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Frequently Asked Questions

Finance outsourcing refers to the practice of hiring a company like Business Avengers to handle specific finance-related tasks or functions that are typically performed in-house. This can include activities such as accounting (Accounts Payable and Receivable), bookkeeping, payroll processing, financial analysis, tax preparation, and more.

Companies choose to outsource their finance functions for various reasons, including cost reduction, access to specialized expertise, improved efficiency, scalability, and the ability to focus on core business activities. Outsourcing can often be more cost-effective than maintaining an in-house finance resource/team. Companies can be free from the hassles for hiring and maintaining staff which allows them to focus on growing the business.

Business Avengers works with all small, medium and large private, corporate and not for profit clients. Business Avengers is both industry and software agnostic.

  • Start to end bookkeeping for a small to medium business, it generally includes capturing all revenue and cost, payroll processing, filing monthly BAS statements and preparing end of year tax returns.
  • Accounts receivable (Billing/Invoicing, Collections, Bank Reconciliations), Accounts Payable (Invoice entry, payment processing, supplier reconciliations), Payroll processing (Calculating employee salaries, deductions, tax withholdings and compliance with payroll regulations), BAS filings for small to medium enterprises, large corporates and not for profit organizations.
  • Budgeting and forecasting: Developing budgets, forecasts and financial projections
  • Generally these days, clients have a fast server and a stable internet connection, Business Avengers can work 100% online and make sure that no data leaves the clients systems. Clients can assign what files/folders they want Business Avengers staff have access too.
  • We have disabled USB ports for all our staff
  • Clients can configure the dedicated staff’s hardware in line with the clients existing IT and security polices
  • Business Avengers has a Confidentiality Agreement signed by every employee
  • All our staff are recruited, vetted and affiliated within the same stringent controls you would use taking on staff for your Australian office
  • Your dedicated resource will be working from India but they are all part of Business Avengers Australia and all the clients are signing up with an Australian entity
  • We have Professional Indemnity Insurance for extra peace of mind.
  • You can get the respective Business Avengers staff to sign a confidentiality agreement direct with your company if you like.
  • We comply with the Australian privacy laws
Business Avengers is Australian owned an operated. Unlike majority of outsourcing providers, who will find a body and then leave all the training and risk with the clients, Business Avengers manages all of it’s staff, finds the most suitable resource for the clients and takes full responsibility of training and managing the resource. Business Avengers will remain engaged with the clients on a continuing basis.
  • A team based locally in Australia who will be in regular contact to ensure the service delivery is smooth. A dedicated business manager who will be your single point of contact.
  • Sourcing high caliber resources to manage your books
  • Our difference is the high quality in work and guarantee minimum 50% cost savings
  • If you decide to employ a full head count with us, we guarantee that the resource only works for you irrespective of the workload capacity
  • Business Avengers takes all the responsibility to manage the resource, all the client has to do is pay 1 invoice per month.

Business Avengers can access any cloud-based accounting software like Xero, MYOB, Netsuite, Microsoft Dynamics etc. and get access to the client’s systems and work drives. Business Avengers team member will be part of your extended team and will perform the role exactly as an in-house team member. Our staff will become part of the client’s eco system.

  • Business Avengers senior team members will reach out to you and have a business introduction call. In that call, Business Avengers team will understand your business in detail, the products or services you sell, the geographies you operate in and fully understand the structure of your P&L and Balance Sheet.
  • From there Business Avengers works with the clients to put Knowledge transfer/process handover meetings in place and build the process documentation. Once the knowledge transfer is complete, which generally takes upto 30 days, a dedicated resource in Business Avengers team will start servicing you and become part of your extended team.

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