Accounting & Finance

Bookkeeping

Outsource Bookkeeping Teams with Emapta

Bookkeeping is the backbone of every business—having up-to-date and organised records help you monitor your business’ performance, keep track of your expenses and revenue, and you can easily comply with the requirements of external agencies to check the validity of your operations. 

But if you’re going to track every transaction on your owninvoices or profitability reports—on top of your core responsibilities, it’s not enough. Bookkeeping requires a dedicated staff or team even for small to medium businesses because compiling data, crunching the numbers should only be second to your focus: growing your business and engaging your clients.  

Understandably, creating a 100% onshore team for bookkeeping can be too costly for your business. When talent is scarce in your area, chances are local bookkeepers may charge exorbitant fees. It may also even be harder to retain them in the long run.

A cost-efficient growth strategy for your small business would be to outsource bookkeeping services to a prime outsourcing destination such as the Philippines. One of the top benefits of outsourcing bookkeeping is getting access to a wide-ranging talent pool of experienced accounting professionals who are eager to join business process outsourcing (BPO) companies to build their careers in the international arena.

Emapta provides high-performance teams for accounting firms in Australia, the UK, the US, and other parts of the globe. Whenever a client needs new staff, we’re quick to source and onboard their new addition to the team. Our clients’ offshore bookkeeping teams work either remotely or in one of our 14 office locations -complete with HR, Admin, and 24/7 IT support.

We take pride in having one of the lowest attrition rates in the BPO industry by fostering an engaging work culture that offers training programs, certification courses, as well as health and wellness activities, to keep your accounting team upskilled, motivated, and productive.  

 

Learn More: Top Talent, Total Care: Our Recruitment and Retention Secrets to Low Attrition Rate, Access to the Top Bookkeeping Talent and Employee Engagement

 

Looking for a specific finance and accounting solution? Talk with our Accounting Subject Matter Expert with a broad experience in helping clients build finance and accounting teams across different team setups and locations. 

 

We’ll provide you with full-time bookkeepers who work exclusively for you. You have full control over the processes, technology, and work shift of your outsourced accounting and bookkeeping team. To guide you on how to outsource bookkeeping, here are some of the crucial tasks you can delegate to your team:

 

General Services: 

Accounts payable (bills and payments)

Accounts receivables (invoices and collection)

Daily General ledger maintenance

Time tracking & job cost reporting

Payroll processing

Expense classification

Sales commissions

Sales and use tax filing

Bank account reconciliation

Credit card reconciliation

Balance sheet generation and review

 

Advanced Services: 

Budgeting & Forecasting 

Balance Sheet 

Profit and Loss Statement – Month 

Profit and Loss Statement – YTD 

Profit and Loss Statement by Class – Month 

Profit and Loss Statement by Class – YTD 

Cash Flow Statement 

Accounts Receivable Aging 

Accounts Payable Aging 

Prepaid Expenses by Vendor 

Accrued Expenses by Vendor 

Deferred Revenue by Customer 

Open Sales Order by Customer 

General Ledger 

Financial statements & custom reporting 

Inventory management 

Foreign banking management 

Fixed asset management 

Coordinating with your CPA or tax adviser 

Tax & Audit support 

 

We can also help train your offshore team members or find bookkeepers who have the following accreditation:

Certified Bookkeeper (CB) 

Institute of Certified Bookkeepers Member 

Xero-certified Adviser 

QuickBooks Certification 

 

Our bookkeeping teams are often composed of entry-, mid- or senior-level professionals in the following roles:

Bookkeeping team sample setup for small businesses

Senior Bookkeeper 

Junior Bookkeeper 

Billing Specialist 

Payroll Specialist 

Tax Preparer 

 

The bookkeeper oversees the day-to-day/monthly/yearly inbound and outbound cash flow. In some cases, this work can be divided between the senior and junior bookkeepers, where the latter can focus on encoding and maintaining financial records. You can also include a billing specialist, payroll specialist, and a tax preparer whose records can be consolidated by your bookkeeper.

If you’re interested in offshoring bookkeeping teams but would like to hear it straight from a peer who has done it, contact us and we can get you referral from one of our existing partners.

Not ready to build a team yetNo worries! We’ve also helped firms who planned to start with hiring 1-2 staff offshore and browse our individual roles. 

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