Frequently Asked Questions

General Outsourced Accounting FAQs

Outsourced accounting services involve handing day-to-day finance tasks, bookkeeping, VAT, payroll, management accounts, and year-end filings to a specialist external team. Stellarwiz manages these functions remotely, working within your existing software, so your business gets accurate records and full HMRC compliance without hiring in-house staff.

UK businesses outsource accounting to save time, reduce costs, and stay compliant with HMRC and Making Tax Digital requirements. It removes the burden of recruiting, training, and managing an in-house finance team, while giving owners accurate, up-to-date numbers to make decisions with confidence.

Costs depend on the services needed, transaction volume, and engagement model chosen. Stellarwiz offers four flexible options: Per Job, Per Hour, Fixed Hours, and Dedicated Resource, typically saving 40 to 50 percent compared to an equivalent UK in-house hire. A 10-hour free trial lets you assess fit first.

In most cases, yes. An in-house hire involves salary, National Insurance, pension contributions, software and training costs. Outsourcing to Stellarwiz typically costs 40 to 50 percent less than an equivalent UK hire, while giving you access to a wider team of qualified accountants and bookkeepers.

Most finance functions can be outsourced, including bookkeeping, VAT returns, payroll, management accounts, year-end accounts and corporation tax, accounts payable and receivable, company secretarial work, and accounting system migration. Stellarwiz handles each of these within your existing Xero, QuickBooks, or Sage setup.

Outsourcing gives you accurate, timely financial records, reduced overheads, and access to ACCA, CA, CMA, CIMA, and CIPFA qualified professionals without the cost of hiring them directly. It also frees up time so you can focus on running and growing your business, rather than managing the books yourself.

Stellarwiz handles all client data under GDPR-compliant processes, with encrypted transmission and strict access controls. Our UK-registered company sets the compliance standards, while our India-based delivery team operates within those same security protocols, so your financial information stays protected throughout.

Yes. Stellarwiz is software-agnostic and works within whatever system you already use, including Xero, QuickBooks, Sage, Zoho, and FreeAgent. There is no need to migrate platforms first. Our team logs into your existing setup, so you keep full visibility and control of your accounts at all times.

Yes. Stellarwiz works across Xero, QuickBooks (certified), Sage, Zoho, FreeAgent, Capium, BrightPay, Moneysoft, and VT Software, among others. Whatever platform your business runs on, our team can work directly within it or support a migration if you are considering switching systems.

Bookkeeping is the day-to-day recording of transactions, bank reconciliations, and maintaining accurate ledgers. Accounting builds on that data, producing management accounts, year-end statements, tax returns, and financial analysis. Stellarwiz provides both, so your records and your reporting always stay connected and accurate.

Bookkeeping & Payroll FAQs

Outsourced bookkeeping means a specialist external team handles your day-to-day financial records, transaction posting, bank and credit card reconciliations, and VAT preparation, within your existing software. Stellarwiz’s bookkeeping service keeps your accounts accurate and current, ready for VAT submission, reporting or year-end accounts.
Outsourced bookkeeping keeps your records accurate and up to date without the time cost of doing it yourself or the expense of hiring in-house. It reduces the risk of VAT and Making Tax Digital errors, gives you reliable numbers for decisions, and scales as your transaction volume grows.
Yes. Many Stellarwiz clients combine bookkeeping with management accounts, VAT returns, and year-end filing under one engagement. Keeping these functions together means your records, reports, and tax filings are based on the same consistent data, reducing errors and the back-and-forth of using separate providers.
Payroll outsourcing means handing your end-to-end payroll process, including PAYE calculations, RTI submissions to HMRC, Auto-Enrolment pension duties and P60/P11D production, to a specialist provider. Stellarwiz manages this within your existing payroll software, so employees are paid accurately and on schedule.
Outsourcing payroll reduces the risk of PAYE errors and late RTI submissions, which can lead to HMRC penalties. It removes the burden of keeping up with Auto-Enrolment duties and changing legislation, and frees up time during busy periods, while ensuring employees are paid correctly and on time.
Yes. Stellarwiz’s payroll team manages PAYE, RTI submissions and Auto-Enrolment obligations in line with current HMRC requirements. Staying compliant means accurate, on-time submissions each pay period, reducing the risk of penalties and giving you confidence that pay and pension duties are handled correctly.

Financial Management & Business Growth FAQs

Yes. Stellarwiz’s AP and AR service covers invoice processing, supplier payments, credit control and debtor management. Keeping these processes organised improves cash flow visibility, reduces the risk of late or duplicate payments, and gives you a clearer picture of what is owed and what is due.
Yes. Stellarwiz prepares monthly or quarterly management accounts, including profit and loss, balance sheet and KPI dashboards, alongside statutory year-end accounts and CT600 filings. These reports give you and your stakeholders, including lenders or investors, a clear view of business performance.
As your business grows, transaction volume and reporting needs increase. Outsourcing gives you access to additional accounting capacity without the delay of recruiting, plus management accounts and KPI reporting that support better decisions. Stellarwiz’s engagement models scale with your business as needs change.
Stellarwiz combines UK-qualified leadership, CA, CMA, ACCA, CIMA and CIPFA, with an experienced India-based delivery team, working within your existing software at 40 to 50 percent below the cost of an equivalent UK hire. A 10-hour free trial lets you experience the service before committing.

Data Security & Compliance FAQs

Stellarwiz handles all client data under GDPR-compliant processes, using encrypted transmission and controlled access to financial systems. Only authorised team members can access your records, and access is limited to what each task requires, helping keep your financial information secure throughout.
Yes. Stellarwiz follows GDPR requirements across all client data handling, from how information is transmitted to how it is stored and accessed. This applies whether your data is processed by our UK team or our India-based delivery team, under the same compliance standards throughout.
Yes. Stellarwiz is BSI-accredited and follows the ISO 27001 information security management framework, alongside GDPR-compliant data handling. Together, these cover encrypted data transmission, controlled access to systems, and ongoing risk management, giving your business a verifiable standard to reference for due diligence.

Team & Expertise FAQs

Stellarwiz’s leadership team holds CA, CMA, ACCA, CIMA and CIPFA qualifications, with ICAI and ICMAI-certified professionals across the delivery team. This combination of UK-recognised credentials and hands-on bookkeeping and accounting expertise ensures your work is reviewed to UK standards throughout.

Yes. Stellarwiz’s team includes ACCA, CA and CMA qualified professionals, alongside CIMA and CIPFA-qualified team members. This blend of qualifications covers financial accounting, management accounting and public finance, so your bookkeeping, tax and reporting work is overseen by appropriately qualified staff.

Yes. Under the Dedicated Resource engagement model, you are assigned a specific accountant or bookkeeper who works on your accounts consistently. This builds familiarity with your business, software and reporting preferences, which is particularly useful for businesses with regular monthly or weekly needs.

Service Delivery FAQs

Turnaround depends on the service and the volume of work involved. Routine bookkeeping is typically updated on a weekly or monthly cycle, while VAT returns and payroll follow HMRC deadlines. During the outline stage, Stellarwiz agrees a reporting schedule and turnaround expectations with you directly.
Stellarwiz follows a structured process: data is reconciled against source documents, reviewed by a second team member, and checked against HMRC and Companies House deadlines before submission. This review step reduces errors while keeping filings on schedule, even during busy periods like year-end.
Yes. Stellarwiz’s Per Hour and Fixed Hours engagement models allow capacity to flex when you need it, such as catching up on a backlog before a VAT deadline or year-end filing. Let our team know your timeline and we will confirm what is realistically achievable.

Year-End Accounts & Review Process FAQs

Stellarwiz’s year-end review covers reconciling all accounts, checking transactions for accuracy, preparing statutory accounts, and filing your CT600 corporation tax return with HMRC and Companies House. We also flag any corporation tax planning opportunities identified during the review before deadlines.
Preparation starts well before the deadline, with bookkeeping kept current throughout the year so year-end reconciliations are straightforward. Stellarwiz reviews outstanding items, confirms figures with you, and prepares statutory accounts and CT600 filings in good time, avoiding last-minute pressure.
Yes. Stellarwiz can work alongside your existing accountant, providing working papers, reconciled records and supporting schedules for year-end review. This is a common arrangement for accounting practices that want to offload preparation work while retaining oversight of the final accounts and filings.

Get your free trial today!

The first 10 hours of trial are on us, no questions asked.

Discover improved efficiency at stunning prices with our outsourced accounting solutions. Partner with us to experience it first-hand.

Need Help?
Suchi-Dalwadi

CA Shuchi Dalwadi

Director

With a remarkable 13 years of professional experience, Shuchi is a Chartered Accountant and an Executive of Company Secretary. Her professional journey is a testament to her dedication and expertise with a specialization in the field of outsourced auditing and assurance, where she has honed her skills over the years, especially for the UK domain. 

 

She is well-versed in conducting thorough financial audits, bringing forth invaluable insights to her clients. Her expertise extends to encompass a profound understanding of financial reporting, risk management, and the intricacies of compliance, all underpinned by an unwavering commitment to upholding the highest professional standards.

 

Throughout her career, she has consistently delivered top-notch audit services to global clients representing a diverse array of industries. Her ability to delve into financial data, identify vulnerabilities in internal controls and provide transformative insights for enhanced financial performance sets her apart as a trusted professional in her field. One of her defining attributes is her unwavering dedication to maintaining the utmost ethical and professional standards in every facet of her professional undertakings. Her commitment to integrity ensures that clients can rely on her for sound financial guidance and assurance services.

Ashwinbhai

CMA Ashwin Dalwadi

Strategic Advisor

Ashwin combines an impressive academic background with over three decades of global experience in Cost Accountancy and General Management. An outsourcing accounting evangelist, he excels in providing outsourced consulting services for informed business decisions, including accounting and process outsourcing for Management Information Systems (MIS) and Management Consultancy. 

 

With a knack for offering diverse solutions to complex challenges, he has successfully led numerous global task forces and dynamic teams. His pivotal role involves guiding the implementation of robust Cost and Management Systems, enabling effective monitoring and decision-making. A B.Sc. graduate and FCMA (India), his association with the Institute of Cost Accountants of India (ICMAI) dates back to 1990. 

 

He is presently the President of ICMAI for 2023-24, with prior terms on the Central Council. His contributions to the institute also include past service on the Central Council from 2007-11 and chairing the inaugural Cost Accounting Standard Board of ICMAI. Beyond ICMAI, he actively engages with various institutions, including the Indian Drug Manufacturers Association (IDMA) in Gujarat, the Gujarat State Small Industries Federation (GSIF), and the Confederation of Indian Industry (CII) – Gujarat chapter, among others.

Suraj-Jain

CA Suraj Jain

Co-Founder

With a professional journey spanning more than eight years, Suraj has cultivated a wealth of experience in offering tax, audit and advisory services to a global clientele, ranging from individuals and partnerships to corporations and government entities. His comprehensive skill set and expertise are channelled into providing valuable insights and guidance to his UK, US and India-based clients, enhancing their financial and operational performance.  

 

He holds the prestigious title of Fellow Member within the esteemed Institute of Chartered Accountants of India (ICAI). His commitment to professional development is evident through his successful completion of several certificate courses. These include Forensic Accounting and Fraud Detection (FAFD), Goods & Service Tax (GST), Concurrent Audit of Banks and a Diploma in Information System Audit (DISA), all of which were conducted under the auspices of the Institute of Chartered Accountants of India (ICAI).

 

Notably, he has also achieved the qualification to serve as an Independent Director in Indian companies. By contributing in this capacity, he aspires to play a pivotal role in ensuring transparency, accountability and responsible decision-making within the corporate landscape.

Malhar-Dalwadi

CMA Malhar Dalwadi

Founder

Malhar is an Associate member of CIMA – UK, holding the CGMA (Chartered Global Management Accountant) designation, and an affiliate Member of CIPFA – UK (Chartered Institute of Public Finance and Accountants). Additionally, he also holds the distinguished title of FCMA as a Fellow member of The Institute of Cost Accountants of India (ICMAI) and boasts an MBA in Finance. He has achieved SAP FI-CO Certification, as well as certifications in GST, Information System Security Audit (DISSA), and Forensic Audit (DFA) from The Institute of Cost Accountants of India.

His expertise encompasses various aspects of cost accounting, including maintaining books of accounts, management information systems, auditing, liaising with the National Pharmaceutical Pricing Authority (NPPA), budget preparation, cost accounting system implementation and GST advisory services. With a family legacy spanning three generations in the field of Cost and Management Accounting, he brings extensive practical experience of more than a decade to the table. He is proficient in using accounting software, spreadsheet applications, and other financial tools. Familiarity with cloud-based accounting and collaboration platforms and commitment to ongoing professional development and staying current with industry trends and best practices. He has strong time management skills to meet deadlines and manage multiple projects simultaneously.

He has been associated with activities of the Institute of Cost of Accountants of India (ICMAI) since 2012. He is the youngest Chairman of the Ahmedabad Chapter of the Institute of Cost of Accountants of India (ICMAI) during the term 2021-23. He also served as Chairman of the Professional Development & Member Services Committee and Chairman of the Infrastructure Committee of the Ahmedabad Chapter of ICMAI. He is also a Member of the Professional Development Committee of Western India Regional Council of ICMAI for 2023-24.