Are you considering offshoring for your accounting practice? Building your accounting team might be challenging because you need to identify potential employees with the best accounting knowledge and qualifications.You can hire highly-qualified accounting team members using offshoring. By using an offshore team, you can lower expansion risks and costs.These are the three points to think about before exporting your accounting process to the Philippines, if this has piqued your interest and you are now considering it:Cultural perspective and differencesBusiness owners rarely consider cultural variations while offshoring accounting to another nations. Filipinos have adapted to Western culture partly because English is…

Offshoring is very appealing if you're searching for ways to reduce costs, increase efficiency, and concentrate more on your core business.  However, not all countries are the same and it is important to choose the right one for your offshoring needs. Although cost reductions are important, successful offshoring requires much more than a focus on the lowest cost. In fact, choosing the cheapest can be a very costly mistake.  Other factors must be considered, such as culture, work ethics, the state of the economy, government support, fluency in English and the educational levels of the team members.The Philippines continues to perform…