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Outsource accountants to the Philippines

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What is an accountant?

An accountant is responsible for analysing and reporting in preparation of financial statements and tax returns for an organisation. They review all associated paperwork and can also provide strategic advice to an organisation, investigating ways to make that business more profitable. Accountants can specialise in certain areas, these include roles such as:

  • Tax accountant or advisor
  • Staff accountant
  • Management accountant
  • Financial accountant
  • Auditing or insolvency accountant and more…

However, the main duties of an accountant remain the same, save for a few additional specialised tasks.

Accountant duties and tasks can include:

  • Preparing financial statements and tax returns
  • Reviewing income vs expenditure of a business
  • Managing cash flows and budgets
  • Ensuring organisations are in compliance with appropriate reporting standards and accounting governing bodies
  • Conducting financial investigations and insolvency management.

These accounting tasks are particularly well-suited to being outsourced as they are repetitive and rules-based, requiring a high level of attention to detail. By sending these accounting tasks to an offshore accountant, you are able to free up your local accounting team’s time to perform value-add, revenue generation work.

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What key skills and qualifications make a great payroll accountant?

Accountants need to be skilled problem solvers just as much as they need to be good with numbers. By analysing and interpreting financial statements and documents, they become valued assets to an organisation. They possess in-depth financial insight and background information towards an organisation’s projects and financial wellbeing, making them valued strategic advisors to businesses. They are also excellent communicators and can translate financial information into reports that non-financial stakeholders can understand for future business decision-making. 

Outsourcing providers recruit accountants the same way an internal, talent acquisition team would. Essentially, they ask the same questions to understand whether these offshore candidates would be able to provide quality payroll support to Australian organisations:

  • What experience and knowledge do you have creating financial statements and tax returns?
  • What are your numerical and data entry skills like?
  • How do you ensure excellent communication of financial findings between yourself, your team members and management?
  • What organisation techniques do you use to maintain accounting records?
  • Provide an example of how you showcased a high level of attention to detail.
  • What accounting systems are you familiar with?
  • Do you possess a CPA or CA qualification?

In terms of qualifications, due to the numerical and financial responsibility accountants have to businesses, a higher degree in accounting or finance is essential. Organisations can even find accountants who are accredited by governing accounting institutions for further expertise. This includes hiring accountants who are CPA (Certified Public Accountant) or CA (Chartered Accountant) qualified. Outsourcing companies can help you find the right candidate to meet your organisation’s accounting requirements, whether they need to be qualified or not.

Benefits of hiring an outsourced accountant

Organisations are able to appreciate the added benefits that come from offshoring accountant duties to the Philippines, including:

  • Increased employee satisfaction

    Give your local team peace of mind by relieving them of any unnecessary tasks and sharing the workload with an offshore team or team member. This will help increase employee satisfaction within your business. With your accountant team able to focus on what they were hired to do, you can expect to see a positive change in your working atmosphere.

  • Cost savings

    Hiring local staff can prove very costly to an organisation. Hiring an offshore team member that can assist your local team with routine accountant tasks for a fraction of the price will help you control costs in your organisation, saving up to 70% when compared to hiring locally.

  • Business growth

    Hiring full time offshore accountant can help increase profits and supercharge your business growth. By adding extra capability through an offshore team, your local employees will have additional capacity to take on more work and grow your business sustainably.

  • Efficiency increase

    Sending daily, time consuming, repeatable accountant tasks offshore will allow your local team to take on more work. By sharing the workload between your onshore and offshore team, you will notice a drastic increase in efficiency and productivity within your organisation.

What are the costs associated with hiring an offshore accountant?

Outsourcing your accountant services to the Philippines can represent significant cost savings of up to 70%. At Beepo, we offer a simple monthly fee to help you reduce your overheads and focus on growing your business. This monthly fee covers everything: including infrastructure, security, recruitment and training, management and staff benefits.

For more detailed information on costs, please arrange a business consultation so we can tailor a solution to your business needs.

The Beepo advantage

Beepo is an Australian-based outsourcing company that offers businesses a distinct competitive edge with offshore staffing solutions. We take the time to understand the hardships our clients face when it comes to recruiting hard working, dedicated staff. The Philippines is renowned for its finance talent and advisory skills, and we are adept at finding and recruiting the best of the best in terms of financial advisers.

Interested in learning more about the outsourced solution we can provide for your business?