What Trustlic coordinates
The professional work stays with the provider.The relationship stays connected.
Outsourcing accounting or finance work should not mean losing visibility over responsibilities, information and deadlines. Trustlic helps organise the relationship and follows the agreed work without presenting itself as the professional firm performing it.
The provider is selected according to the service, jurisdiction and company requirement.01Provider selection & scope definition
Identify an appropriate provider and establish responsibilities, deliverables, fees, information requirements and timing before the work begins.
- Understand the company and required service
- Identify suitable local or specialist providers
- Compare scope, responsibilities and commercial terms
- Coordinate appointment and working arrangements
02Accounting setup coordination
Coordinate the structure needed for reliable accounting records and a workable relationship between the company and its appointed provider.
- Accounting-system and record-structure coordination
- Opening-information and document checklist
- Responsibility and approval workflow
- Recurring accounting calendar
03Bookkeeping & reconciliation oversight
Organise the information flow and monitor recurring work without presenting Trustlic as the firm performing the professional accounting service.
- Regular document and information coordination
- Provider progress and outstanding-item follow-up
- Bank, receivable and payable workflow oversight
- Issue escalation and client communication
04Management reporting coordination
Agree the reports management needs and coordinate their timely preparation by the appointed provider.
- Reporting requirements and timetable
- Management-account format coordination
- Budget and cash-flow reporting requirements
- Follow-up on questions, adjustments and missing information
05Payroll & employee-cost coordination
Connect approved employee information with HR, PRO and the appointed payroll or accounting provider.
- Payroll-input responsibility schedule
- Employee-change and approval workflow
- Coordination with permits and employee records
- Recurring payroll calendar and issue follow-up
06Year-end, audit & filing coordination
Prepare and coordinate the relationship with appropriately authorised auditors, advisers or filing providers where required.
- Year-end information and readiness schedule
- Professional-provider appointment coordination
- Document, query and timetable follow-up
- Final-deliverable and filing-status coordination