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The Guberman Group’s outsourcing services in Israel provide clients with a solution for all or part of the accounting and financial needs of both developing and mature companies. Outsourcing services include bookkeeping, payroll, financial statements, reporting (including reports to the Israel Innovation Authority) and financial management. The increasing awareness of the benefits of outsourcing, the access to the accumulated experience and growing trend to adopt outsourcing services have transformed outsourcing into an effective and efficient management tool.

Bookkeeping

Outsourced bookkeeping services are available for companies of all sizes and stages of development. The service is suitable for start-ups, as well as established companies, both private and publicly-traded. Our bookkeeping department is known for its high-quality bookkeeping, meticulousness in meeting international standards, and real-time updates. Using advanced bookkeeping software and online resources allows a company and its executives the benefits of full synchronization and real-time (online) information. Our bilingual and multi-currency bookkeeping services enable accountants to produce full and accurate financial statements in real time. The service is provided both in the offices of the Guberman Group and at the client’s offices, depending on the needs of the client. The group's management ensures that the work method provides the optimal cost-benefit relationship for the client.

For further information please visit our Bookkeeping Services

Accounting and financial reporting

We integrate accounting with financial reporting, as required by the client. The services are provided by experienced accountants who specialize in different types of reporting, from financial statements for public companies under review or auditing, to monthly or quarterly internal reports for high-tech companies' boards of directors.
The reports are provided in Hebrew or English, depending on the company’s requirements. The company receives its financial statements on schedule and in the most cost-effective manner. Our accountants are also experienced in preparing reports for the Israel Innovation Authority and other government agencies, as well as coordination with external auditing firms, including the “Big 4” firms.
In October 2008, the SEC issued a clarification regarding the judicial ruling concerning “The independence of the auditor: Assisting in the preparation and editing of financial statements for the auditor.”
The clarification states that beginning in 2009, annual reports prepared with the assistance of an auditor would not be considered by the SEC to be audited and/or reviewed financial statements that meet legal securities requirements and regulations, due to a question pertaining to the independence of the auditor.
This clarification increased the burden on CFOs and accountants at companies that previously had always used auditors to assist in the preparation of their financial statements, both for the preparation itself and to contribute their professional knowledge to the preparation.
The Report Preparation Department in the Guberman Group provides a solution to the new market requirements and offers its experience in the preparation of financial reports for both private and public companies, and its extensive knowledge and experience in the preparation and auditing of financial statements in accordance with the Securities Law and the rules set by the IFRS or USGAAP.
The department works in full coordination and cooperation with auditing firms. All accounting issues that arise during the preparation of the reports are discussed and resolved with them. Preparation of the financial report is based on ongoing personal contact with the company and an understanding of its characteristics and business environment.

Virtual CFO Services

Financial management services are offered to companies that need an experienced finance expert to assist the management team in making correct financial decisions and addressing legal, financial and accounting issues for which the management does not have the necessary experience or resources, as well as reporting to the board of directors on the company's financial situation and accounting/taxation issues. The service is aimed mainly at small companies whose size and scope do not justify the employment of a full-time financial manager.

For further information please visit our CFO Services

Payroll

The Guberman Group payroll department provides professional consulting and services by payroll experts with extensive knowledge of taxation (income tax and National Insurance) and labor law. The staff has vast experience with foreign companies, including complex payroll structures, foreign experts, relocation, and detailed reporting that meets international standards. The department keeps abreast of legislative changes and informs clients how such changes must be implemented in pay slips. Our payroll experts coordinate fully with insurance agents, lawyers and the client’s in-house bookkeeping, and consult with experienced certified public accountants. We tailor our services to the client’s particular requirements and the nature of each organization.  We always strive to meet the highest standards, including keeping to tight schedules, responding quickly and efficiently, maintaining confidentiality and travelling to the client’s offices, as needed.

For further information please visit our Payroll Bureau