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Don’t you just hate it when that happens? If you hired a remote staff accountant, this won’t be a problem anymore. Here’s what you should know about hiring one:
Staff accountants are members of a company’s accounting department. They take care of all kinds of accounting tasks to help businesses grow and usually work under the watchful eye of a certified public accountant (CPA).
Here are some of their common tasks:
Filing taxes is a pain in the butt for most people, especially when math isn’t their strong suit. For staff accountants, though, it’s second nature.
Hiring one will be really useful when you want to score the most tax deductions possible. Plus, having a staff accountant on board will help you steer clear of a tax audit. They’ll spot potential red flags before they turn serious.
You also won’t have to worry about being compliant or not, since your staff accountant will stay updated on the latest regulations.
Most people usually associate accountants with filing taxes, but that’s not the only trick they have up their sleeves. Another important function of a staff accountant is to keep track of things like:
They make sure every single penny is accounted for using tools like Excel and QuickBooks. But staff accountants don’t rely on these alone—to be safe, they may double-check the data themselves.
They also compare internal financial records with those from the bank or other external sources to see whether they’re consistent. This process is called account reconciliation and it’s necessary if you want to prevent fraud. Your staff accountant can perform this monthly or quarterly, depending on your business needs.
When they’re confident that the records are accurate and up-to-date, the staff accountant checks how the current numbers look in contrast to the previous month or year. From there, they create their reports and present them to you.
These reports can serve as the basis for budgeting and sales forecasts.
You can consider your staff accountant as a business advisor of sorts. Using the data from their reports, they can provide you with solid advice on inventory, sales, and manpower. These may include:
Staff accountants see the big picture and will recommend the best steps for a company to take, so you better have one on your team if you’re bent on making your business a success.
Staff accountants should have a good mix of hard and soft skills, such as:
Not every business needs a staff accountant. Companies that are just starting out are probably better off hiring a bookkeeper. You’ll know whether a staff accountant is a good addition to your team if:
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Did you know that 32% of small businesses fail within 2 years? One of the major reasons behind this is running out of finances.
Since staff accountants are pros, they’re the ones to go to when you need to know how to cut losses or where to invest your resources. They can also take care of taxes so that you can avoid an audit and having to shoulder hefty penalty fees.
Needless to say, they can save your company a lot of money.
A staff accountant presents you with reliable data about your company’s sales and finances. With these reports, you can stop playing the guessing game and be more calculated with your next move. The result? Better productivity, fewer efforts wasted, and a boost in profit.
By delegating your company’s finances to a staff accountant, you no longer have to dread filing taxes, calculating employee salaries, and wondering if you’re going over budget. You’ll finally be able to fit the stuff you actually enjoy doing into your schedule. Plus, you can be there more for your friends and family.
Finding the right staff accountant to join your team can be tough when you’ve never hired one before, but that’s where Shepherd steps in. We’re a headhunter agency that specializes in matching businesses with talented remote workers in the Philippines.
Here’s how we can help you hire a remote staff accountant from the Philippines at a fraction of the local cost:
Give us a background about your business and what you want in a staff accountant by answering this form. Include the skills they should have and a list of the things they’ll be working on. You can use this post as your guide.
We’ll arrange a call with you to hash out the details and let you meet the project manager assigned to you.
After the call, our team of assessors and scouts will look for candidates who match your staff accountant job description. Each candidate will go through a rigorous screening process before we give you the final list.
You’ll be given a list of applicants that have made it through the final screening. Review their profiles and narrow down which ones you’d like to get to know more, and then we’ll coordinate the interview schedules.
Once you’ve chosen the most qualified person for the role, we’ll hand off the relationship to you and you can start orienting them on company SOPs and their responsibilities.
Learn more: How we helped a real estate investment and development firm find an experienced accountant
The typical salary of a remote staff accountant is around $1,000-1,600 per month, full-time. The actual amount will depend on their level of experience and responsibilities, but you can expect to pay 80% less than hiring a local counterpart.
This guide will give you a better idea of remote worker salaries in the Philippines.
A staff accountant can keep your business on track for success. They aren't just there to file your taxes. With their data-driven mindset, they can help you maximize profits and make better decisions for the future. You won’t regret hiring one.
Contact us today to get started on finding your new staff accountant.
Any good staff accountant should have:
A staff accountant is in charge of the following:
Bookkeeping falls under accounting, so it’s easy to see why a number of people use the two terms interchangeably.
But what makes staff accountant jobs distinct from a bookkeeper’s is that a bookkeeper focuses on recording financial transactions. An accountant, on the other hand, analyzes financial reports, interprets the results, and proposes suggestions based on the reports.
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