Grow your accounting firm with offshore
Trust accounting services require specific training on trust accounts and taxes. This specialised position is in great demand locally so chances are you have struggled to find the right person locally, or can’t afford their 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.
They enjoyed overall cost savings of more than 60% and worked with qualified and competent finance professionals during local hours. Best of all, there’s no communications or language barrier because Filipino offshore staff speak and write in near-native English. What’s not to love about offshoring?
Discover the 3 easy steps to finding your offshore
Finding the best talent at affordable rates
Staff Domain can connect you with the perfect candidate for trust account management or forensic accounting.
There are over 180,000 skilled and experienced Certified Public Accountants (CPAs) in the Philippines, including those with Australian or New Zealand trust accounting experience. Many of them already have experience working for large Australian accounting firms which have set up subsidiaries there.
Staff Domain helps smaller businesses succeed by giving them direct access to a pool of pre-screened, highly qualified, and experienced finance professionals. We also eliminate the need for businesses to set up their own offices in the Philippines, further adding to the cost savings.
Your offshore team will not be working from home where they can have problems with internet connections, outdated computers, power interruptions and exposure to security and privacy breaches. They will be working eight hours a day inside Staff Domain’s state-of-the-art office facility with high-speed internet; brand-new computers; power generators and security and privacy systems second to none.
Loyal and committed staff will help you grow
Offshoring to the Philippines takes care of both cost and skills gap issues, but it also answers the problem of employee retention. Our clients can attest to the fact that Filipino accountants surpass quality expectations and they bring added value to the business – far more than what they’re paid for. They are also loyal and typically stay with their clients and companies for many years.
Staff Domain takes care of offshore accounting services staff by providing them technical and logistics support so they continue to work efficiently every day.
We make sure our clients and their staff communicate regularly online or through a dedicated local number. Staff are also well taken care of in terms of medical and non-monetary benefits, training and development and a fun, learning based culture.
They are kept happy, engaged, challenged and well-compensated so they will grow with you and your business. To learn more about why the best talent in the Philippines chooses to work at Staff Domain, visit our Careers section.
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.
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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Offshoring in 2020: Year in Review
Offshoring Research Webinar
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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It took quick thinking and moving, but it was the team effort that made our Work From Home roll out a success. Within 24 hours, all staff were set to be 100% productive (and most importantly safe) from home. Much to the delight of our supportive clients.
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