Outsourced bookkeeping and accounting services
Clarity in your numbers. Confidence in every decision.
Gain the financial clarity enjoyed by much larger businesses – but for a fraction of the cost. When you outsource accounting to Lucent Advisory, our Australian-based team manages your bookkeeping and accounting processes end-to-end, keeping your finances accurate, your cash flow visible and your compliance on track. With smarter processes, connected systems that provide you complete visibility and real-time reporting, and our team supporting you, you can focus on running your business – not chasing it.
Outsourced finance solutions that work for your business
We understand that managing finances can quickly take more time and mental energy than most business owners expect. Evenings get lost to chasing invoices or untangling messy accounts, and decisions often rely on guesswork rather than reliable financial insight. You may find yourself unsure whether everything is being managed accurately or only discovering issues after they’ve become costly.
It’s not that you’re doing anything wrong; it is simply that your current processes cannot support scalable growth.
Our end-to-end services include:
- managed bookkeeping – transaction processing, bank reconciliations, accounts payable and accounts receivable, and clear, insightful reports
- tax and compliance – accurate, on-time BAS and IAS preparation and lodgement, reconciliations and financial statements
- payroll and superannuation – ensuring your people are paid correctly and on time
- management reporting – monthly insights, cash flow tracking, budgets and forecasting to help you plan ahead
- technology integration – secure, cloud-based systems, automation, setup and support for platforms like Xero, Dext, and Employment Hero
Need more comprehensive support? Our CFO and Business Advisory Services provide high-level financial leadership without the cost of a full-time executive. From budget forecasting to performance analysis, we help you navigate challenges, improve profitability and plan for scalable growth.
Smarter accounting, better business
Choosing to outsource bookkeeping and accounting functions to our multidisciplinary team of over 40 professionals, you’ll experience benefits that deliver real value:
- Reduced costs associated with hiring in-house staff
- Cost certainty through fixed, transparent pricing
- Complete financial visibility and control - access your financial data anytime, anywhere
- Confidence that your numbers are accurate and compliant
- Real-time financial insights into cash flow, profitability and expenses
- Clarity from financial reports you can actually use to inform your decisions
- Time to focus on initiatives that drive business growth and competitive advantage
- Scalable specialist support that adapts as your business grows
- Peace of mind knowing that a team of qualified professionals are on your side
If your finance function is growing beyond its current capacity, another hire is not the only option. Before making the decision, compare hiring with back-office outsourcing across the true employment cost, productive capacity, access to specialist expertise, continuity and scalability.
Our clients speak for us
Bring clarity, accuracy and confidence back to your finances
If you’re ready to simplify your bookkeeping and accounting, reduce the pressure of day-to-day financial management and gain real visibility over your numbers, we’re here to help. Our Australian-based team works as an extension of your business to keep your books accurate, your reporting seamless and your financial workflows running smoothly.
Let’s streamline your financial operations and give you the confidence to make better decisions – with support you can rely on.
Our 3-Step framework for helping you grow
The first problem we often find with new clients we work with is that they are ‘flying blind’ and unable to make effective decisions because they don’t have a clear picture on how their business is performing.
They might get reports from their bookkeeper or accountant but they’re not presented in a format that is easy to understand and interpret and no one can explain it to them. And in a lot of cases, they simply don’t trust the numbers being presented to them…
So, our first step is establishing a “true” picture of how the business is performing and to prepare accurate and reliable reports so that we help you to really understand “the story” behind your numbers.
This helps us pinpoint EXACTLY where the profit and cash flow leakages are in your business….
Once we’ve established where the “leakages” are we can develop a strategy to close the gaps.
This is all about knowing which “levers” to pull to drive profit and cash flow in YOUR business.
Now there are literally hundreds of levers you can pull (or KPI’s you can track) and their level of relevance and importance to you really depends on what type of business you’re in and what your ultimate goals are.
So, with this knowledge we’ll establish the 5 KPI’s that will have the biggest impact in your business and we’ll set specific targets for these along with a strategy for you to start implementing straight away to get you on track to your goals as fast as possible.
Now you might think the first 2 steps are enough, but step 3 is where the real shift happens….
So many business owners I meet are working 50, 60, 70 hours a week and are close to burn out – feeling like they have to take all the responsibility on themselves and that their staff just don’t understand or wouldn’t know how to help.
Not true!
What a lot of business owners and CEO’s don’t realise is it’s not their staff that is the problem, it’s that they haven’t communicated their goals in a way that is easy for their team to understand and follow….
But once we cascade the overall business goals down to an individual or role-based level, all of a sudden every team member can start to take ownership of their own goals and drive their own performance toward these goals.
Staff morale and motivation improves instantly as they can now see clearly how their individual performance impacts the entire business and they can benchmark their own performance against clear targets.
Steps to outsourcing accounting success
We ensure that your outsourcing experience is a streamlined stress-free experience.
- We conduct an audit of your existing financial processing to identify areas for process improvement, technology enhancement and where efficiencies can be achieved.
- We provide a report outlining our findings, proposed recommendations, and interpretation of what it all means for your business. We will consider your business structure, industry and consider your existing resources, technology, and other requirements specific to your individual business needs.
- The conversion of your existing files into a Xero Accounting system
- Customised chart of accounts and departmental/cost centre tracking to facilitate more effective reporting
- Customise your financial reporting templates
- Set-up any additional system recommendations including DEXT for accounts payable processing
- Supply your internal staff with the appropriate training for both change management and to ensure systems value is maximised
Operating as an extension of your organisation, you will be assigned a dedicated Account Manager and will have access to a highly qualified team of bookkeeping and tax professionals.
Our ongoing management services include:
- debtor management including invoicing services and following up outstanding accounts.
- creditor management including processing supplier invoices and paying bills.
- bank reconciliations and end of month reconciliations.
- BAS and Tax lodgements.
- payroll processing services available on request.
Business compliance and the Australian tax system is complex and changes regularly, but as specialist finance professionals we know our stuff. As part of our outsourced finance solution, you will also have access to real-time support including:
- advice and guidance to ensure your transactions are recorded accurately to avoid costly re-work at year end
- proactive and timely advice regarding changing legislations and/or accounting standards
- keeping you informed of new technologies and system enhancements
- general system support
- CFO and Business Advisory Services including forward business planning and forecasting, profitability strategy sessions, budget and cash-flow management
Smarter accounting. Clearer insight. Stronger business.
Managing your business finances shouldn’t be manual, disconnected or overwhelming. With Lucent, you gain a fully managed bookkeeping and accounting function delivered by an Australian-based team that understands your business and works alongside you as a true partner.
Our tech-enabled approach keeps your numbers accurate, your reporting seamless and your financial data connected – giving you clearer visibility and the confidence to make smarter, growth-focused decisions.
Outsourced bookkeeping and accounting FAQs
Outsourcing your accounting services provides you with a team of qualified professionals and advanced accounting technology at a fraction of the in-house costs. The business model saves you time, reduces your administrative burdens, and ensures compliance with tax laws and financial regulations.
Small businesses benefit from professional financial management without the need to hire full-time accountants. Through accounting outsourcing, this results in more accurate bookkeeping, timely tax compliance, and reduced financial risks, allowing business owners to focus on growth.
Yes, outsourcing accounting can be more affordable than hiring in-house staff. It eliminates payroll costs, training expenses, and the need for expensive accounting software, all while providing access to high-quality financial management and bookkeeping solutions tailored to your business needs.
Our team of experts stays updated on the latest financial regulations, tax laws, and ATO requirements. Through our outsourced finance and accounting services, we handle BAS and IAS lodgements, payroll compliance, and financial reporting with precision to keep your business compliant and stress-free.
We integrate with major accounting software platforms to ensure seamless financial management and data consistency across your operations. Our bookkeeping services are designed to work alongside your existing systems, making the transition smooth and hassle-free.
We work with leading cloud accounting platforms like Xero, Dext, Approvalmax, Fathom, and Employment Hero.
Our team can also help you migrate, integrate add-ons, and train your staff so you get the most from your systems.
Outsourced accounting is often more cost-effective than hiring in-house staff. It eliminates expenses related to salaries, superannuation, leave, office space, and equipment. Costs vary based on the services needed but typically range from $100 to $500 per month for small business accounting, making it a budget-friendly solution for professional financial management.
9 Bookkeeping Tips to Help You Grow Your Business
Bookkeeping is key to your business success. This is not something you can afford to be bad at. Bookkeeping is one of the most significant activities you can pursue to help ensure a profitable future for your business. By taking control of your business finances, tracking them accurately, and recording them, you create a valuable source of financial data. You can then use this to understand what has happened in your businessand set your future financial strategy.
Do you want to improve your bookkeeping? Get you FREE REPORT today and get started.
