Bookkeeping
Outsource Bookkeeping Teams with Emapta
Bookkeeping is the backbone of every business. Having up-to-date and organized records helps you monitor business performance, keep track of expenses and revenue, and comply with the necessary requirements set forth by governing bodies to verify the validity of your operations.
But taking on the task of tracking every transaction on top of your core responsibilities may be too challenging on your own. Bookkeeping requires a dedicated staff or team, even for small to medium businesses. After all, compiling data and crunching numbers should only be second to your primary focus: growing your business and engaging your clients.
Understandably, creating a 100% onsite bookkeeping team can be too costly for your business. When talent is scarce in your area, local bookkeepers may charge exorbitant fees, not to mention it can be harder to retain them in the long run.
A cost-efficient growth strategy for your small business would be to outsource bookkeeping to the Philippines and other prime offshoring destinations. One of the top benefits of outsourcing accountants and bookkeepers to the Philippines is getting access to a vast talent pool of experienced accounting professionals eager to join the business process outsourcing (BPO) industry and build their careers internationally.
70% cost savings + 30-60%* efficiency gains + Unmatched Customer Service =
100% Peace of Mind
*as reported by current clients.
Dedicated bookkeepers for your organization
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 new valuable additions to their teams. Our clients’ offshore bookkeeping teams work remotely or in one of our 18 office locations – each enjoying HR, Admin, and 24/7 IT support.
We take pride in having one of the lowest attrition rates in the BPO industry. We achieve this by fostering an engaging work culture that offers certification courses, career development, and health and wellness programs to keep your accounting team upskilled, productive, and motivated.
We can help fill the gaps within your organization with offshore bookkeeping. But if you’re unsure how to start, our Growth Specialist is ready to answer your questions on building your dream team.
What our team does
We’ll provide full-time bookkeepers who work exclusively for you. You will have full control over the processes, technology, and work shift of your offshore bookkeeping and accounting team. To help you get started on your bookkeeping team outsourcing, we’ve listed 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 creation
- Profit and loss statement (monthly)
- Profit and loss statement (YTD)
- Profit and loss statement by class (monthly)
- Profit and loss statement by class (YTD)
- Cash flow statement preparation
- Accounts receivable aging
- Accounts payable aging management
- Prepaid expenses by vendor
- Accrued expenses by vendor
- Deferred revenue by customer
- Open sales order by customer
- General ledger management
- Financial statements & custom reporting
- Inventory management
- Foreign banking management
- Fixed asset management
- Coordinating with your CPA or tax adviser
- Tax & audit support
Accreditation we provide
We consider your offshore team an extension of your company. As such, we assist in training them or finding additional bookkeeping staff with proper accreditation to help them work better:
- Certified Bookkeeper (CB)
- Institute of Certified Bookkeepers Membership
- Xero-certified Adviser
- QuickBooks Certification
Bookkeeping team structure for small businesses
Most bookkeeping teams we’ve built for our clients include entry-, mid- or senior-level professionals who fit the following roles:
- Senior Bookkeeper
- Junior Bookkeeper
- Billing Specialist
- Payroll Specialist
- Tax Preparer
Outsourced bookkeepers oversee the daily, monthly, and yearly inbound and outbound cash flow of a business. 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, a payroll specialist, and a tax preparer whose records can be consolidated by your bookkeeper.
When building an offshore bookkeeping team with the Emapta platform, you can rest assured that you have complete control over your team structure. Besides access to a larger pool of premium talent, you also enjoy reliable IT and HR support.
Whether you intend to test the waters with just 1-2 bookkeepers or plan to outsource an entire team of 10-50 professionals, Emapta is here and ready to help you every step of the way.
Need a reference before outsourcing your bookkeeping team? Contact us so we can refer you to some of our existing partners to see if Emapta is the right BPO partner for you.
