How U.S.Accounting Firms Can Find Outsourced Accounting Talent in the Philippines
With the rising demand for skilled accountants and the increasing cost of in-house teams, many U.S.-based accounting firms are turning to the Philippines for outsourced talent. The country has become a global hub for outsourcing, offering highly skilled professionals at a fraction of the cost. But how can accounting firms find and manage this talent effectively?
Where to Find Accounting Talent in the Philippines
There are several platforms where U.S. accounting firms can find talented Filipino accountants and bookkeepers:
1. UpWork: One of the most popular global freelancing platforms, UpWork allows you to find and hire freelance accountants for short- or long-term projects. You can post job listings, review profiles, and interview candidates directly through the platform
2. Onlinejobs.ph: Ajob board specifically catering to Filipino talent, OnlineJobs.ph gives you access to a wide pool of skilled professionals. The platform is ideal for firms looking to hire full-time, remote employees at competitive rates.
Both platforms allow U.S. firms to search for candidates with specific accounting skills, such as tax preparation, bookkeeping, or financial analysis.
The Challenge: Training and Managing Remote Talent
While finding accounting talent in the Philippines isrelatively easy, managing and training them can be a different story. When hiring through freelance platforms, U.S. firms are responsible for onboarding,training, and ongoing management of remote workers. This can becometime-consuming and require resources to ensure the team is aligned with U.S.accounting standards, tax laws, and firm-specific processes.
Moreover, managing remote employees across different timezones can pose challenges in communication, task delegation, and performance monitoring. While the cost savings of hiring in the Philippines are significant, accounting firms must also invest time and effort into managing and training their outsourced team.
The Cost Benefit of Outsourcing
The cost advantage of outsourcing to the Philippines is one of the main drivers for U.S.-based accounting firms. Hiring talent in thePhilippines can save firms up to 50-70% in labor costs compared to hiring locally. Additionally, many Filipino accountants are well-versed in international accounting standards, making them valuable assets for firms seeking to reduce operational costs without sacrificing quality.
The Better Alternative: Partnering with LedgerLogic
For U.S. accounting firms that want the benefits of outsourcing without the hassle of recruitment, training, and management, LedgerLogic is the perfect solution. LedgerLogic is a trusted partner for U.S.-based firms looking to outsource accounting talent. We take care of the entire process, from finding skilled professionals to training and managing them, ensuring seamless integration with your existing team.
With LedgerLogic, you can enjoy the cost savings of outsourcing to the Philippines without the time-consuming tasks of managing remote employees yourself. Our team is trained to handle U.S. accounting standards and tax regulations, ensuring high-quality service and improved efficiency for your firm.
Who Is Outsourcing Their Accounting and Why?
Why These Major Companies Are Choosing to Outsource
Are you considering outsourcing your accounting services? You're not alone. Many big companies are choosing to hire outside firms for their financial needs. By outsourcing, businesses can concentrate on their core activities while benefiting from specialized financial expertise. This approach can be a wise decision that saves time, cuts costs, and boosts efficiency.
In this blog, we will explore who is outsourcing their accounting and the reasons behind it.
Deloitte
Deloitte, a leading "Big Four" accounting firm, is renowned for its diverse services, including auditing, consulting, and tax assistance. Their global presence and resources make them a key player in the industry.
Outsourcing provides Deloitte flexibility and scalability, allowing it to adapt swiftly to market changes. It also grants access to specialized skills and advanced technologies, such as cybersecurity and data analytics, keeping it at the forefront of industry innovations.
KPMG
KPMG is a leading audit, tax, and advisory service provider, offering tailored solutions across various industries. Here are some reasons to consider their outsourcing approach:
Outsourcing can enhance KPMG's cost efficiency by reducing operational costs, allowing better resource allocation and competitive pricing. By delegating routine tasks like bookkeeping and payroll, KPMG can focus on delivering valuable advisory services and improving service quality, ultimately streamlining operations and maintaining a competitive edge.
PwC (PricewaterhouseCooper)
PwC is a leading industry firm recognized for its audit, consulting, and tax services. It is outsourcing to navigate complicated regulatory requirements better. This approach minimizes the chances of mistakes and guarantees compliance with financial rules, which is essential for building trust with clients.
Moreover, outsourcing allows PwC to enhance operations and service quality by delegating tasks, enabling a focus on customized client solutions. This strategy strengthens their reputation as a trusted advisor, improving efficiency and client satisfaction.
BDO
BDO is an international public accounting firm network focusing on audit, tax, and advisory services. It uses outsourcing mainly to cut costs, which helps it save money on having a full-time team while still providing top-notch services.
BDO can dedicate more resources to understanding and tackling unique challenges by outsourcing some tasks. This customized approach and its extensive industry expertise make BDO a popular option for businesses looking for personalized financial solutions. Adopting similar strategies could enhance client service and improve operational efficiency.
Accenture
Accenture is a global professional services firm focusing on consulting, technology services, and outsourcing. It strategically uses outsourcing to incorporate cutting-edge technologies into service delivery, enhancing efficiency and effectiveness.
By delegating non-essential tasks, Accenture can focus on key strategies that drive growth and innovation for its clients. Their commitment to leveraging technology keeps them ahead of industry trends, allowing them to provide innovative solutions that address clients' evolving needs. Adopting similar strategies could help your business thrive in today's fast-changing environment.
Why More Companies Are Turning to Outsourced Solutions
Outsourcing is an essential strategy for big companies that want to be more efficient and competitive. By bringing in outside experts for tasks that aren't their primary focus, businesses can save money, gain access to special skills, and concentrate on what they do best, which helps them innovate and grow.
LedgerLogic offers a complete outsourcing solution for companies, providing online accounting and bookkeeping services that eliminate the need for in-house staff and unpredictable rates. We handle all your accounting and tax needs, including payroll, budgeting, and compliance, allowing you to focus on business growth. Our all-in-one approach saves you time and money, making LedgerLogic the ideal partner for your accounting needs.
Transform your financial management—contact LedgerLogic today.
Outsourcing is no longer just for the "Big Four." Firms of all sizes, from global giants like Deloitte and PwC to mid-sized and smaller firms like Wipfli and Rehmann, embrace outsourcing to stay competitive in today's fast-paced accounting industry. Here’s why:
Why Large Firms Outsource
Top firms like Deloitte, KPMG, and EY outsource to offshore teams in countries like India and the Philippines for a few key reasons:
Mid-Market Firms: Joining the Trend
Mid-sized firms such as CLA and EisnerAmper are also seeing the benefits:
How Smaller Firms Benefit
Smaller firms can also leverage outsourcing to their advantage. Here’s how:
Ready to Explore the Benefits of Outsourcing for Your Firm?
At Ledger Logic, we help accounting firms of all sizes overcome staffing challenges, scale efficiently and streamline operations with dedicated offshore accounting teams. Whether it’s handling routine tasks or expanding capacity for complex projects, our tailored solutions are designed to meet your unique needs.
Contact Ledger Logic today to discuss how we can support your firm’s growth and operational goals.
How Outsourcing Can Make Your Accounting Firm Thrive in 2025
Is your accounting firm ready for the future? The rapidly changing accounting industry makes outsourcing a vital strategy for enhancing efficiency and client satisfaction. As 2025 approaches, accounting firms must adapt to market shifts to stay competitive.
In this blog, we’ll explore five reasons outsourcing can streamline your operations and position your accounting firm for significant growth and success.
Reason #1 Cost Efficiency
Outsourcing is a smart strategy for accounting firms to cut operational costs by avoiding expenses related to full-time staff, such as salaries and benefits. Instead, firms can access high-quality services from external experts.
Many are adopting flexible pricing models, like tiered pricing, that better reflect client value. This approach can save around 30% on operational costs, allowing for reinvestment in business growth.
Reason #2 Access to Expertise
Outsourcing provides access to specialized skills and advanced tools to enhance your practice. Many companies use AI to improve efficiency and accuracy, from simplifying complex tasks to ensuring precise financial reports.
Collaborating with tax preparation and compliance experts helps you stay updated on regulations and minimize errors. This allows you to focus on growth and deliver better client results.
Reason #3 Focus on Core Business Functions
When you delegate daily tasks such as bookkeeping and payroll to outsourcing providers, your team can concentrate on what truly counts—expanding your business. Rather than being overwhelmed by daily operations, your employees can focus on managing clients and developing the business.
This change boosts productivity and creativity, allowing your firm to remain flexible, recognize market trends, and introduce new services. Ultimately, it provides you with a competitive advantage while ensuring high-quality service.
Reason #4 Scalability and Flexibility
Outsourcing gives your company the ability to be adaptable and grow as needed. It makes it simple to modify your operations to manage changing workloads without the stress of hiring and training new employees.
This is particularly useful during busy times, such as tax season, when you require additional support. By outsourcing, you can maintain high service quality without overwhelming your in-house team, which helps you stay efficient and competitive.
Reason #5 Enhanced Technological Integration
External accounting firms increasingly use AI and automation to boost productivity and service quality. These technologies streamline tasks like data entry and invoice processing, enabling teams to focus on strategic projects.
AI also facilitates continuous accounting, offering real-time data access that enhances decision-making and compliance. By adopting these innovations, your firm can improve efficiency and strengthen its competitive edge in managing financial challenges.
Give Your Accounting Firm the Boost It Needs with Outsourcing
Outsourcing provides numerous advantages for accounting firms, including cost savings, access to specialized skills, focus on core activities, flexibility, scalability, and improved technology integration. These benefits enhance operations and competitiveness.
As we approach 2025, firms should see outsourcing as a strategic decision for growth and innovation. Partnering with LedgerLogic can elevate your accounting firm. Our tailored online accounting and bookkeeping services reduce overhead costs and eliminate the need for in-house staff, allowing you to focus on business growth and client acquisition.
With our expert accountants, you’ll stay compliant with regulations, enhance efficiency, and easily adapt to changing workloads. Simplify your operations and set your firm up for success with LedgerLogic.
Don't let accounting hold you back; contact LedgerLogic today!