Outsource Bookkeepers

What is a bookkeeper?

A bookkeeper is an integral part in the accounting process of any organisation. They are responsible for documenting accurate records of financial transactions and assisting in the production of financial statements for an organisation or accounting firms.

Bookkeeping duties and tasks can include:

Bank reconciliation
Payroll processing and maintaining entitlements and employee records
BAS (Business Activity Statement) preparation and reporting
Taxable payment reports
Monthly management and accounting reports
Checking financial records for accuracy and completeness
Processing purchases, sales, receipts and payments
Record keeping
Accounts payable and receivable
General ledger and journal entries.

These bookkeeping tasks are particularly well-suited to being outsourced as they consist largely of repetitive, rules-based work. Sending these transactional accounting tasks to an offshore bookkeeper will free up your local accountants to perform more value-add, long-term revenue generation work such as nurturing client relationships.

Bookkeepers are, essentially, the organiser and reporter of all financial information for an organisation. They constantly collect, collate and analyse financial data to present to management and accountants. In order to do this effectively, there are certain key skills bookkeepers require.

Outsourcing providers recruit bookkeepers 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 bookkeeping duties to Australian organisations:

What are your data entry skills like?
How do you ensure excellent communication of financial information between yourself and accountants and managers?
What organisation techniques do you use to maintain financial records?
What experience do you have interpreting accounting standards and bookkeeping principles?
Provide an example of how you showcased a high level of attention to detail.
What accounting systems are you familiar with?

In terms of qualifications, it really comes down to the size and financial reporting requirements of an organisation. Whether you are looking to train a bookkeeper from the ground up and teach them your business's way of record-keeping, or are interested in expertise and seeking bookkeepers with certifications and higher education, outsourcing organisations are able to find the candidates to meet the needs of your organisation.

Benefits of outsourcing bookkeeping services

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

Reduced costs

Save up to 70% on employment costs.

Expert support

A reputable outsourced provider can help ensure your outsourced journey is optimised for success.

Improve staff satisfaction

Increase employee satisfaction and decrease staff attrition rates.

Business growth

Foster sustainable business longevity by reinvesting into the growth of your business.

Flexibility and availability

Help your business become more agile and flexible by opening up 24/7 availability.

Access a global talent pool

Give your business the ability to tap into a global talent pool to source candidates from anywhere in the world.

What are the costs associated with hiring an offshore bookkeeper?

Outsourcing your bookkeeping 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.

How does hiring an outsourced bookkeeper work?

This first step is to find out if your business is offshore ready. If the answer is yes, here are the next steps:

Create a job description: to help us hire the right candidate for your role. We can also assist in this process to ensure we are finding the best talent in the current local market.
Source the right candidate: we source candidates across our database and the local market before presenting you with a shortlist of the most suitable candidates available.
Screen and interview: you screen, interview and select the candidate(s) you’d like to hire while we take care of the infrastructure set up to get them ready to work for your business. It’s usually around six to eight weeks to get your offshore staff up and running.
Onboard and train: your business, along with the operational assistance of our offshore management team, organise new staff onboarding and training, including the use of your systems, any relevant processes and workflows they may need and an overview of your company values and culture. This will help your new team member fit seamlessly into your organisation and assist in effective change management with your existing onshore team members.