Grow your accounting firm with offshore
Specialised positions like certified forensic accountant, are often the hardest ones to fill, due to a shortage in skills. Not just in Australia and New Zealand, but many other developed countries.
The Australian Department of Jobs and Small Business reported a continued shortage in Accounting professionals from 2017 to 2018. On average, 14 accountants applied for one job opening, but the majority of them were considered unsuitable.
This is because for roles like these, employers like you often require applicants with at least two or more years of experience. Particularly when looking for a certified forensic accountant or trust accountant.
Great forensic accounting solutions from Staff Domain
Staff Domain puts its focus on finding experienced, talented staff. The pool is large and the costs are low, so it is always worth investing in someone who can hit the ground running. Our state-of-the-art facility and laser focus on small to medium business means we attract the best in field and can create a culture and environment made of like minded people.
Discover the 3 easy steps to finding your offshore
Accounting is one of Staff Domain’s key verticals, and we are recruiting for forensic accountants each week. Our own list of preferred candidates is growing at rapid pace.
The Philippine talent pool in general is huge. There are over 188,000 Filipino CPAs with around 8,000 new accountants getting licensed annually. These professionals begin work immediately after graduating and quickly gain field experience and additional skills while working in accounting firms or Business Process Outsourcing (BPO) companies as offshore staff.
Lower employment costs for certified forensic accountants
A certified forensic accountant is an in-demand staffing role that commands a high market price. The average salary for a Forensic Accountant in Australia is AU$79
Cultural compatibility is the easy part. Filipinos are Westernised and speak near-native level English. They are highly proficient in the language, and have a 97% literacy rate. But more importantly, Filipino forensic tax accountants are well-versed in Australian taxation laws, business regulations, as well as software and tools required for the job.
In the last decade, large Australian accounting firms have set up subsidiaries in the Philippines and trained Filipino accountants on software like MYOB, Xero and others. The two-hour time difference is easily covered by offshore staff, allowing them and your local team to work the same business hours. Your Filipino certified forensic accountant will even have an Australian number to receive and place calls without international charges.
By partnering with Staff Domain, your business will have access to highly skilled, trained, and experienced certified forensic accountants just like the big players in the industry. You’ll have competent, loyal, and hardworking employees providing an excellent forensic accounting service at an affordable rate.
Trust accounting services require specific training on trust accounts and taxes. This specialised position is in great demand locally so if you’re on our website, chances are you can’t find the right person or can’t afford the high salary.
Offshore Accounting Services is a good solution to the trust accountant talent gap. It has brought countless benefits to thousands of small and medium accounting firms in Australia and New Zealand. In the past decade, the number of SMBs sending work across borders has increased significantly due to the positive experience of larger, more established firms in this space.
Skilled, highly-qualified and affordable finance professionals are within reach of small and medium accounting firms thanks to accountant outsourcing.
Staff Domain believes that Filipino accountants are among the best in the world. They are also exceptionally good at working with foreign clients. The presence of major Australian accounting firms in the Philippines, such as Ernst & Young and KPMG, has created a talent pool of experienced resources for offshore small business accounting tasks.
Accounts receivable outsourcing is a cost-effective way to improve your cash flow. Invoice on time and do away with the repetitive and often uncomfortable need to chase clients for money by adopting accounts receivable management services from Staff Domain.
Cash flow is king in any business, but especially small to medium businesses where effective accounts receivable management is critical. Slow payments choke businesses and hinder the ability to grow or invest. The trick is finding someone who can collect on invoices firmly without straining the customer relationship.
Accounts payable may be taking up too much of your accountant’s time. Perhaps you have already identified you need a full-time staff member in that position. Regardless of your circumstance, by turning to an accounts payable outsourcing solution, you’re going to see positive change in your business.
By offshoring small business bookkeeping tasks like accounts payables, you can have a talented employee focusing full time on your cash flow. Don’t just pay bills, have them planned out, supplier relationships effectively managed and your money trail clear, and clean.
For a small to medium accounting firm or a department of a similar size – payroll is a big task and often a drain on accounting staff. Whether that be managing timesheets, the preparation of pay slips, group certificates, salary payments, super management or leave accruals.
All payroll tasks can be conducted by a fulltime offshore payroll employee that you choose, and you manage.
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Hear on-demand research analysis directly from the researchers behind Bond University’s ‘Offshoring of Accounting Services in Australia’ report. Listen to anecdotal stories from Aussie accounting SMEs who took part in the Offshoring Research, as you get views and guidance from an offshoring expert.
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