Southpac Group is pleased to provide accounting services for all clients and related parties of clients who wish to take advantage of these services. We offer these services not just in relation to trusts with a Southpac trustee, but on a standalone basis for any entity.
This article provides more detail on the services we can offer.
What is Client Accounting?
Client accounting services go beyond the scope of traditional bookkeeping. Southpac can provide a holistic service for the client’s business, acting similarly to an outsourced accounting department. Client accounting involves offering a deeper level of financial management, advanced management reporting and business advisory support for our business clients.
Scope of Services
Our suite of client accounting services includes the following, which clients can combine to form a bespoke package catering to their needs:
- Accounts payable
- Accounts receivable and invoicing
- Reconciling accounts
- Creating financial statements
- Wealth management
- Consulting
- Payroll management
- Cash flow analysis (such as cash management and reconciliation)
- Advanced management reporting
- Benchmarking and assisting with KPIs (key performance indicators)
- Business performance analysis
Principal Benefits of Client Accounting Services
- Client accounting services help businesses needing more resources or expertise to maintain compliant accounts without needing to develop in-house expertise.
- By outsourcing their accounting functions to a firm they trust, businesses can benefit significantly by having access to accurate management of their finances and valuable insights into performance.
- Scalability of increasing or decreasing resources for businesses depending on timelines and workloads.
- Access to skilled, experienced accountants who can provide an accurate and timely accounting service.
- Clients are able to focus on core business operations without distraction.
- Access to data and insights to help business make informed strategic decisions.
For more information or to request a quote for a bespoke Client Accounting Services package, please contact us.
