Hiring Remote Filipino Accountants and Finance Staff: How It Can Help Your Business Grow
Looking for additional accounting or finance staff? Considering Finance and Accounting Outsourcing? Whether you want a Filipino CPA, Filipino debt consultant, financial adviser, analyst or a Filipino mortgage broker, your new offshore full-time remote staff not only help to grow and expand your business, but also save you money.
This is popular strategy for many businesses, because it’s an extremely cost-effective approach to hiring new staff. You can save up to 75% of the costs of hiring locally when Outsourced provides you with the expert staff you require for your business.
Why Outsourcing For Accountants in the Philippines Is A Practical And Cost Effective Strategy
Whether you’re a start-up business or a large multi-national company, finding the right type of staff can be a difficult and time consuming process. That’s why outsourcing for accountants in the Philippines is a popular strategy because it provides a stress-free solution for hiring qualified and experienced full-time staff.
What Is Outsourcing For Accountants?
Outsourcing for accountants is a proven strategy for hiring full-time employees who operate remotely but are still regarded as an integral member of your team. They handle all your company’s accounting tasks and can be hired quickly and efficiently with the help of the Outsourced team.
Accounting & Outsourcing – What Are The Benefits?
Many companies find it difficult to find and retain experienced accountants, particularly at the rates they demand when hiring locally. So one of the biggest benefits of outsourcing accounting services in the Philippines is cost-efficiency which helps to increase your margins. In fact, you can save up to 75% of the costs spent when hiring locally, including the recruitment costs and their full-time salary – when you outsource to the Philippines.
A business model based on outsourcing for accountancy services operates extremely well for a variety of reasons, one of which is the move towards cloud-based technology. This means that you can have a team of accountants in the Philippines who can instantly access all your data and collaborate with your in-house team in real-time. Along with saving you a significant amount of money, this approach helps to streamline your business’s performance and support further development and growth.
Outsourced accounting in the Philippines also gives you access to a large pool of talented professionals who are ready and willing to take on a full-time role with your company (many are CPA and CA accredited). All you need to do is provide us with your criteria and we provide you with a shortlist of qualified candidates. As you can appreciate, the savings in both time and money when outsourcing for accountants, rather than employing locally, can be significant.
Your full-time outsourced accounting staff will fulfill all your criteria and be ready to start work immediately at our state-of-the-art facility in the Philippines. We manage all the on-boarding processes for your company and provide all the resources and infrastructure they need to operate as a valuable member of your team.
What Type Of Outsourced Accounting Services Do You Need?
Some of the services that outsourced accounting professionals can provide include accounts payable and receivable, bookkeeping, payroll processing and even tax advice. Then there’s BAS preparations, audits, budget forecasting, compliance reporting and much more, as follows:
- Reconciling bank statements with ledger entries.
- Preparing budget forecasts and risk analysis assessments.
- Processing tax payments and returns.
- Tracking payments to suppliers, employees and stakeholders.
- Managing balance sheets and profit/loss statements.
- Reporting on your company’s financial health and liquidity.
- Auditing financial transactions.
- Examining employee expenses.
- Identifying areas where costs can be reduced and profits maximised.
When outsourcing finance and accounting services to the Philippines, skills such as attention to detail, business acumen, computer literacy, and analytical and communication skills are assured. So if you want to save money and grow your business, outsourcing accounting work will definitely give you a competitive edge and help to ensure your future success.
Let’s look at some of the professional finance and accounting roles that can benefit your company
Filipino CPA
Your dedicated Filipino CPA manages all your accounts, prepares budgets and cash flow analyses, activity statements and monthly reports, as well as lodges your tax returns. He or she will also conduct any necessary audits and prepare all financial statements. We have many Filipino CPAs that operate very successfully from the Philippines for a variety of companies. They work on a full-time basis while operating locally at our state-of-the-art facilities.
Filipino Debt Consultant
Your full-time Filipino debt consultant works from our up to date, high-tech facility in the Philippines and helps you manage your debt, finding the best deals and negotiating on your behalf. A Filipino debt consultant is a financial expert who provides you with the advice you need to effectively manage debt. From reviewing mortgage applications, offering advice on loans and examining client finances to devising budgets and negotiating with creditors, your Filipino debt consultant helps your company to manage your current debt so that your financial security is safe.
Filipino Financial Adviser
A full-time and dedicated Filipino financial adviser helps your company set and achieve your financial goals. They recommend and select the best type of investment portfolios for your company, monitor your accounts and determine if any changes are required to improve their performance. Your remote Filipino financial adviser also provides advice on wealth management, taxation issues and asset allocation. The requirements of your business will determine the qualifications and experience of your Filipino financial adviser.
Filipino Mortgage Broker
A Filipino mortgage broker helps your company process more loans, quickly and efficiently, growing and expanding your market share. They also assist in growing your network of providers and liaising with your current lenders. A full-time dedicated Filipino mortgage broker can access a client’s financial status, compare loans and select the best offers for your clients. They are particularly useful when clients have been refused mortgages due to their inability to meet standard bank lending requirements, using their expertise to identify alternative financing for these clients.
Filipino Finance Analyst
A Filipino financial analyst operating remotely from our facility in the Philippines helps your company make well-informed commercial decisions. Their role involves collecting fresh data, analysing historical data and making forecasts and projections. Based on their analyses, your offshore Filipino financial analyst makes recommendations aimed at reducing your overall costs, growing your revenue, increasing your market share, boosting operational efficiencies and increasing customer satisfaction.
Whether you want a Filipino CPA, Filipino debt consultant, Filipino financial adviser, Filipino mortgage broker, Filipino financial analyst or any other accounting or financial professional, Outsourced manages the entire recruitment and onboarding processes for your company.
The Easy Way To Hire Accounting And Financial Staff In The Philippines
Trying to find qualified and experienced staff for your company can be fraught with difficulties, taking an enormous amount of time and energy that could be better spent in other areas of your business. When it comes to hiring financial and accounting staff however, these difficulties not only increase, but they can become overwhelming. This pressure is simply due to the fact that finding the right people for these positions is essential to the smooth running and success of your business.
We all recognise that hiring staff is part of doing business, but it’s often one of those tasks that owners and managers wish could be handled in some other way and by someone else. This is where Outsourced comes into the picture, because we can step in and organise all your hiring needs, quickly and efficiently.
Choose Outsourced Finance Staff With The Right Specialty
There are many specialities within the financial and accounting field, one or more of which, might be suitable for your business. As an example, we can hire the following staff for your company, but we can also source people with a mix of highly specific skills, more suitable for your company.
How Does The Hiring Process Operate?
Your first step is to send us a complete job description for the position or positions that need to be filled at your company. We will then scour our networks to find suitable candidates who fit your job description, collect their CVs, and discuss each client, in depth, with the person nominated to deal with hiring at your company. Once you have perused the CVs and made your decision, Outsourced hires them and sub-contracts them to your company.
So we not only do all the hard work in identifying the best candidates for your company, but we also relieve you of hiring and training these new staff. Your new employees will remain in Manila and work remotely for your company, although you will manage their work on a daily basis and assign their tasks. Outsourced provides the office space, Human Resources, payroll, and any facilities or equipment that are needed for your sub-contracted employees to carry on their work for your company remotely.
Outsourcing Your Financial And Accounting Staff – In A Nutshell
As mentioned throughout this article, one of the clear benefits of outsourcing your financial and accounting staff is that it’s one more task that you don’t need to perform. Life is busy enough as it is, but trying to squeeze another time consuming task into your day is often too big an ask. Leaving it to someone else is an easy, but very effective option.
Another great reason for outsourcing your financial and accounting staff is that it’s extremely economical and a great cost saving measure for your company. The money and time you save and the staff that are freed from hiring and training new employees can be reallocated to other, more critical areas of your business.
For more information on how we can help you hire financial and accounting staff in the Philippines, please call us on one of our national or international numbers or send us an email enquiry.
