Collaborating online and getting things done as and when required is one of the many great thing offshore staffing can provide. This ebook highlights how Small Accounting Firms can now collaborate online, and build successful Global teams.
2. It is not surprising to see many small- and mid- sized business organizations
trying new technologies and business operations structure nowadays. The
growing pressures of stiff competition, increasing costs of capital investment,
demanding higher pay scales, complicated legalities, among a lot of challenges
are now affecting revenue and target achievements. Such plethora of challeng-
es associated with starting and running a small business including, from devel-
oping your products or services to marketing them as well as handling
day-to-day tasks. Through all of this, you need to maintain accurate bookkeep-
ing, and produce timely reports and financial filings. It is not easy to find and
maintain an in-house accounting staff you can trust, and the big firms are
expensive and impersonal. Remote Accounting Services are the new age
mantra, with many small businesses now opting for it with each passing day. Let
us see, how Small Accounting Firms can now collaborate online, and build suc-
cessful Global teams.
3. 01 Updated Information & Uninterrupted Work Completion
02 Access to Latest Software and Technology
03 Sensitive Business Data — Confidentiality & Security
04
Pay More Attention to Task List than filling Accounting
Records Only
05 Work Collaboration and Coordination
06 Data and Documents at Your Fingertips
07
Expensive Full-Time Employees for Few Hours of
Work Every Day!
08 Methods and Procedures — True, Tried, and Tested.
09 Precision Timing
TABLE OF CONTENTS
4. UPDATED INFORMATION & UNINTERRUPTED
WORK COMPLETION
When overloaded with figuring out the next course of action or devis-
ing plans for your business, having accurate accounting books &
reports is one last task you need to worry about. Pretty much obvious,
as a business owner, it’s a priority agenda to be abreast of all budget-
ary matters, along with clarity on various taxes, and various govern-
ment filings. Hiring an in-house accountant brings along with it sev-
eral concerns along with the responsibility for making sure that
person stays on schedule for completing such tasks. With remote ac-
counting staff, all you need to do is set up schedules for detailed
reporting and necessary delivery times. Moreover, there are always
reserve or replacement staff employees, which immediately take over
in the absence of the person handling your business work. This en-
sures your work stays on track, and gets completed on time. Evident-
ly, this is not possible with an in-house accountant. Consequently, all
your business information and work status continues seamlessly,
stays updated in real-time, and meets completion deadlines.
5. ACCESS TO LATEST
SOFTWARE AND TECHNOLOGY
In most common scenarios, an in-house ac-
countant is more focused on his nature of ac-
tivities — accounting. A majority of accoun-
tants are not pro-level or advanced users with
respect to being experts in computing tech-
nology. Most wouldn’t know if and when any
new updates or special new software applica-
tions are available in the market. It is undeni-
able that some recent technological advance-
ment would increase process efficiencies,
which might result in replacing their job posi-
tions. Unlike their fear and despise of such sit-
uations, a remote staffing service seeks out
and implements all latest software, tools &
techniques essential to their business. Having
prestigious clients like you, is a prime driving
factor for such solution providers to seek out
any software updates or latest releases, which
increase process efficiency and reduce opera-
tional costs. Effectively, it is a win-win situation
for you as well as the remote staffing solution
provider.
6. Concerning all business operations, nothing is more critical than ensuring
safety & security of each bit of information about your business and its
finances. The risk of data theft falling into the hands of your competitors
or sinister data thieves cannot be guaranteed 100% with an in-house em-
ployee. More often than not, such closely trusted sources having access to
your confidential financial information are primary causes of data theft;
intentionally or unintentionally. However, this isn’t the case with any
remote staffing employee, who simply processes data stored on an
extremely secure server, locked down using the highest levels of data
security. Moreover, experienced remote staffing solutions providers know
to keep office premises free of any pen-paper-printer instruments, as well
as strict audio-video monitoring of on-floor employees, as well as strict
Internet usage guidelines with restricted access to any unnecessary web-
sites, which has no relevance with the client’s work or tasks list. Moreover,
the remote staff will never ask for or send you any documents via email,
and use only those tools agreed to work with for transferring any sensitive
information safely between your and their office.
SENSITIVE BUSINESS DATA - CONFIDENTIALITY & SECURITY
7. Only Accounting is not your primary source
of income, but a part function from a vast
array of business functions that run your
firm. Be it food service, consulting, or design
industry, accounting runs all other functions
of your business, and thus helps fetching
your revenue. Instead of focusing on the
operational functions of your business firm,
trying to setup and maintain accounting
staff involves added responsibility of hiring,
screening, training, etc. about your type of
business. Such extra workload robs you of
precious time, energy, and ideas you could
utilize in other aspects of running your firm.
Consider remote accounting solutions,
whose sole focus and experience is
managing accounting aspects of a business.
A team of experts is assigned tasks
according to their skills, competencies, and
experience, which are trained to handle and
execute any accounting tasks quickly,
effortlessly! Giving you more freedom to
focus your energies to planning and
managing other important areas of your
industry.
PAY MORE ATTENTION TO TASK LIST
THAN FILLING ACCOUNTING RECORDS ONLY
8. WORK COLLABORATION
AND COORDINATION
With an employee who isn’t working in
your office premises, coordination and
cooperation between both the parties
becomes quite a ponderous task. Usual-
ly, they’re either located in much far
cities with some time zone difference, or
halfway round the world where your day
is their night, and vice versa. The benefits
of having the latter kind of arrangement
ensures that when you step into your
office next morning, all your pending,
assigned work is completed and ready as
per your requirements! This saves you
valuable time, and you have completed
work tasks at the beginning of every day,
rather than in the late hours of each day!
9. DATA AND DOCUMENTS AT YOUR FINGER-
TIPS
Maybe some days, you might be travelling to far off locations for
business purposes. Having all your accounts work within your office
premises limits your access to critical information when needed. With
a remote staff employee, you get 24x7 accessibility to all your data
from anywhere, anytime if you have internet access. There’s no way
you can have this convenience from an accounting firm, or your
in-house accountant on a Sunday night.
10. EXPENSIVE FULL-TIME EMPLOYEES FOR FEW
HOURS OF WORK EVERY DAY!
Being a small business firm, there’s a limitation of resources you can deploy for
each function of your organization. Having more personnel for tiny tasks
results in too much cash outflow in the beginning than necessary leading to
reduced revenue and lesser profits. Not only are your bearing their salary, but
also payroll taxes, benefits, and training, along with infrastructure including
office space, desks, phones, computer hardware and software, and much
more. For an initial startup, you should calculate all the unnecessary additions
to the workforce, which is not contributing materially to the process of
growing your business and your revenue. With a remote staff personnel, you
only need to pay for the number of hours they have worked for, to process and
complete your office’s work tasks. Nothing more, nothing less. In fact, it costs
you effectively much lesser than having a part-time in-house employee!
11. METHODS AND PROCEDURES -
TRUE, TRIED, AND TESTED
Starting your own business,
involves setting up an ac-
counting system with cus-
tom-tailored methodologies,
which is time consuming, and
risky for a fresh organization.
Furthermore, recruiting an
in-house accounting profes-
sional would be tedious, as
they would more likely brings
in certain styles of working,
and methodologies they have
learnt from their previous
organization. With a remote
staffing solution provider, a
team understands and acts
exactly as per your require-
ments and guidelines, since
they have already completed
relevant research, and have company policy and procedure manuals, checklists,
and controls specific to your organization. You get the benefits of gaining best
key practices, including consistency, accuracy, and timeliness, which they have
been providing flawlessly over the years. Be it restaurant business, a law firm, or
a design shop, you need the freedom to divert all your strength and energies into
your core expertise, but not accounting all the time. A seasoned remote staff ac-
counting firm is well versed with all standard accounting practices, laws, and tax
regulations. They also have experience in dealing with any possible financial situ-
ations or issues, which could arise for your company. All through their stringent
selection process for selecting the right professionals for the right job.
12. At sunrise each day, your regular pre-set day schedule begins when you
enter your office, and after a few long hours, it’s almost end of your work-
ing day. You surely do sometimes feel the hours aren’t enough. Having
remote staff working for you, while you are away from office, between the
precise timings of sundown and sunrise, work progressively for your firm
in having completed work the next day when you step into your office
premises. This precision setup is worth more than all the time, money,
and efforts it might take to have more local staff working for you all d ay
long! This is one of the prime reasons a lot of small- and medium- sized
businesses are relying on remote staff since, in a way, there’s twice the
output of precision qualitative and quantitative work results in a single
day. A team of experienced professionals cleanly and accurately manages
your bookkeeping, monthly basis of closing accounting books, filing busi-
ness returns on time, as well as closing books before the end of January
each year. Along with error-free, timely filings, remote staff adds value to
their services by providing you with a list of every deduction you’re enti-
tled to, including some you may not even have noticed during recent tax
law updates!
PRECISION TIMING