Our experts list the best accounting firms in Melbourne that provide a wide variety of services, from cloud accounting to payroll processing, bookkeeping and more. Filter to sort them by average rates, client reviews, team size and budget, and select the best match for your business needs.
Organic rankings are determined by five factors: top services, reviews, portfolio, awards/press, and team expertise. Sponsored listings pay for a placement that appears above organic positions. Sponsorship does not affect star ratings or review content - read more on our methodology page.
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K Partners has served thousands of clients over 20+ years. Its services include financial statements, bookkeeping, BAS lodgement, and SMSF reporting alongside tax planning. The accounting company in Melbourne is recommended for small businesses and SMSF trustees wanting one firm for both...
Top Services:
- Accounting
- Business Consulting
- Location
- Melbourne, Australia
- Number of Employees
- Under 49
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsK Partners Pty Ltd Services
Data sourced from the agency's DesignRush profileCorporate Services Industry Finance Industry Legal Industry
IT, Business, BPO, Audit, Tax and Advisory are just the beginning.
Grant Thornton fields over 9,000 professionals across 46 offices within a 76,000-strong global network. It ranks top 5 for IPO and Russell 2000 audits, covering audit, tax, and advisory work. The agency is best for large companies needing audit and tax support from one of the top accounting firms in...
Top Services:
- Accounting
- Business Consulting
- Market Research
- HR Outsourcing
- Software Development
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
- Average Hourly Rate
- $35/hr
- Minimal Budget
- $1,000 - $10,000
- Portfolios Count
- 2 Projects Listed
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsGrant Thornton Services
Data sourced from the agency's DesignRush profileFinancial industry Real estate industry Media and Entertainment industry
Grant Thornton Reviews & Testimonials
Theodore Mall's Review Sourced from Google
One of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton has revenues in excess of $1.9 billion and operates more than 50 offices.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsSupercharge your back office.
Visory runs an online platform matching AU and NZ businesses with certified onshore bookkeepers. It offers bookkeeping, payroll, AP/AR, and reporting, with industry teams and set monthly fees. The agency suits growing businesses wanting bookkeeping via a digital platform...
Top Services:
- Accounting
- Location
- Melbourne, Australia
- Number of Employees
- 50 - 99
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsVisory Services
Data sourced from the agency's DesignRush profileGodfrey's Tully's Butcher Bak'd Hotbread
Visory Reviews & Testimonials
Omar's Review Sourced from Google
I normally don't engage in conversation too much with companies who call through to offer their services, but Jeremy was great, friendly and the services Visory offer are greatHad we not already been engaged with another provider who is already doing great work with us, I would have definitely considered moving across.Thank you!Care with Kindness team.
Thomas Eckardt's Review Sourced from Google
We've been working with Visory for over a year now and I can not recommend them highly enough. The platform is easy to use and the team are very responsive to all enquiries. As a small business it is great to have access to this level of expertise.
MARK WILLMORE's Review Sourced from Google
We couldn’t recommend Visory anymore highly!We transitioned to Visory after we determined that our current bookkeeping was not up to scratch - from payroll, entitlements, accounts payable, accounts receivable to management of any day to day expenses and much more.The team at Visory onboarded our absolute mess of financial records and cleaned it up in no time at all. After employing someone for years in a full-time capacity - not only are we saving time and money but with the expertise and professionalism the Visory team bring to our company - we can plan for the future with 100% confidence and transparency.Rather than relying on one person and their competency - we now have a number of specialists in all areas and a back up team to accommodate.Thank you to the whole team (Nic, Glenn, Hayley and Renae) who are all brilliant in actioning and understanding our queries and requirements on a day to day basis. Our systems and procedures have improved out of sight in just a matter of weeks!I wish we had this team at Visory in place years ago!
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsExpert Forensic Accounting Solutions
Acuity Forensic is a forensic accounting firm based in Sydney, Australia. Trusted by litigators, blue-chip corporates, and government departments, Acuity Forensic provides expert advice, reports, and testimony to achieve equitable resolutions in financial disputes. Specializing in commercial disputes...
Top Services:
- Accounting
- Location
- Melbourne, Australia
- Number of Employees
- Under 49
- Average Hourly Rate
- $300/hr
- Minimal Budget
- $1,000 - $10,000
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsAcuity Forensic Services
Data sourced from the agency's DesignRush profilePinsent Masons Piper Alderman Finance Industry
Tailored Accounting for Lasting Success
Allied Business Accountants is a Xero Gold Partner offering bookkeeping, Virtual CFO, and SMSF with no lock-in. Work extends to foreign company registration and resident director services. The agency is best for small businesses and foreign companies wanting market-entry support...
Top Services:
- Accounting
- Location
- Melbourne, Australia
- Number of Employees
- Under 49
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsAllied Business Accountants Services
Data sourced from the agency's DesignRush profileMedical Industry Real Estate Industry Legal Industry
Allied Business Accountants Reviews & Testimonials
Uber Sales's Review Sourced from Google
Allied Business Accounting has been an absolute lifesaver for our business! They handle our books with precision and professionalism, ensuring everything gets filed on time with ease and minimal headache. Their expertise and efficiency give us the peace of mind to focus on growing our business. Highly recommended to anyone looking for reliable and stress-free accounting services!
Bruce F SUTTOR's Review Sourced from Google
I have found Allied to be understanding, cooperative and right up to date on current accounting and tax issues. They have guided me through establishing and administration of our Self Managed Super Fund which has supported my retirement. I appreciated direct contact with senior management and would recommend Allied to any person requiring advice and support for their financial matters. Bruce SUTTOR.
Rachelle Williams's Review Sourced from Google
We’ve been using Allied Accountants for 8 years, and couldn’t imagine going anywhere else. David is always available to respond to emails and quick return missed phone calls. He’s friendly, upfront, professional and his services are affordable. If I could give more than 5 stars I would
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsAffordable Accounting Solutions for Small Businesses in Australia
Elite Plus Accounting has 12 years of experience, serving 500+ small business clients. It offers bookkeeping, payroll, BAS, and virtual CFO support, with Xero-certified staff and fixed-fee pricing. The agency fits small businesses wanting affordable, all-in-one accounting from one of the best accounting firms...
Top Services:
- Accounting
- Location
- Melbourne, Australia
- Number of Employees
- 100 - 249
- Average Hourly Rate
- $50/hr
- Minimal Budget
- Under $1,000
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsElite Plus Accounting Services
Data sourced from the agency's DesignRush profilePlumbing & Maintenance Company (Sydney) Healthcare Practice Wholesale Distribution Company
Elite Plus Accounting Reviews & Testimonials
Ed Williams's Review Sourced from Google
I've been very pleased with the support the Henry and the team at Elite Plus have provided in helping support some business entities that I didn't have the direct capacity to look after. They have provided a thorough service at excellent value and highly recommend their services.
Raman Bhambhu's Review Sourced from Google
Really impressed with the team at Elite Plus Accounting. They provided practical advice that saved me more than $1,000. Very responsive, professional and easy to deal with. Highly recommended.
Shiv Partap's Review Sourced from Google
Henry has been great to work with. He understands small businesses and provides practical advice. Since working with Elite Plus Accounting our financial reporting has been much clearer.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsExpat Tax Accountants In Melbourne
Looking for expat tax accountants in Melbourne? As an award-winning CPA practice, AIM S Australia Pty Ltd stands out as the leading expat tax accountants in Melbourne. Tax Accountants at AIMS Australia focus on high-stakes compliance, specifically overdue tax return filing for non-residents and expats. From...
Top Services:
- Accounting
- Location
- Melbourne, Australia
- Number of Employees
- 50 - 99
- Average Hourly Rate
- $450/hr
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsAIMS Ausralia Pty Ltd Services
Data sourced from the agency's DesignRush profileCorporate Services Industry Finance Industry Education Industry
Collaborating for Lasting Impact in Business Consulting
Deloitte operates through 12,000+ people across 19 locations. Its audit work includes accounting and reporting assurance, alongside tax and business process solutions. The agency is recommended for large organizations wanting audit and accounting from one of the top accountants in Melbourne...
Top Services:
- Business Consulting
- Accounting
- HR Outsourcing
- Big Data Analytics
- CRM Consulting
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
- Portfolios Count
- 6 Projects Listed
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsDeloitte Services
Data sourced from the agency's DesignRush profileFinancial industry Government Sector IT industry Manufacturing industry Telecommunications industry
Deloitte Reviews & Testimonials
InlineAdam's Review Sourced from Google
So sphiscated accounting systems I must say. For what? Never saw an irs payable in any return they asked me to prepare although I’m no licensed accountant. No names no whistle just a honest google review. Makes me wonder what an accountant does, cooking books or AICPA reporting them. No mark up in my basis. The roc building is beyond comprehension though, they even do SNL up or down stairs never got to see a show so I don’t know
ModernfoldStyles, Inc.'s Review Sourced from Google
We are proud to have been able to offer a beautiful Modernfold panel recovery job to give the walls a facelift to complete newly renovated meeting rooms at Deloitte in Rockefeller Plaza. Deloitte has always been such a great and dear client of ours! We look forward to continuing to work together in the future!
Alex Stackhouse's Review Sourced from Google
Deloitte completely failed implementation of Army IgnitEd, which led to thousands of service members paying out of pocket for education expenses. The circus that we watched unfold leaves me with zero confidence in the services that this firm provides.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsPhalanx Accounting has served Australian businesses for over 20 years, with 500+ clients and a 99% success rate. As a Xero Gold Partner, the firm manages bookkeeping, BAS, GST, and payroll. The accounting company in Australia suits small and medium businesses wanting a long-term accounting partner...
Top Services:
- Accounting
- Business Consulting
- Location
- Melbourne, Australia
- Number of Employees
- Under 49
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsPhalanx Accounting Services Services
Data sourced from the agency's DesignRush profileIT Industry Financial Industry Small Business Industry
Get financial peace of mind with Nexia's trusted expertise.
Nexia Australia belongs to Nexia International, a top-20 network with 497-plus offices in 118 countries. Its audit practice covers assurance and reporting advisory, plus tax and business advisory. The agency is best for growing businesses wanting audit and tax at global scale...
Top Services:
- Accounting
- Business Consulting
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsNexia Australia Services
Data sourced from the agency's DesignRush profileBiotechnology Industry Hospitality Industry Construction Industry
Hall Chadwick is one of Australia's largest accounting groups, with a 920-plus team. Its services include cloud accounting, audit, R&D tax, and forensic accounting via a 324-firm PrimeGlobal network. The agency is recommended for mid-size businesses wanting accounting under one roof...
Top Services:
- Accounting
- Business Consulting
- Location
- Melbourne, Australia
- Number of Employees
- 100 - 249
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsHall Chadwick Melbourne Services
Data sourced from the agency's DesignRush profileFinancial Industry Healthcare Industry Biotechnology Industry
Hall Chadwick Melbourne Reviews & Testimonials
Andrew Dorward's Review Sourced from Google
It's frustrating that what was initially communicated as a 60-day administration process for Hills Ltd back in June 2023 has now stretched nearly a year later with no resolution in sight. The promised dividend payout, initially slated for early January 2024, has been repeatedly postponed, first to April 12th, and now to May 29th, 2024. It appears that Cindy Chen and her associates at Hall Chadwick are dragging their feet, prolonging the situation to their own advantage. Such behavior warrants scrutiny, and ASIC should consider investigating them for potential misconduct.
Richard De Nardi's Review Sourced from Google
Do not use this company. They inflate the final fee from the original estimate without providing any warning. In my case by more than 50% and they do not apply CPA standards consistently to valuations. I found the valuator to be arrogant and evasive when asked to substantiate the numbers provided noting the variation to date exceeds 500% from the model provided to the ATO accepted data.
Adrian's Review Sourced from Google
Was owed money as a creditor. They sold assets for pennies on the dollar to "employees" of the company being liquidated. Was calling for years with no updates or responses. They decided to prioritise creditors such as banks above the contractors. Such a low blow on society when the banks lend crooks money and manage to claw most of it back and independent contractors are stuck footing the bill. Not sure how you sleep at night destroying people's livelihoods. A fairer system would be to pay back everybody proportionately. If you recover 30% then give 30% back to all the creditors, don't just pay back the VIPs and give the workers nothing. Why are millionaire bankers more important then the working class!
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsEmpowering Your Accounting Decisions.
Crowe operates through Crowe Global, a network of 300+ firms in over 150 countries. Its audit practice covers financial statement audits and SOC/PCI compliance, plus federal tax work. The accounting firm in Melbourne is recommended for large organizations wanting audit and tax at global scale...
Top Services:
- Accounting
- HR Outsourcing
- Business Consulting
- Market Research
- BPO
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsCrowe Services
Data sourced from the agency's DesignRush profileBanking Industry Food Industry Fintech Industry
Crowe Reviews & Testimonials
RA's Review Sourced from Google
As an accounting firm I would give them 1 star. I recently discovered a litany of deductions they failed to consider. You will be given an EA, which is just a glorified tax preparer. They will know nothing and be slow to reply. You might as well get your taxes done by H&R block or a proper independent CPA. If these folks do your taxes, get prepared for a larger tax bill. I strongly advise against it.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsYour Goals, Our Expertise
Abound Group's accountants bring over 60 years of combined experience and a Top Accountant 2025 recognition. Its accounting covers P&L statements, balance sheets, budget analysis, and ASIC compliance. The agency fits businesses wanting accounting with company maintenance...
Top Services:
- Business Consulting
- Accounting
- Location
- Melbourne, Australia
- Number of Employees
- Under 49
- Minimal Budget
- $1,000 - $10,000
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsAbound Business Solutions Services
Data sourced from the agency's DesignRush profileFinance Industry Construction Industry Real Estate Industry
Abound Business Solutions Reviews & Testimonials
Sarah Taylor's Review Sourced from Google
Would never go anywhere else. Jake Brown is a guru with a wealth of knowledge who genuinely cares and is passionate about his client's success. He will go over and above to add value wherever he can.
Joshua McFarlane's Review Sourced from Google
My experience with Jake Brown has been nothing short of outstanding. His expertise is matched only by his genuine commitment to understanding my financial needs.Jake goes above and beyond, and I highly recommend them to anyone seeking a top-notch accountant who truly cares about their clients.Top marks! Thanks again, Jake & Abound.
Laura di Florio's Review Sourced from Google
Love working with Tanya and her team, particularly Edward and Katherine. They are professional, helpful and take the complexities out of financials. We have been working with Abound for 5+ years now and would happily recommend them.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsGlobal Business Consulting Excellence
Protiviti operates through 11,000+ people across over 90 offices in more than 25 countries. Its Finance Transformation practice includes finance and accounting process optimization, financial reporting remediation, and compliance work. The agency fits large organizations wanting accounting process management...
Top Services:
- Business Consulting
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
- Portfolios Count
- 5 Projects Listed
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsProtiviti Services
Data sourced from the agency's DesignRush profileKnowBe4 Resolver PowerSchool
Well count the numbers while you multiply your time.
Accario provides outsourced accounting staffed by CA, CPA, ACCA, and CIMA-qualified accountants, saving up to 70% on costs. Its work covers financial statements and franking accounts on HandiSoft, Reckon, and MYOB. The accountant in Melbourne suits accounting practices wanting outsourced talent...
Top Services:
- BPO
- Accounting
- Customer Support
- Location
- Melbourne, Australia
- Number of Employees
- 250 - 499
- Average Hourly Rate
- $40/hr
- Minimal Budget
- $1,000 - $10,000
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsAccario Services
Data sourced from the agency's DesignRush profileJaffe Lee & Associates Showpony The Cheesecake Shop Degani Rashays Petra Thompson Partners Moore Australia Bongiorno Group
Accario Reviews & Testimonials
James Loganathan's Review Sourced from Google
The Accario team were a pleasure to work with - great communication and collaboration to aid us with our bookkeeping and accounting needs.Having a single point of contact has made managing our tasks simple and limited any back and forth.They are also competitively priced but I would say the convenience alone made the switch worth it in spades. Highly recommend.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsNow, for tomorrow.
Baker Tilly offers audit, tax, and accounting via the Baker Tilly International network. Its Advantage tiers bookkeeping, controller, and CFO support across payroll, reconciliations, and statements. The accounting firm in Melbourne is recommended for SMEs wanting scalable outsourced accounting...
Top Services:
- HR Outsourcing
- Accounting
- Business Consulting
- Market Research
- Cybersecurity
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsBaker Tilly Services
Data sourced from the agency's DesignRush profileAutomotive Industry Real Estate Industry Legal Industry
Baker Tilly Reviews & Testimonials
Jay P's Review Sourced from Google
Excellent firm. Knowledgable and will help their clients in ways other firms can not even begin to. Great for professionals/business owners.
Sewell Grain Farms's Review Sourced from Google
Catalyst played a key role in the smooth transition of our 4th generation family farm and continue to be a great support for our ongoing financial reporting needs.
James Kernahan's Review Sourced from Google
Great firm, found me tax savings I didn't know existed and are very easy to work with. Highly recommend them.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsIDEAS | PEOPLE | TRUST
BDO is the country's fifth-largest accounting firm by revenue, with close to 350 partners and 3,000 staff. Audit work uses the BDO global methodology, alongside tax, advisory, and business services. The agency suits businesses wanting a major national accounting firm...
Top Services:
- Business Consulting
- Accounting
- BPO
- HR Outsourcing
- Market Research
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- Under 49
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsBDO Services
Data sourced from the agency's DesignRush profileBIG4 Holiday Parks Maurice Blackburn Family Clean
BDO Reviews & Testimonials
Kushan Patel's Review Sourced from Google
Very poor experience, i have been follwoing up for more than 08 months for simple accouting work, which BDO's Sr manager(Adelaide Office) was not able to address. Simply delaying work without a reason. I have asked for refund, which they promised and never paid back. Stay away at all cost.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsBuilding A Better Working World
EY is one of the Big Four accounting firms, with over 406,000 staff across 700+ offices in more than 150 countries. Its assurance covers audit, financial accounting advisory, and forensic services. The agency is recommended for large organizations wanting audit at global scale from one of the top accounting...
Top Services:
- Business Consulting
- HR Outsourcing
- Accounting
- Cybersecurity
- IT Services
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsEY Services
Data sourced from the agency's DesignRush profileQiagen Apple ASOS Microsoft Wawa
Together, we achieve more.
KPMG is a Big Four accounting firm operating in over 138 countries with 275,000+ staff. Its Accounting Advisory team covers purchase accounting, capital markets readiness, and restatements. The Melbourne accounting agency is best for large companies wanting accounting through mergers and IPOs...
Top Services:
- Business Consulting
- Market Research
- Accounting
- HR Outsourcing
- IT Services
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsKPMG Services
Data sourced from the agency's DesignRush profileFinancial Industry IT Industry Real estate Industry
KPMG Reviews & Testimonials
P. J.'s Review Sourced from Google
If you would like to see human beings organized as if they are an ant farm, this is the place.
Reviews verified by DesignRush and sourced from the agency's profile View All ReviewsPKF International is a network of 214 member firms in 150 countries, with 21,000+ staff. Its audit practice covers financial statement audits, sustainability assurance, and risk assurance, including SOX and COSO testing. The accounting agency in Melbourne fits organizations wanting audit at global scale...
Top Services:
- Market Research
- BPO
- Business Consulting
- Accounting
- IT Services
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- 1000 & Up
Data sourced from the agency's DesignRush profile, its website, and other relevant accountsPKF International Services
Data sourced from the agency's DesignRush profileHospitality Industry Construction Industry Real Estate Industry
Empowering Global Business Growth
Global employer of record, EOR services, International EOR provider, Global hiring without entity, Global HR Platform, Employer of Record Services, International Payroll Outsourcing, EOR Service Providers, Employer of Record Solutions, Global HR Solutions...
Top Services:
- Business Consulting
- Staff Augmentation
- IT Services
- CRM Consulting
- BPO
- Show more
- Location
- Melbourne, Australia
- Number of Employees
- 100 - 249
- Average Hourly Rate
- $1/hr
- Minimal Budget
- $1,000 - $10,000
Data sourced from the agency's DesignRush profile, its website, and other relevant accountse-square Global Partners Services
Data sourced from the agency's DesignRush profileCorporate Services Industry HR Industry Software & IT Services Industry
e-square Global Partners Reviews & Testimonials
tariq sabir's Review Sourced from Google
Walikum Salam Millions Trillions thanks for all your efforts Jazakallah Khair Millions Trillions stars from my side. A one service...👍👌😍🩷💙😍🤩 Jazakallah Khair Wa Barakallah fek.
Muhammad Nouman Shaikh's Review Sourced from Google
I gave them a 3 star rating 4 years and they have responded by " thanking me today " for the same , showing they don't even deserve a three star rating. Reducing my rating.
Zafar ali's Review Sourced from Google
I am here to settle down with a job board, and yes, my experience is good here.
Reviews verified by DesignRush and sourced from the agency's profile View All Reviews
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Frequently Asked Questions
How do I choose the right accounting firm in Melbourne?
To select the right accounting firm in Melbourne for your business, weigh its expertise against your required services to ensure it can help you meet your financial goals. Consider following these steps:
- Define your business needs, financial goals, service frequency, and budget.
- Verify the firm’s credibility by looking for relevant certifications and licences.
- Assess its client service quality by reading through its client reviews and testimonies.
- Review case studies to confirm its experience in your industry, business structure, and required service scope.
- Send a request for proposal (RFP) to your top candidates and prioritise those that offer the best value for money.
- Schedule an interview with the accounting team and ask about their processes and approach to your work.
- Request for client references to get first-hand accounts of working with the Melbourne accounting firm.
- Select the firm that can execute your service requirements and align with your business culture.
Do you need help in your search? Visit our Marketplace and send us your requirements. We’ll match you with top Melbourne accounting firms free of charge!
How can I verify the Melbourne accounting company’s credentials?
You can verify the credentials of a Melbourne accounting company by ensuring that it is registered in the following databases:
- Chartered Accountants Australia and New Zealand
- CPA Australia
- Australian Government’s Tax Practitioners Board
- Institute of Public Accountants
- MoneySmart (for investments, superannuation, and life insurance)
You can also check the firm’s ASIC registration and its record of disciplinary actions to ensure a clean history.
What factors affect the pricing of accounting services in Melbourne?
The pricing of accounting services in Melbourne depends on your business structure and size, service scope and complexity, frequency, and niche expertise required. For instance, a global enterprise will experience higher costs than a sole proprietor. Specialised services such as forensic accounting may incur higher costs, as they typically sit outside the scope of basic services.
On average, a Melbourne accounting firm charges an hourly rate between AUD50 and AUD350. Small businesses can also expect to pay about AUD100 to AUD2,000.
What is the process for working with a Melbourne accounting company?
The process for working with a Melbourne accounting company includes the accounting cycle, which typically follows these steps:
- Identifying and sorting business transactions
- Chronologically recording each transaction as a journal entry and separating these into debit or credit.
- Posting the transactions to the general ledger.
- Preparing an unadjusted trial balance at the end of the accounting period to check if the debit and credit amounts are equal.
- Analysing the worksheet to identify discrepancies.
- Adjusting journal entries.
- Preparing the financial statements, including the balance sheet and cash flow statement.
- Closing the books and preparing for the next accounting cycle.
Should I hire an accounting firm in Melbourne or work with a nearshore/offshore provider?
Ultimately, it depends on your needs and goals. Melbourne accounting firms are experts in navigating the complex tax structures of the city and region. At the same time, they have experience with local and global regulations. Additionally, their proximity to your business can lead to faster response times, reduced business risks, and more personalised services.
On the other hand, a nearshore or offshore provider may be more cost-effective, as Melbourne is one of the most expensive cities in the country. Another approach is the hybrid model that balances quality and affordability.
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