Panacea WFS provides CA-led outsourced accounting for Australian businesses and accounting practices. Our delivery team in Kochi, India prepares bookkeeping, BAS and GST workpapers, SMSF accounts, payroll and year-end workpapers inside your own systems, and your team or registered agent reviews, signs off and lodges.
Who we work with
- Accounting and bookkeeping practices that need extra capacity without adding local headcount, through dedicated staff, project support or white-label work. See our offer for accounting firms.
- Australian small and medium businesses that want their bookkeeping, payroll and management reporting handled by a qualified team, with lodgement through their own registered agent.
- SMSF trustees and Indian diaspora (NRI) investors who need accurate fund accounts and audit-ready records. Our SMSF guide for trustees and NRI investors covers the 2026–27 rules.
Australian services
- Outsourced bookkeeping: transaction coding, bank reconciliations, payables, receivables and monthly management accounts.
- BAS and GST preparation support: GST reconciliations and BAS workpapers ready for your agent to review and lodge.
- SMSF accounting: annual fund accounts, member statements and audit-ready workpapers.
- Payroll, STP and Payday Super: pay runs, Single Touch Payroll checks and per-payday super reconciliations.
- Year-end accounts and tax workpapers: 30 June financial statements and tax workpapers for companies, trusts, partnerships and sole traders.
What stays with you
We prepare the work; we do not lodge it. Final review, sign-off and lodgement of BAS and tax returns stay with you or your registered tax or BAS agent. Your client relationships stay yours too: on white-label engagements we work behind the scenes under your brand.
Three ways to work with us
- Dedicated and managed resources: full-time accountants on FTE terms who work as part of your team, in your systems.
- Project and hourly support: individual jobs, catch-ups and tax-season peaks, on a project fee or hourly basis.
- White-label services: we prepare the work and you deliver it to your clients under your own brand.
Why Australian firms choose a CA-led team
Every engagement is led and reviewed by an appropriate team matrix, including Chartered Accountants where necessary. Our leadership brings more than 25 years’ combined experience across audit, IFRS reporting, tax and corporate finance. Access is limited to your named team, we use the credentials you provide, and every engagement carries confidentiality obligations.
Questions Australian clients ask
Do you lodge BAS or tax returns with the ATO?
We prepare the work; we do not lodge it. Final review, sign-off and lodgement of BAS and tax returns stay with you or your registered tax or BAS agent. Anyone providing BAS or tax agent services for a fee in Australia must be registered with the Tax Practitioners Board, which is why lodgement stays with your registered agent.
Which accounting software do you use?
We work inside the platforms you already use, such as Xero, QuickBooks and Zoho Books, using the credentials you provide. Using another platform? We will train on it.
How is pricing set?
Most clients choose a fixed monthly fee for a defined scope. Project and hourly options are also available. We quote after a free consultation, once we understand your volumes.
How quickly can we start?
Onboarding usually takes a few weeks. We agree workflows, set up access and run a short pilot or parallel period before full go-live.
Start with a free consultation. Email consult@panaceawfs.com with a short note on your volumes and systems, and a senior advisor will come back to you with the right engagement model and a fixed or hourly quote.