Accounting & Finance
Accounting Review & Supervision that strengthens the team you already have.
Already have an accountant? Good. Keep them.
TaxGraph works alongside your existing accounting function to bring stronger review, reconciliation, month-end discipline, exception visibility and management oversight to the accounting work already being done.
Need TaxGraph to handle the day-to-day accounting itself? Explore Accounting & Bookkeeping
Having an accountant is not the same as having accounting control
Good people can still be working inside a weak accounting process.
The issue is not necessarily whether someone is entering transactions. The weakness may sit around the work.
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The month does not properly close
Entries continue, but reconciliations, adjustments and open questions move into the next period.
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Reconciliations are irregular
Bank, customer, supplier or other balances may remain unchecked or unresolved.
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GST and the books do not always align
Differences are discovered later instead of being part of a regular review process.
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Old items remain open
Unresolved balances and accounting questions accumulate without clear ownership or follow-up.
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Management receives information late
Reports may exist, but only after substantial follow-up or clean-up.
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Too much depends on one person
If one accountant holds most of the process knowledge, continuity becomes difficult when that person is unavailable or leaves.
The accountant may be doing the accounting. The accounting function may still need stronger review and supervision.
A second layer around the accounting
Your team keeps doing the accounting. TaxGraph helps strengthen the process around it.
Your accounting team continues
- Day-to-day accounting
- Routine entries
- Invoice and document processing
- Accounting schedules
- First-level reconciliations where part of their role
- Responding to accounting queries
- Maintaining the underlying records
TaxGraph adds
- Structured accounting review
- Reconciliation follow-up
- Exception identification and tracking
- Month-end closing review
- Debtor/creditor review
- Relevant GST/books review
- Management reporting support
- Process and documentation strengthening
- Follow-up on unresolved accounting matters
TaxGraph does not automatically take over the client’s day-to-day accounting under this service.
If the actual requirement is for TaxGraph to handle the accounting itself, Accounting & Bookkeeping may be the better engagement.
Explore Accounting & BookkeepingWhat changes as review is added
The same accounting team. A stronger position around their work.
Move between the three states below — your accounting team's lane never changes. Only what sits above it, reviewing and resolving, does.
Review areas
The review scope should follow where the accounting function actually needs stronger control.
Review works differently in every business, because the weaknesses are in different places. These are the areas an engagement is normally built from.
Depending on the agreed engagement, the review may cover:
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Accounting review
Reviewing the accounting position for the agreed period and identifying matters that require clarification, correction or further follow-up.
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Bank reconciliation follow-up
Reviewing whether relevant bank accounts have been reconciled and surfacing differences or pending items.
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Debtor and creditor review
Reviewing outstanding customer and supplier positions for old, unusual or unresolved items that require attention.
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GST-to-books reconciliation
Where relevant to the agreed scope, reviewing whether the accounting information and GST records connect appropriately and identifying differences that require resolution.
GST return preparation and filing remain separate work unless specifically included in the engagement.
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Month-end closing review
Checking the status of key accounting work before the period is treated as closed.
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Exception and open-item tracking
Keeping unresolved matters visible with responsibility and status rather than allowing them to disappear into the next period.
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Management reporting support
Reviewing or supporting agreed accounting information and schedules that management requires for visibility.
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Process supervision
Following recurring accounting activities and identifying where responsibilities, information flow, documentation or review discipline need strengthening.
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Documentation and continuity
Helping reduce unnecessary dependence on individual memory by strengthening recurring process documentation where appropriate.
The exact review areas, frequency, responsibilities and outputs are agreed after TaxGraph understands how the accounting function currently operates.
The review cycle
ACCOUNT REVIEW SURFACE RESOLVE CLOSE REPORT
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Your team
ACCOUNT
Your existing accountant or accounting team performs the agreed day-to-day accounting work.
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TaxGraph
REVIEW
TaxGraph reviews the agreed accounting areas and the status of key reconciliations and closing work.
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TaxGraph
SURFACE
Differences, exceptions, unresolved balances and pending actions are made visible.
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Shared
RESOLVE
The relevant person takes the required action, clarification or correction and the position is followed through.
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TaxGraph
CLOSE
The period moves toward an agreed closing position with better visibility over what is complete and what remains outstanding.
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TaxGraph
REPORT
Management receives a concise view of significant open matters, closing status and areas requiring attention.
Review should not happen only when the year ends or when a problem becomes visible.
It should be part of the recurring accounting rhythm.
Management visibility
Management should not have to chase the accounting function to understand its status.
Depending on the agreed engagement, TaxGraph may provide a concise periodic accounting review summary together with the relevant open-item and closing-status information.
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Closing status
What has been completed for the period and what remains pending.
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Reconciliation status
Which important reconciliations have been completed and which require follow-up.
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Open items and exceptions
Accounting matters requiring clarification, correction or management attention.
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Receivable and payable observations
Significant old or unresolved customer/supplier balances where they form part of the agreed review.
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Books/compliance differences
Relevant GST/books or other agreed differences requiring resolution.
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Process issues
Recurring delays, unclear responsibilities, documentation weaknesses or other accounting-process matters that need attention.
When this model fits
Review & Supervision may be appropriate when:
- You already have an accountant or accounts team
- Day-to-day accounting is being performed but management wants stronger oversight
- Month-end closing is inconsistent
- Reconciliations are incomplete or irregular
- Accounting differences remain unresolved for too long
- Management reporting requires repeated follow-up
- The accounting process depends heavily on one person
- GST/books or other recurring differences need better review
- Management wants clearer visibility without replacing the existing accounting arrangement
It may not be the right starting point when:
- The books themselves are substantially incomplete
- The accounting is significantly backlogged
- Nobody is available to perform the day-to-day accounting
- The business actually wants TaxGraph to take over accounting
In those situations, Accounting & Bookkeeping or an initial catch-up scope may be more appropriate.
Explore Accounting & BookkeepingTwo different accounting requirements
Do you need the accounting done, or the accounting function strengthened?
| Question | Accounting Review & Supervision | Accounting & Bookkeeping |
|---|---|---|
| Day-to-day accounting | Your accountant/team continues | TaxGraph handles the agreed accounting work |
| Best suited to | Businesses already maintaining accounting | Businesses wanting accounting handled externally |
| Main requirement | Stronger review and control | Operate the accounting process |
| Typical focus | Review, reconciliations, exceptions, closing, reporting | Books, reconciliations, open items, closing |
| Existing accounting team | Keep them | Depends on the agreed model |
| Starting point | Identify where the current process needs strengthening | Identify what TaxGraph needs to handle |
Need TaxGraph to perform the accounting instead?
Day-to-day accounting and structured review serve different purposes.
Keep your accounting team. Strengthen your accounting function.
What this service is — and is not
Accounting Review & Supervision is a management accounting-control service.
It is designed to strengthen review, reconciliation, closing discipline, exception visibility and accounting-process oversight.
TaxGraph does not promise that every error, irregularity or issue will be identified through this service.
The service scope and responsibilities are agreed for the individual engagement.
It is not presented as:
- Statutory audit
- Assurance
- Certification
- An audit opinion
Not sure where the weakness is?
Check the accounting function before deciding what needs to change.
The Business Accounting Health Check is a 2-minute diagnostic designed to help identify whether the accounting function appears genuinely controlled rather than simply updated.
No confidential financial figures, bank details or tax-login information are required.
It covers five areas:
- Closing
- Reconciliation
- Review
- Reporting
- Accounting dependency
Before you get in touch
Frequently asked questions
No. Accounting Review & Supervision is specifically designed for businesses that already have an accountant, accounts team or another accounting arrangement. Your existing team can continue performing the day-to-day accounting while TaxGraph adds the agreed review and supervision layer.
Monthly review will generally be the natural model where management wants regular accounting control. A different frequency may be appropriate depending on the business, reporting requirement and agreed scope.
Not automatically. The existing accounting team normally continues the day-to-day accounting. Where TaxGraph is also required to perform accounting work, that requirement should be separately identified and scoped.
Bank-reconciliation status may form part of the agreed review scope. The exact accounts, frequency and responsibilities should be established when the engagement is defined.
GST-to-books reconciliation may be included where relevant to the agreed accounting-review scope. GST return preparation and filing remain separate work unless specifically included in the engagement.
The matter is identified and followed through the agreed review process. Depending on the issue and agreed responsibilities, the client’s accounting team may provide clarification, make the required correction or escalate the matter to management.
Depending on the agreed scope, management may receive a concise accounting review summary showing matters such as closing status, significant reconciliation status, unresolved exceptions and items requiring attention. The exact reporting format is agreed as part of the engagement.
Yes, where that working arrangement is agreed. The service is designed around TaxGraph working alongside the existing accounting function rather than requiring management to relay every routine review point.
The present accounting position should first be understood. Where substantial catch-up accounting is required, it may be better to address that work before beginning a recurring Review & Supervision process.
No. It is not a statutory audit, assurance engagement, certification or audit opinion. It is an accounting review and supervision service designed to strengthen the recurring accounting process within the agreed scope.
No. The service should not be understood as a guarantee that every error, irregularity or issue will be identified. The agreed scope determines the areas reviewed and the work performed.
The fee is scoped after understanding factors such as the number of entities, accounting complexity, existing condition of the books, review frequency, reconciliations involved, reporting requirements and the level of supervision required.
Start with how accounting works today
Keep the team. Strengthen the accounting function around them.
If your business already has accounting staff but management wants stronger review, reconciliation, closing discipline or visibility, tell us how the process currently works and where the difficulties are.
We can then determine the appropriate review scope.