JOB PROFILE
Accountant Outsourcing
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Planning to start accounting outsourcing? Whether you’re an accounting firm looking to grow your team, or a company with an in-house finance team that needs some additional accounting support.
We have more than 175,000 Certified Public Accounts (CPAs), and nearly 8,000 more join the workforce every year, after graduating from university and passing their board exams.
The accountant talent pool is highly-employable as both CPAs and fresh graduates have extensive experience from working with accounting firms. In other words, they are agile, and experienced in what they do.
Accounting experience
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Accounting Tools
Most intermediate and senior accountants have worked with accounting firms where they’re expected to work with clients from a wide range of industries all at once. So they have to be fast learners and hard workers.
You can even employ senior accountants with a specialist understanding of your local taxation laws (e.g. US or Australian tax law).
Filipino accountants stay in their role for an average of 5 years.
Accountants typically have extensive experience in the leading accounting tools, including:
Save up to 70% on labor and occupancy costs
We can employ and accommodate fully qualified, very experienced CPAs for your team for up to 70% less than you’d pay in your local employment market.
Tips for employing Filipino accountants
- It typically takes 6-8 weeks to recruit an accountant when outsourcing. The more experience you require, the longer it takes.
- Employ the best person for the role, not the cheapest. That may seem like obvious advice, but because talent is so inexpensive, some clients are tempted to seek out the lowest possible salary, in the mistaken belief that this will maximize their margin. The truth is, that just as when you employ at home, it’s a balance between cost and return, and cheapest rarely delivers the best ROI. But don’t worry; no matter what level of experience you’re after, you’ll find Filipino candidates who possess it for a fraction of the annual salary of their onshore counterparts. So you have the luxury of choosing very qualified accountants for a price that wouldn’t even get you a junior back at home.
- If you’re after someone with experience in your local tax laws, be prepared to wait a bit longer, and pay a bit more. If you need this specific expertise, you may be better off – at least initially – hiring junior and intermediate accountants and getting a local senior accountant to train them up.
- When employing outsourced teams of accountants, most of our clients structure the team as follows: senior team leader, one or more intermediates and one or more juniors. Their senior offshore accountant is typically supported by a senior onshore accountant.
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