Why outsource your finance team instead of hiring in-house?
Outsourcing gives you access to an entire team of specialists typically for less than the cost of employing one senior finance person. You reduce key person risk, gain access to broader expertise and can scale support up or down as your organisation grows.
Do you only work with not-for-profits?
No. While we’re recognised as specialists in the not-for-profit sector, we also partner with many growing businesses across a range of industries. In both cases, our focus is the same: helping leaders make informed decisions through better financial information, technology and strategic advice.
What exactly is an outsourced finance team?
Think of us as your finance department – without the overhead of employing one internally. Depending on your needs, we can provide bookkeeping, payroll, reporting, tax compliance and strategic CFO support, with access to specialists across our team whenever you need them.
We don’t think we’re big enough for a CFO.
Many organisations think this, but an outsourced CFO gives you access to senior financial expertise without the cost of a full-time executive.
Can you work with our current finance staff?
Yes. We regularly work alongside CEOs, finance managers, bookkeepers and internal finance teams. Whether you need additional capacity, specialist advice or temporary support, our goal is to complement your existing team – not replace it.
What support do you provide during the transition?
We manage the entire transition for you – from migrating your data and setting up your systems through to documenting best-practice processes and training your team. Our goal is to make the change as seamless as possible, with minimal disruption to your operations.
Will we lose control if we outsource our accounting?
Not at all. You remain in control of every strategic decision. We simply take care of the day-to-day finance function while providing timely reporting, regular communication and expert advice to help you make informed decisions.
We don’t use Xero. Can we still work with you?
Yes. In fact, one of the first things we do with new clients who aren’t already using Xero is transition them across.
As Xero specialists, we believe every organisation deserves access to real-time financial information, streamlined processes and a modern cloud-based finance system. We’ll manage the migration, tailor your Xero setup to your organisation, and provide training to ensure your team feels confident using it.
The result? Better reporting, greater visibility and less time spent on manual administration.
What makes Next Dimension Accounting different?
We don’t just produce reports – we help you understand what the numbers mean and what to do next. Our focus is on providing timely, meaningful financial insights that support better decisions, stronger governance and sustainable growth.
How do I know if my organisation is a good fit?
Generally, we’re a great fit for organisations that value technology, want stronger financial reporting, are looking for strategic financial advice or are experiencing growth and change. We’re particularly passionate about helping organisations embrace better systems and decision-making.
Can you help with one-off projects?
Yes. While many clients engage us on an ongoing basis, we also assist with finance system reviews, Xero implementations, board finance training, budgeting, forecasting, process reviews, scenario modelling and other standalone projects.
What makes Next Dimension Accounting different?
We’re more than accountants – we’re your finance partner.
Our clients value our proactive advice, deep experience in the sectors we serve, technology-first approach and our ability to turn financial data into meaningful insights that help leaders make better decisions.
How do we get started?
It starts with a conversation. We’ll spend 30 minutes learning about your organisation, your current challenges and where you’d like to be. From there, we’ll recommend a solution that’s tailored to your needs – whether that’s ongoing support or a one-off project. No obligation, just practical advice.
AML & CTF FAQs
What are the new AML/CTF requirements?
From 1 July 2026, accountants must comply with Australia’s anti-money laundering and counter-terrorism financing laws when providing certain regulated services, known as designated services.
Why may we ask you to verify your identity?
We may be legally required to confirm your identity before providing a designated service. These checks are a standard compliance requirement and do not mean we suspect you of wrong doing.
Do the requirements apply to every accounting service?
No. The requirements apply to particular designated services, not automatically to everything an accountant does. A standard tax return or general tax advice will not ordinarily be a designated service by itself. However, other work completed alongside it may be covered.
What services may trigger an AML/CTF check?
Examples may include:
- creating or restructuring a company or trust
- assisting with the purchase, sale or transfer of a company, trust or real estate
- assisting with certain debt or equity financing transactions
- holding, controlling or managing money or property as part of a transaction
- selling or transferring a shelf company
- acting, or arranging for someone to act, as an officeholder or trustee
- providing certain registered-office, business-address or company-service arrangements
Whether a service is covered will depend on the specific work we have been asked to perform.
Who will need to be identified?
The people or entities requiring verification will depend on the customer structure. This may include:
- an individual client
- a company or trust
- directors, trustees or partners
- beneficial owners
- people authorised to act for the client
We will advise you exactly who must complete verification.
What information or identification will I need to provide?
For an individual, this will commonly include their full name, date of birth, residential address and government-issued identification, such as a driver’s license or passport.
For a company or other organisation, we may also require documents confirming its structure, ownership, controllers, and authorised representatives.
I have been a client for years. Will I still need to be verified?
Not necessarily immediately. Existing clients who meet AUSTRAC’s definition of a pre-commencement customer may not require initial identity verification unless a relevant trigger occurs, such as a significant change in the relationship that results in a medium or high-risk rating, or circumstances that may require a suspicious matter report.
However, we may still ask existing clients to update information where necessary to meet our ongoing obligations.
Can you begin work before verification is completed?
For most new customers receiving a designated service, we must complete the required customer due diligence before beginning that service.
Why might you ask about the source of funds or the source of wealth?
For some services or higher-risk circumstances, we may need to understand where transaction funds came from or how a client accumulated their overall wealth. These questions help us assess and manage financial crime risk and are part of the legally required customer due diligence process.
Is my personal information secure?
We will collect, use, store and retain information in accordance with our legal, privacy and record-keeping obligations. Information will only be accessed or disclosed where authorised or required.
Will I need to complete these checks again?
Identity verification will generally not need to be repeated routinely. However, we may need to update or reverify information when:
- identification expires, or details change
- ownership or control changes
- A new service is requested
- the client’s risk level changes
- existing information is incomplete or cannot be confirmed
Ongoing customer due diligence includes reviewing and updating customer information when required.
What happens if I do not provide the requested information?
We may be unable to commence or continue providing a designated service. In some circumstances, we may also need to decline or end the engagement if we cannot satisfactorily complete the required checks or manage the identified risk.
