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Supporting your business so you can focus on what matters most
It is critical for any business to adequately manage their finances. However, it can be challenging to remain cost-effective and operate streamlined processes while navigating the complex maze of legislation. Outsourced accounting often helps organisations to better manage costs, access more detailed reports and analysis, utilise the best accounting technology and give time back to senior management for other essential activities.
RSM’s outsourced accounting services can help to improve your company’s finance function. Our staff have a breadth of knowledge and experience in providing specialist financial advice across a range of industries. Whether you work nationally or internationally, we can ensure your business is compliant with all relevant rules and regulations, thanks to our global connectivity. Our accounting services extend to large international and multi-national companies, South African focused entities and small private companies.
Our team will work collaboratively with you to understand the unique aspects of your business and any challenges you may face. This allows us to develop accounting and payroll solutions that best suit your needs.
Our Accounting & Finance Outsourcing services includes:
Why RSM's Outsourced Accounting Services?
Outsourced accounting and VAT compliance
RSM’s Outsourced Accounting team offers a suite of services where you will benefit from expert knowledge that is leveraged on leading technology platforms and tailored to your own unique needs.
Our team will externally manage many of the financial business processes that, while necessary and important, often pull resources from your core business functions. Our on-demand accounting solution gives you access to personalised, technical expertise on-call and aligns your business with best practice systems, processes and technology.
Payroll services
RSM’s outsourced payroll service acts as a natural extension of your business, ensuring that your employees are paid correctly and on time.
Our Payroll solutions are fully flexible and scalable to integrate seamlessly into your current business operations. You can choose to have a strictly internal model, a co-dependent operation or a completely outsourced accounting function. So whether you’re looking to outsource your payroll services, entire accounting faculty or need assistance with a specific project, RSM can offer the appropriate package.
Cloud accounting
RSM's Cloud Accounting team will work with you to assess the unique needs of your organisation and get your business systems operating efficiently. In addition to moving your core financials to the cloud, we can help you select and implement solutions to automate your key financial functions.
RSM has partnered with Xero and Sage as trusted cloud solution providers which offer seamless outcomes with clear and easy access to your organisation’s financial information.
Operational functions, such as bookkeeping and payroll management, are very important and require specialised knowledge but are routine and time consuming activities that do not really form part of the core business operation. By choosing to outsource these functions to experienced professionals like RSM, the management team is then able to concentrate on the development of the business by applying their limited resources to activities which will promote growth and the enhancement of business strengths.
Finance and accounting outsourcing can also help a company to reduce its overheads as well as its employee costs while gaining expertise in the required field. RSM’s trained, professional staff work with you to understand the objectives and goals of your business and have extensive skills and knowledge to ensure the services are provided in an effective and proficient manner.
By outsourcing your company’s accounting and payroll needs, you can maintain a business that is powerful in all aspects, have the peace of mind that legislation is being complied with and statutory deadlines are being met. You’ll also be safe in the knowledge that the financial position of your business is correctly presented so that you are better prepared to make calculated business decisions.
- Skilled expertise and up-to-date knowledge in the relevant tax legislation.
- Use of the latest technology and cloud-based accounting packages, resulting in cost saving on software licencing and upgrades.
- Full service offering including processing of payroll registrations, registration of all payroll-related taxes, SARS tax directive applications, any other SARS-related queries and administration of other HR-related functionalities.
- Takes the stress out of meeting monthly and annual compliance deadlines, as well as monthly statutory requirements with the Department of Labour.
- Real-time payroll reports available upon request.
- Better risk management by eliminating the risk of fraudulent transactions to ghost employees and reducing payroll processing errors.
- Necessary resources to handle complicated tax calculations for expat employees in compliance with South African law.
- Enhanced security of payroll data.
It is essential for companies to understand the legal and regulatory requirements of payroll management in the country in which they are operating, as non-compliance can lead to severe consequences such as fines and penalties. Through our global network of firms, RSM is able to provide business accounting, employment tax and payroll services across multiple jurisdictions
South Africa specifically has a unique set of regulations governing the payroll and accounting process. Our team of experts have the experience and knowledge needed to navigate the complex tax and legislative requirements for employers and employees in South Africa.
