your company operate more efficiently, contact us today for your free consultation.