- Partner with an accounting firm in Makati for your outsourced accounting needs.
- Outsourcing to the Philippines is a viable and profitable strategy for foreign-owned companies.
- An accounting firm in Makati has the experienced and certified accountants you need to keep your books updated.
If you’re looking for accountants, you might want to consider partnering with an accounting firm in Makati, Philippines. The country is a prime outsourcing destination because of the advantages it provides companies looking for first-rate accounting, bookkeeping, and financial services.
Reasons to Choose Filipino Accountants
There are good reasons companies from the United Kingdom, Australia, United States, and Canada want to hire Filipinos whenever they consider outsourcing some of their services. Why should you hire Filipinos?
They are Hard Workers
Filipinos show dedication and motivation when you assign tasks and projects to them. They are driven individuals that want to showcase their expertise and experience. They are also eager to learn, which makes them teachable and open to acquiring new skills that can benefit your company.
They are Fluent in English
When building a first-rate accounting team, many companies look for English proficiency. Filipinos tick this skill off easily. Many Filipinos are fluent in English, especially if they have a bachelor’s degree. The skilled workforce won’t have a steep learning curve because of your company’s English language requirement. You can have casual conversations with them or discuss work. They can communicate and present to you and your clients without any problems.
Have the Skills You Need
The Filipino workforce has a diverse skill set and varying experience levels that can join your team. You can find a candidate that can do marketing, sales, customer support, accounting, finance, IT, and other skills your growing organization might need. You can train your team from an accounting firm in Makati so they can comply with local tax laws in your city and country. You can also enroll them in certification programs to improve their skills.
Understands Western Culture
Your team in the Philippines understands Western culture. You can engage them in casual conversations, go out with them after work hours, and talk about other interests outside of work. This allows you to build a rapport with them and make your organization stronger.
Cost-Effective Choice
One of the reasons companies consider outsourcing is because of its cost-effectiveness. Choosing the Philippines provides your organization with a cost-effective option whenever you outsource accounting, finance, and bookkeeping needs. You’ll pay less compared to hiring in-house in your own country without sacrificing the quality of the services you get.
What Accounting Services Should You Consider Outsourcing?
When you finally find an accounting firm in Makati that meets your standards and has a team that can deliver the output you require, you’ll reap the full benefits of outsourcing.
Scale when Needed
Outsourcing provides you with a degree of flexibility that you won’t have if you hire an in-house team. You can negotiate a short or long contract depending on the needs of your business. You can upgrade or downgrade the services you want based on the number of transactions you process, the number of tasks you need to delegate, and the length of a particular project. You can also just hire accountants for a few hours a week.
Tap into a Pool of Experts
You have the option to get a junior-level accountant or a senior one. You can tap into a deep pool of talent when you outsource your finance and accounting needs. You don’t have to hire them full-time. You can settle for a shorter contract based on your needs. This allows you to maximize your resources and still get the quality output you desire.
Reduce Costs, Boost Profits
One of the biggest advantages of outsourcing to an accounting firm in Makati is that you cut business expenses while boosting profits. You don’t have to provide paid time off, compulsory government benefits, incentives, and others to your outsourced service provider. You can just hire them for certain hours per week updating your accounting books, providing financial services to your clients, processing payroll and other related services.
Bump Up Efficiency
Working with an experienced outsourced service provider improves the efficiency of your accounting team. Your outsourced team can take on administrative tasks or higher skilled work to fill in experience and expertise gaps in your organization. This boosts the overall performance of your operations and reduces risks.
Manage Your Team Effectively
An outsourced team is a plug and play option because they went through your vetting process from start to hiring date. You can delegate tasks to them as soon as you finalize the contract. They can collaborate with your in-house team and deliver quality output. Once you establish clear roles and responsibilities, your in-house and outsourced team can work efficiently.
Some of the accounting, financial, and bookkeeping services you can outsource include:
- Payroll processing requires dedicated attention to detail. You’ll need to pay your employees on time. Identify a schedule and stick to it so that your employees can expect their salaries on a particular date.
- You can outsource bookkeeping to your team in the Philippines. Your outsourced service provider can update your books or your clients’ books for you. They can check for errors and correct them accordingly. They keep your financial records updated so that you can use real-time data for decisions.
- The outsourced team you hire can create financial reports for you. You can use these reports for your presentations, or your team can use them for their tasks.
- The team you hire can make sure your clients are tax compliant. They implement tax policies and regulations based on the requirements of a client.
Choose Manila Bookkeepers, an Outsourced Accounting Firm in Makati
Manila Bookkeepers can be your business partner in the Philippines. They are a reliable and experienced accounting firm in Makati. Their management team has years of experience in the finance and accounting industry.
You can count on us at Manila Bookkeepers whenever you need finance, accounting, and bookkeeping services. You can outsource some of your accounting and finance-related tasks to our team of experienced accountants. We can process accounts receivable, payroll, assist in business permit renewal in the Philippines, transfer pricing services, PEZA/BOI registration, tax compliance, and others.
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