Financial and accounting services are one of the core elements of a business organization. Thus,Guest Posting it is the responsibility of accounting firms and staff to perform their duty with utmost care and dedication. After understanding the weight of accounting work, some of the CPA firms in the US are adopting alternative hiring models to develop a flawless account like offshore staffing for accounting firms.
But, what’s offshore staff and how it is different from outsourcing?
Offshore Staffing Meaning –
Foremost, you need to clear that offshoring and outsourcing are two completely different hiring models. Offshoring stands for the relocation of business operations from one country to another in search of better growth and productivity. On the contrary, outsourcing merely means that contracting a particular job to an external company located globally.
In the context of accounting, remote staffing for accounting firms refers to professional accounting companies like CapActix that provide technical solutions to small, medium and large corporate accounting firms. Accounting companies can delegate selected parts of their work to offshore teams or they can delegate work of an entire department.
Most of the US accounting firms are looking forward to hiring offshore staffing solutions because, in spite of being highly important work, accounting is still not a core operation for various businesses. For example, a company dealing in the manufacturing of socks, for this company accounting won’t be a core work, but still, somehow important. So, these businesses go ahead and appoint accounting firms to handle their work which eventually increases the workload of accounting firms and then they seek solutions in the form of offshoring staffing.
Benefits Related to Offshore Staffing for Accounting Firms in the US
The accounting industry is highly competitive; thus, it is very crucial for new CPA firms to maximize their profits as soon as possible. Profit is one of the major parameters to define growth and expansion for accounting firms. Here, offshoring staff is turning out to be one of those effective solutions with which accounting companies can go on the path of profit.
However, cost efficiency is a very narrow down benefit of remote staffing for accounting firms as there are multiple other unveiled benefits present beneath the offshoring hiring model for accounting firms in the US. For instance –
Benefit #1. You won’t lose a potential client
The best thing about offshore staff is that you have dedicated and qualified professionals at your beck and call. Therefore, your ability to handle bookkeeping and accounting work increases tenfolds. Additionally, if you have hired offshore accounting firms from different time zone like India and the US where they have 12 hours of the time difference in between them, you will be able to provide around the clock services.