Hire a Virtual Accountant
Accountants are much more than mere number-crunchers. Whilst they are best known for the services they provide business and private clients during tax season, the reality is that accountants remain busy throughout the year helping their clients set and meet financial goals. In fact, as many large businesses will tell you, accountants are the financial backbone of their operations.
When you’re operating a business, it’s absolutely essential that you keep track of your day-to-day expenses, as well as the company’s big-picture financials. Important as this is, many small business owners try to take care of their own accounting. This could end up costing them in the long run.
In times past, accountants relied on ledgers and other record books – poring over the various volumes of records to ensure that everything is up to date and in compliance. Today’s accountants, on the other hand, have digital tools at their disposal as well. Spreadsheets, advanced record-keeping software and cloud-computing all enhance a competent accountant’s ability to perform more powerful calculations. Here’s a sampling of the tasks an accountant will tend to:
- Preparing financial records and examining them to ensure their accuracy
- Inspecting accounting systems and accounting books, and keeping them up to date
- Ensuring that all financial records and statements remain in compliance with prevailing laws
- Determining how much tax the business or organisation owes, and ensuring that they are promptly paid
- Coming up with ways to streamline expenses and increase profits, and making suggestions to management accordingly
- Ensuring that all statements and internal record-keeping comply with prevailing laws, regulations and best practices
- Finding ways to improve business efficiency in terms of finances
- Providing routine auditing services for clients
An accountant’s education level depends on the type of work they perform. An associate’s level degree will pave the way to entry-level positions, though most qualified accountants hold at least a bachelor’s degree. In Australia, accountants must have at least a bachelor’s degree (or the equivalent) in order to apply for credentials as a certified public accountant (CPA).
There are many different career paths leading to specialisation in accountancy fields. Some accountants will specialise in risk management; others in assurances (i.e. working to improve the quality of information available to decision makers). Furthermore, it’s common for a particular accountant to specialise in a specific field – such as healthcare, small business, tax law, etc.
As mentioned, accountants are increasingly able to make use of digital tools, cloud computing and advanced software suites to carry out their tasks. This means that the modern accountant doesn’t need to be located in the same geographical location as their client. Instead, all they require is a strong grasp of the prevailing accounting laws and regulations at their client’s location. The actual calculations and accounting work can be carried out remotely.
BPO Virtual Assistant employs a team of highly qualified and competent accountants in the Philippines. Each accountant is expertly well-versed in Australia’s tax laws. They’re experienced, qualified and hold all of the necessary credentials. They are, of course, fluent in English and able to provide our clients with seamless accountancy services for pennies on the dollar. In short, our virtual assistant accountants are an indispensable resource for small-but-growing Australian businesses that need to make the most of a limited budget.
The Benefits of Hiring a Virtual Accountant
Whether you represent a large and well-established business or a small to medium-sized enterprise (SME), hiring a virtual accountant through BPO Virtual Assistant offers your organisation many advantages. We’ll outline a few of those potential benefits in the space below:
- Reduce the Expense of Hiring an Accountant
This is one of the most common reasons that our clients turn to BPO Virtual Assistant in the first place. Hiring full-time accountancy staff in Australia is expensive. At BPO Virtual Assistant, we work with qualified accountants in the Philippines, who provide much more affordable hourly, daily and weekly rates. This means we can provide you with a high-quality product that is every bit as good as the one you would receive at home – but for much less than you would pay in person.
- Only Pay for the Work You Order
Another disadvantage of hiring full-time, in-house accountancy staff is that there is bound to be downtime. Even if you have ongoing projects for them to tend to throughout the year, there will most likely be periods where the payroll exceeds the amount of work they are performing. But when you hire a virtual accountant, you pay discounted rates – and you’re only hiring them to perform the tasks that you require.
- Highly Skilled Professionals
Our Philippines-based accountants all have a minimum of a bachelor’s degree in accounting or a related field. They also possess all of the necessary credentials and qualifications needed to provide your organisation with professional accounting services in Australia. When you partner with BPO Virtual Assistant, you can be assured that you are working with some of the top talent in the region.
- Streamline Your Organisation’s Financials
Hiring a virtual accountant is about more than meeting your annual tax obligations and ensuring that your bookkeeping and records are correct and up to date. When you entrust your financials to a qualified professional, you’re also setting your business up for future success. An accountant from BPO Virtual Assistant will help identify areas of waste, or where new tactics could generate more revenue and higher profits. A competent accountant will provide your organisation with a near immediate return on investment – and that investment is modest to begin with when you work with a Philippines-based accountant.
A qualified accountant is an invaluable asset for any business or organisation in Australia. Regardless of your industry or sector, BPO Virtual Assistant can help connect you with an accountant in the Philippines who can help your business achieve better overall financials.
Our system is easy to use. All you need to do is get in touch with us with a general job description of what you would like your accountant to accomplish, and we’ll identify up to five candidates who we think would be perfect for the job. They’ll issue you daily reports, and our in-house team will manage them from day one. Contact us now to learn more.