Outsourcing virtual accounting services can work from anywhere, giving them and you the freedom to operate your business without having a fixed office space. It allows you to reduce overhead costs while also providing greater flexibility to you and your team.
Virtual bookkeeping can be extremely beneficial for your business as it allows you to access a global pool of talent while reducing your costs. The Philippines has a strong workforce of qualified accountants, making it easy to build a virtual accounting team. A virtual bookkeeper can keep track of your company’s accounts, payroll, taxes, and day-to-day financial operations.
A CPA in the Philippines can meet the needs of your business effectively as they are qualified, experienced, and culturally more compatible than CPAs from other countries. The Philippines is a low-risk offshoring country that has strong business process outsourcing infrastructure, workforce, and strong IP protection. The costs associated with the virtual team based out of the Philippines are much lower than in other countries, too.
It is also easy to manage your accounting team by connecting with them virtually, which allows you greater freedom of working from anywhere. All you need to connect with the team is a stable internet connection! Another advantage of building your offshore finance team in the Philippines is that the workforce is culturally diverse and can easily adapt to your culture and values.
Having an internal finance and accounting department incurs huge costs in terms of office space, hardware, and office supplies. You don’t have to bother about these things when your accounting team is virtual. All virtual employees have their own home-office set up or another quiet space to work from, a laptop or computer, necessary office supplies, and they are also trained by the staffing agency.
What does your dream Virtual Team look like?
The following is a list of possible offshore positions to handle all your finance and accounting functions:
The following is a list of the possible financial services that an offshore accountant and their team can offer: