Offshore Accounting Services For Your Remote Team
The article enumerates some offshore accounting services you can delegate to your remote team.
The Finance and Accounting Outsourcing market in the U.S. is estimated at US$18.3 Billion in the year 2021. The country currently accounts for a 45.7% share in the global market.
Offshore Accounting is a term used in the same context with Accounting Outsourcing. The advantage of offshore accounting is businesses can hire, build, manage a dedicated team or staff through an outsourcing partner located outside a company’s geographical location to support business processes. With the right offshore accounting provider, you can unlock growth by reducing overhead costs and tapping into a large pool of finance and accounting professionals.
Read on for sample functions you can delegate to your Offshore Team:
- General Accounting Functions
Services you can delegate to your offshore Accounting team are general accounting functions such as managing all accounting transactions, operations and financial activities. You can also delegate accounts payable management, analysis and preparation of budget reports and forecasts, and the computation of taxes and preparation of tax returns.
- Bookkeeping
Offshore remote functions can extend to offloading bookkeeping and data entry services such as efficient recording of financial transactions, payroll management, invoice and billing management, processing of incoming payments along with the issuing of necessary paperwork, payment posting, and managing and reconciling balance sheets and financial statements.
- Compliance
Offshore providers can ensure that businesses comply with standard operating controls, financial policies and regulations. Compliance covers implementing and reinforcing financial data confidentiality, conducting database backups when necessary and ensuring timely bank and tax payments.
Connext Global Solutions Offers Cost-Effective Offshore Solutions
Connext Global Solutions provides offshore expert accounting and financial services support at all levels with our cost-effective offshore accounting solutions.
At Connext Global Solutions we allow clients to start with as little as 1 full-time employee and scale as they see fit. Connext actively sources top talent required by the client. Businesses looking to offshore Accounting functions can tap from our talent pool of:
- Bookkeepers
- Accounting Associates
- Junior CPAs
- Senior CPAs
- Controllers
The offshore accounting service provider is also capable of integrating current systems such as accounting software within your dedicated remote support teams’ operations.
Your offshore accounting staff can work with whatever existing systems or software you currently use for your accounting and finance transactions.
The company is equipped with industry-leading digital security systems and processes. We are SOC-2 compliant and have secure operating controls and processes in place.
Start building a scalable support team of Finance and Accounting experts. Outsource your end-to-end Accounts Payable workflow with Connext Global Solutions today.
