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bookkeeping

Outsource bookkeepers to the Philippines

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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.

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What key skills and qualifications make a great bookkeeper?

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:

  • 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 bookkeeper 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 bookkeeper 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 bookkeeper 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 bookkeeping 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 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.

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 accounting talent and bookkeeping skills, and we are adept at finding and recruiting the best of the best in terms of bookkeepers.

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