We’ll Source, Hire and help Manage them
for you so you don’t have to.
Lifetime support, dedicated account manager
by your side, every step of the way!
We’ll Source, Hire and help Manage them for you so you don’t have to.
Lifetime support, dedicated account manager by your side, every step of the way!
17 Years of
Virtual Staffing
Experience
Trusted by
3,368
SME’s
6,948
Virtual Staff
Hired
We’ll Source, Hire and help Manage them for you so you don’t have to. Lifetime support, dedicated account manager by your side, every step of the way!
17 Years of
Virtual Staffing
Experience
Trusted by
3,368
SME’s
6,948
Virtual Staff
Hired
Bookkeepers manage your financial records by tracking transactions, generating reports, and ensuring accuracy. They are the backbone of your financial management.
With outsourcing, you can ditch the stress of managing financial records while cutting overhead costs. Outsourcing your bookkeeping also means you can focus on growing your business while seasoned experts handle the numbers.
Remote Staff provides AU businesses with qualified bookkeepers for seamless financial management tailored to your needs.
*Booking interviews depend on candidates' availability and interest.
*Please note that hourly rates are linked to the exchange rate and fluctuate slightly from month to month.
Every business needs a reliable bookkeeping system.
This ensures accurate financial records, supports compliance with regulations, aids in budgeting and managing cash flow, and facilitates informed decision-making.
However, many business owners struggle to keep their books in order because they are too busy and find the process too complicated.
Hence, most of them hire a bookkeeper to manage their finances more efficiently.
You can’t improve what you don’t measure.
So, you need to establish accurate financial records for how your business is doing through bookkeeping and good account practices.
Poorly managed financial records can create major risks for a business.
For instance, submitting incorrect tax returns can lead to fines and legal issues, ranging from hundreds to thousands of dollars depending on the gravity of the error.
Moreover, disorganized records can result in bad decisions, cash flow problems, increased risks for fraud, and difficulty securing financing.
You might also miss out on growth opportunities and face operational inefficiencies as a result.
To nip these problems, most business owners hire a bookkeeper to keep them in line.
Before you Google “hire bookkeeper,” what is bookkeeping exactly?
Bookkeeping is the process of documenting all financial transactions. The main tasks include:
A bookkeeper records every transaction, such as sales, purchases, and expenses, which also includes tracking invoices, receipts, and payments.
Bookkeepers categorize recorded transactions under separate accounts like assets, liabilities, income, and expenses to generate a financial statement.
Bookkeepers maintain a ledger, a detailed record of all financial accounts that tracks the flow of money.
Bookkeepers can also reconcile bank statements to account for discrepancies like timing differences and data entry errors.
Why should you hire a bookkeeper when you can do it on your own? Here’s why:
Bookkeepers are well acquainted with generally accepted accounting principles (GAAP) to maintain consistent and accurate financial reporting, identify discrepancies, and implement effective financial controls.
You can also hire bookkeepers to ensure accurate tax filing with the Australian Taxation Office (ATO), thus helping you avoid fines and legal issues.
Their expertise can lead to tax savings and better compliance through eligible deductions, timely filings, and updates on changing tax laws.
When you outsource to a bookkeeper, you can free up time to focus on core business activities, boost productivity, and reduce the stress of managing financial records yourself.
Most business owners don’t have time to study complex accounting and tax laws. Even if they did, applying these concepts themselves wouldn’t be a good use of their time.
Why spend all that time on your books when you could be expanding your customer base and/or product line?
By concentrating on your strengths, you can maximize productivity and efficiency.
Also, outsourcing your bookkeeping ensures accurate financial management, reduces errors, and lets you focus on growing your business and serving clients.
Leave the legwork to the experts and do what you do best.
You might think it’s expensive to hire a bookkeeper, but it’s actually more cost-effective, especially when you outsource.
In Australia, the average salary when hiring an in-house bookkeeper is around AUD 40 – AUD 70 per hour.
With Remote Staff, you can hire an expert bookkeeper with a cost as low as AUD 8 – AUD 18.58 per hour. That’s approximately 88.57% in savings!
Hiring a bookkeeper provides insights into your finances, revealing how your business is actually performing.
These figures can help you identify areas of improvement to streamline operations, reduce unnecessary expenses, and enhance long-term profitability
As you scale your business, bookkeepers can handle keeping an eye on your finances so you can focus on growth.
What should you consider when you’re scaling your business? Hint: it’s not all about how much capital you have.
This involves projecting cash flow, assessing the sustainability of increased demand, finding ways to save costs, and ensuring compliance with regulations.
A bookkeeper has the skill to provide accurate financial records to assess readiness for business expansion, helping you to make informed decisions and strategically plan your next big move.
As your company grows, managing your finances can become more challenging.
For one, ensuring a stable cash flow becomes increasingly complex due to higher transaction volumes and variability.
This involves managing bigger accounts receivable and payable, predicting cash flow accurately despite income and expense changes, and staying liquid enough for growth and daily operations.
By hiring expert bookkeepers, you can manage these challenges to ensure stability and ongoing growth.
Tools like Xero and Quickbooks can streamline financial management tasks, automate processes, and provide real-time insights into business performance.
The right sophisticated bookkeeping tools are a great investment for your business.
Whether you’re using Xero, Quickbooks, Peachtree, or other accounting software, these tools streamline financial processes, reducing the time and effort required for the most tedious parts of these tasks.
These include data entry from digital transactions, bank reconciliations, and generating reports.
This efficiency not only improves productivity but also minimizes errors, ensuring the accuracy of financial records and reports.
Plus, these tools provide real-time insights that allow businesses to react promptly to financial changes, optimize cash flow management, and improve overall planning.
However, many business owners lack the time (and bandwidth) to learn how to use these tools effectively. (Frankly speaking, it’s not a good use of their time either.) That’s why most hire a bookkeeper to do it for them.
So whether you’re using a specific accounting software now or planning to set up one for your business, trained bookkeepers can use them to help automate parts of your accounting process.
In accounting, mistakes are unavoidable due to human limitations and the complexity of tasks.
Moreover, handling your own bookkeeping increases the likelihood of mistakes due to the mental focus it requires, which is hard to sustain with your many existing responsibilities.
Yes, you can use accounting software to minimize this. However, errors can still occur if data entry isn’t done properly or if the software is not configured correctly for your business needs.
So outsourcing a bookkeeper might be the best solution.
Mistakes in your bookkeeping impact the accuracy of your financial statements.
This might seem insignificant, but the wrong figures can derail your decision-making because you won’t have a clear view of your business’s true financial health.
Also, you’ll show these financial statements to investors and lenders later, and they rely on accurate information to evaluate your business’s financial health before they cut deals with you or choose to invest.
A deal can easily go south when they audit your business and discover that you provided inaccurate financial statements.
Lastly, an erroneous financial statement can lead to wrong taxes filed, which, in turn, may lead to hefty fines after auditing.
So, outsourcing a bookkeeper reduces these errors because they specialize in meticulous financial tasks with dedicated attention to detail.
One reason businesses fail is they think they are earning money, but a closer audit reveals overestimated earnings, unaccounted expenses, and hidden losses.
It’s often due to poor accounting systems or, sometimes, fraud by an employee or partner.
Accurate financial records, maintained by a skilled bookkeeper, can prevent these by revealing a business’ true financial health.
They can highlight inflated earnings or unaddressed losses.
Proper accounting systems ensure transparency and accountability, reducing the risk of undetected fraud.
A bookkeeper can offer guidance on budgeting, expense management, and cash flow strategies tailored to your business’s needs.
A bookkeeper interprets financial data to help you make informed decisions, like finding ways to save costs or increase revenue.
They also provide personalized advice on budgeting, cash flow management, and controlling expenses tailored to your financial situation.
A bookkeeper interprets financial data to help you make informed decisions, like finding ways to save costs or increase revenue.
They also provide personalized advice on budgeting, cash flow management, and controlling expenses tailored to your financial situation.
Business conditions are always shifting. You might experience strong revenues at times, but economic factors like fluctuating demand or rising costs can also bring challenges.
Recent events, such as the pandemic and the Russia-Ukraine conflict, illustrate how much external factors can disrupt businesses globally.
So it’s helpful to have a bookkeeper on your team to monitor financial trends and provide guidance during these changes.
Business conditions are always shifting. You might experience strong revenues at times, but economic factors like fluctuating demand or rising costs can also bring challenges.
Recent events, such as the pandemic and the Russia-Ukraine conflict, illustrate how much external factors can disrupt businesses globally.
So it’s helpful to have a bookkeeper on your team to monitor financial trends and provide guidance during these changes.
An online bookkeeper can guide businesses through financial crises or changes, such as new tax laws, by keeping them informed and proactive.
They help businesses understand and comply with new regulations, ensuring accurate financial reporting and minimizing risks of penalties.
Their expertise supports businesses in making informed decisions and navigating challenges effectively to maintain financial stability and resilience.
We don’t know when the next major financial crisis will happen.
So having an expert bookkeeper on hand helps businesses navigate unpredictable economic conditions.
They can provide informed strategies and proactive measures to manage risks and pursue growth opportunities despite the uncertainty.
To sum it all up, an outsourced bookkeeper offers numerous essential benefits for your business success.
Bookkeeping services provide accurate financial management, ensuring compliance with regulations and effective tax filing.
They guide your decision-making by optimizing budgeting and cash flow management.
Additionally, they provide valuable assistance in navigating financial complexities such as new tax laws and financial crises with proactive strategies.
Thus, you can concentrate on your core business activities while benefiting from cost-effective financial management and safeguarding against errors and fraud.
Remote Staff can connect you with a highly-skilled Filipino bookkeeper and accountant who can efficiently manage your financial tasks.
Our strict prequalification process includes thorough candidate screening and a work personality test before we present the final candidates for your selection, ensuring only the best professionals join your team.
Plus, you get after-hire support such as:
A dedicated Client Relations Executive to support you
Attendance monitoring
Computer usage reports;
Australian Tax Invoice;
Handling of Philippine statutory requirements and withholding taxes.
Thus, you don’t need to worry about managing these operational aspects yourself.
So whether you need assistance with day-to-day bookkeeping tasks or strategic financial advice, our bookkeepers are equipped to support your business growth and financial health effectively.
