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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 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:

    Reduced costs
    Reduced costs
    Save up to 70% on employment costs.
    Expert support
    Expert support
    A reputable outsourced provider can help ensure your outsourced journey is optimised for success.
    Improve staff satisfaction
    Improve staff satisfaction
    Increase employee satisfaction and decrease staff attrition rates.
    Business growth
    Business growth
    Foster sustainable business longevity by reinvesting into the growth of your business.
    Flexibility and availability
    Flexibility and availability
    Help your business become more agile and flexible by opening up 24/7 availability.
    Access a global talent pool
    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 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.

    How does hiring an outsource accountant 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.

    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 we are adept at finding and recruiting the best of the best in terms of accountants.

    What other roles and services can your business outsource to the Philippines?

    Interested in learning more about the outsourcing solutions we can provide for your business?
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