Who are offshore accountants? 

Offshore accountants are accounting professionals from another country who work in a remote or virtual setup. They can either be an employee of an outsourcing company or a freelancer. 

Freelance offshore accountants 

• Short-term or hourly engagement 
• You’re not planning to expand your offshore team 

 Outsourced offshore accountants 

• Long-term accounting support 
• Professionally managed performance 
• You plan to scale as needed  
• End-to-end solutions (includes recruitment, onboarding, office space, equipment, management, etc.)

Benefits of working with offshore accountants 

1. Address your recruitment concerns 

Most outsourcing companies offer end-to-end accounting solutions. This means that once you sign a contract, they’ll take care of everything on your behalf, including sourcing and recruitment. 

2. Work with globally competitive accountants 

Outsourcing to offshore locations lets you choose the country where you’d like to hire your accountants. Through this, you’ll no longer be restricted to the available talents in your area. You can even check which countries have enough accountants at a cost that suits your budget and matches your qualifications. 

3. Reduce operational costs 

The cost of labour and overheads in major offshore outsourcing destinations are comparably lower than in developed nations. The same goes for operational expenses like office space, equipment and utilities — thus, giving you the opportunity to save more in the long run. 

4. Boost company productivity  

Offshore accountants can take care of your labour intensive practices so your in-house team can focus on high-impact activities like advisory services, tax planning, and compliance with tax regulations.  

5. Increase scalability and flexibility 

Growth is a good thing, but it can also be a challenge — especially when you don’t have enough skilled employees. 

Through outsourcing, you can scale up your operations without incurring significant costs and become more agile and responsive to your company’s growing needs. 

Work with offshore accountants from the Philippines 

Are you looking for competent and hardworking accountants? The Philippines might be the outsourcing destination you’re looking for — a country with over 200,000 accounting professionals who are well-versed in different accounting standards and proficient in English.  

Message us at marketing@dvphilippines.com to know how we can help you find the right accountant for your company or download our whitepaper, Outsourcing: How to Make it Work.