Growing Through Offshoring: How We Help Our Clients

6-minute-read   The vision of The Outsourced Accountant (TOA) is to revolutionise global accounting teams. We aim to be the leader in providing dedicated accounting and professional support staff for firms in the USA, Canada, Australia, New Zealand, and the rest of the world. With close to 900 accountants and support staff and continuously growing, ... Read more

Diversify To Amplify: Why Accountants Should Build A Bookkeeping Division

4-minute read   The answer to this intriguing question boils down to one word: Diversification. In an accounting industry amidst massive disruption, this one word can be the difference to winning or losing the future game. You will find out why below.   SHIFT IN STATUS QUO For the longest time, accountants have been considered ... Read more

Learn How To Setup An Offshore Team To Drive Your Firm To Success

Playbook how to set up an offshore team

3-minute read


This is an updated version of our March 29 webinar.


In our latest webinar, The Outsourced Accountant Chairman, Nick Sinclair, discussed the ways to drive success to your firm by setting up an offshore team. Among the topics covered were:

  • Profiles of accounting firms
  • Big issues in the industry
  • Your support to grow
  • Business case and models

Is Your Firm Ready For Outsourcing?

Drive success to your firm and set up an offshore team


In our March roadshow, we spoke to more than 200 accounting firms to help them learn the ways to drive success to their business by setting up an offshore team.

We asked participating businesses where they are with offshoring and found that:

  • 5% of firms already have an offshore team setup
  • 40% have decided to offshore but haven’t implemented the steps
  • 45% said that they still need to learn more about offshoring
  • 10% still don’t have any team setup but are already outsourcing some tasks

Bookkeeping Is Growing

  • There is a huge growth in the industry, particularly bookkeeping
  • It is one of the fastest growing aspects of running a successful accounting firm
  • Here in The Outsourced Accountant, we have more than 50 requests for new team members and 40% of those are for bookkeepers

Looking At The Profile Of An Accounting Firm

Setup an offshore team_accounting firm profile


There are different ways to run an accounting firm. There’s really no right or wrong way. Based on what we’ve seen so far, accounting firms are profitable. The only thing that stuck out and felt like an issue was cash flow.

That’s because the WIP days are taking way too long. In fact, it’s taking accounting firms, on the average, 52 days to get paid once they have completed the work. Most companies don’t even charge for the WIP, which means they are doing work but not getting any revenue for it.

New Or Existing Clients?

One of the things we wanted to know from firms is if they are focusing on existing clients or working on new clients to gain more business.

Most of the accounting firms don’t have the capacity to get all their work done on time yet they still continue to take on new clients.

The reality is we can’t even manage the ones we already have and yet we continue to add more. It all boils down to workflow and people management.

Big Challenges In The Industry

Setup an offshore team_Big issues


Many firms are still paper-based

  • Many companies still acquire and gather data through physical documents
  • Companies haven’t embraced digital signatures and technology that can automate processes
  • Using automating tools, like Receipt Bank, can save accountants between 4 and 8 hours


Too much technology

  • Too many choices for software and tools can lead to technology paralysis
  • Having too much options can cause confusion and overwhelm clients
  • Firms can either be given too much and not use it or not put in anything at all and risk not delivering any value
  • Look into using value-added technologies you can use


Limited time for accountants

  • Compliance tasks consume too much of accountants’ time
  • Having limited time can affect productivity and, in the long run, efficiency


No work life balance

  • Spending too much time on low-impact tasks can keep accountants from focusing on work that generates revenue
  • When accountants are too busy with compliance, they are more likely to spend more time inside the office
  • Busy accountants are susceptible to a disrupted work life balance




Fresh from our successful roadshow across the country, we are bringing to you the key insights from accountants who are working with offshore teams to drive success to their firms.

We’ll talk about the following topics:

  • Key insights from the 2018 roadshow
  • Performance profiles and opportunities for accountants
  • Key processes to target
  • Key metrics firms need to focus on


Secure your spot now by registering through this link.


Can’t Find The Right People With The Right Skills?

Skills shortage is a major concern for many businesses. While there are many professionals available, finding the talent that perfectly suits the role you need can be a challenge. The good news is there a huge pool talent in the Philippines that you can tap. Setting up an offshore team will connect you with the right people for your roles.


Looking To Scale Your Firm?

You need to enhance capacity to add more value for your clients, improve work-life balance and increase revenue. Bridge the gap between the time you want to spend with clients to the ACTUAL time you are spending with them by building an offshore team that will help grow your business.

Tune into this webinar to discover the steps to building your offshore team.

To unlock the secrets to setting up an offshore team, listen in on Thursday, 29 March 2018 from 12:00 NN to 1:00 PM QLD (AEST) | 1:00 PM – 2:00 PM NSW/VIC (AEDT).


Reserve your spot today by registering through this link.


Get the latest accounting industry updates in your inbox. Subscribe to The Ledger blog now.  Or listen to our podcast series, The Offshore Accountant for first hand stories on offshoring journey.

The Outsourced Accountant is the leader in dedicated outsourcing for accounting firms. We help firms become more efficient and scalable  through insightful content like webinars, podcasts and articles.

To learn how to build a successful global offshore team and  improve workflow, download our ebook here. If you’re experiencing capacity restraints and looking to scale your firm, call our offshoring specialists today at 1300 896 522.

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In this webinar, ATL Network CEO Colin Simkins, along with The Outsourced Accountant CEO Nick Sinclair, talked about potential resourcing solutions for firms. For years, one of the common themes firms go through is staff shortage. The challenge in getting the right people is one of the many challenges that just doesn't seem to go ... Read more