Hire Offshore Accountants in The Philippines (2025)
Looking to hire offshore accountants in the Philippines? This guide covers everything you need to know, including why so many accounting firms are outsourcing to the Philippines, what roles you can fill, and how to find qualified talent. You'll discover the cost benefits, time zone advantages, and the skills Filipino professionals bring to the table. Whether you're scaling your team or just starting with outsourcing, this blog helps you make smart, confident decisions for your firm’s growth.
Thinking about hiring accountants from the Philippines in 2025? You’re not alone. Businesses are cutting accounting costs by 70% compared to US rates, which explains why the Philippines ranks #3 worldwide for outsourcing according to recent Tholons Global Innovation Index findings. Each year, Philippine universities produce 175,000 accounting graduates, and nearly 92% speak fluent English.
What really sets Filipino accountants apart, though, is their solid grasp of US GAAP, IFRS standards, and tax codes, plus their natural fit with Western work environments. When you combine these savings with their qualifications and cultural similarities, it’s easy to see why so many companies are moving their accounting operations to the Philippines.
Many firms have adopted offshore accounting teams because of their ease of use, cost efficiency, and greater operational effectiveness. As remote work has become mainstream and convenient software that allows for asynchronous communication has emerged, it has become much more straightforward to form and manage an offshore accounting department.
Setting your goals and needs for your offshore accounting team will assist significantly during the recruitment process. Having tangible goals will allow you to identify the specific skills that you need in each position. Consider budget, time zone compatibility, and cultural fit when setting your goals.
Seek offshore accounting providers that match your extensive due diligence. Check their past client reviews to understand the prospect’s experience and reputation in the industry. Recruiting firms can help with this. Companies specializing in recruiting remote employees give access to highly qualified candidates simply without going through the lengthy and tiresome process of sourcing and screening them.
After shortlisting candidates, accounting professionals should be highly vetted. Check their proficiency in English and other specific accounting skills you may require for your firm.
When you select your team members, for optimum productivity and operational flow, assign clear roles and responsibilities that every member must adhere to to avoid ambiguity. As a result, setting performance targets becomes more manageable while fostering accountability becomes effortless within your offshore accounting team.
Similarly, when selecting your offshore accounting partners, their roles and responsibilities must be aligned and defined before onboarding your new team. Provide them with adequate training materials and other resources so that they can perform their assigned functions competently.
Effective communication is crucial for the success of an offshore accounting team. Therefore, schedule regular check-ins and set up sufficient communication mechanisms, such as video calls and project management systems, to ensure everyone is on the same page.
To understand the broader strategy, benefits, and cost factors involved in delegating accounting operations globally, read our complete guide on outsourced accounting for CPA firms.
Working accountants from the Philippines function as offshored employees who work independently as part of your team and adapt to your work procedures and internal workflows. This approach improves teamwork, increases communication, and instills a strong sense of ownership, enabling better coordination and efficiency within the company.
The Philippines has many professionally prepared accountants because of its drive to promote accounting and finance literacy in the education sector, which has led to an influx of graduates.
The rest of the world celebrated the centenary of the accounting profession in March 2023, and Philippines suppliers are set to benefit from the industry’s boom. Companies can use a workforce with robust accounting knowledge by outsourcing accounting work to the Philippines.
This talent served as a silver bullet during the capacity constraints stemming from a meager talent pipeline, rising demand for accounting skill sets, pressure on current employees, and a mass migration of staff of retirement age.
Offshore accounting in the Philippines is much cheaper than in Australia or New Zealand. This is primarily due to differences in wages and the cost of living. It is easy to see why the Philippines offers more than 70 percent savings in offshore accounting services.
Global offshoring and accounting functions have found an international center in the Philippines. The government is conscious of the economic gains from the sector, which is why numerous incentives and even infrastructure development are meant to grow the industry.
Moreover, the government has enacted policies to ensure the safekeeping and protection of the data, as well as intellectual property and international compliance as stipulated in the Data Privacy Act 2012, thereby securing the confidence of companies that outsource their accounting to the Philippines.
Rulon Olsen, Chief Management Consultant, KOHLER & EYER CPAS, LLP
★★★★☆“We were stunned. Our new team member from the Philippines sounded like he was from Florida — no language barrier, just results. While our two U.S.-based staff were collecting $11,000 a week combined, he alone was bringing in $30,000 to $40,000 weekly. We even talked about giving him a bonus if he hit $100K. The performance was that good.”
Dealing with an offshore accounting unit is a delicate process that requires extensive planning and communication. However, improving remote accountants’ onboarding into your firm processes will increase productivity, accuracy, and collaboration. Using strategies built for remote teams does not pose a challenge regarding time zones and culture.
Outline each team member’s roles, responsibilities, and performance expectations. In addition, define specific, measurable, achievable, relevant, and time-bound (SMART) goals that articulate their objectives and how their output helps achieve the overall firm’s strategy. Continuously review, provide feedback, and amend these goals so that the team stays engaged and aligned.
Utilize project management applications like Trello, Asana, or Monday.com to track tasks, deadlines, and progress. Additionally, it will introduce time-tracking software to monitor productivity and on-time work. These tools allow visibility into the team's workload, allowing for the identification of bottlenecks and effective resource allocation.
Schedule regular meetings and check-ins with remote employees via Slack, Zoom, or Microsoft Teams. Ensure that remote team members can raise their ideas, questions, or challenges over the communication platform without fear of receiving negative feedback. Negative feedback, trust, and the lack of knowledge that many people are the aim of open communication loops, and information is a trustworthy system in which all members are participatory.
Use regular staff training to build your member's skills. Make it a point to have your team participate in programs, webinars, online information resources, and accounting forms that update the specialist to modern accounting innovations and information. Learning on your own hurts one's capabilities and enthusiasm and sets one's team’s morale and motivation.
Encourage team members to celebrate every achievement, big or small, to stimulate an inclusive and positive team culture. Organize virtual team-building exercises to give team members a sense of belonging and ease. Thank your remote team for their efforts and foster an inclusive, respect-driven atmosphere where everyone feels appreciated, whether in-house or overseas. A cohesive team culture leads to enhanced job satisfaction and retention.
The world of accounting firms has become fiercely competitive, making it necessary to stay productive and alert. Offshore accounting enables companies to acquire highly skilled professionals at a fraction of the cost.
Self-employed bookkeepers can oversee daily bookkeeping functions like monitoring income, expenses, and cash flow. They also assist in crafting comprehensive financial reports that enable you to manage your firm's financial position.
Offshore accountants can effectively manage invoices, payments, and collections. Offshore teams use special tools to handle all accounts payable and receivable correctly.
Offshore accountants have the required skills for your country’s taxation regulations and prepare taxes while ensuring compliance. They prepare annual tax returns, complicated tax filings, and deductions that can become hassle-free for firms.
Additionally, offshore teams can handle payroll functions so your employees are paid correctly and on time. This includes calculating net salary and other compensation, such as bonuses, and ensuring compliance with proper tax and local law.
Offshore accountants can help you with your detailed financial goals by creating realistic budgets and other forecasts for expansion. Their in-depth knowledge allows them to analyze valuable financial data and make informed decisions to achieve all firm objectives.
Hiring offshore accountants in the Philippines is very effective and economical for firms looking to manage their financial processes more efficiently. The Philippines retains its position as one of the top outsourcing destinations for accounting services due to its proficient workforce, inexpensive labor, and strong government support concerning data security and compliance.
From bookkeeping services to auditing and tax preparation, the country has a reliable resource pool that guarantees the desired output.
Save up to 70% on accounting costs while gaining access to qualified professionals with US GAAP knowledge and fluent English. The Philippines ranks #3 globally for outsourcing with 175,000 accounting graduates annually, creating an ideal combination of affordability and expertise hiring accountants from Philippines.
Expect $1,000-$2,500 monthly depending on experience level, representing 70% savings versus US rates. Most businesses achieve full ROI within 3-6 months while eliminating expenses for office space, equipment, and benefits hiring accountants from Philippines.
Set clear expectations, use project management tools to track tasks, and schedule regular video calls to maintain communication. Establish overlapping work hours when possible and recognize good performance to build strong working relationships hire offshore accountants Philippines.
When you hire an offshore tax preparer in the Philippines, you save on labor costs while ensuring accurate and timely tax preparation supported by professionals familiar with global tax laws.
To hire offshore accountants in the Philippines, define your firm needs, choose a reputable outsourcing provider, and ensure proper onboarding for smooth integration into your operations.
Shawn Parikh is the CEO and Co-Founder of MYCPE ONE. A Chartered Accountant by qualification, he has over 15 years of experience of being a problem solver for small to mid-size firms and over time he has given consultation to thousands of CPAs, accountants and tax pros. Shawn has always been a big believer and advocate of social enterprises and small accounting firms & businesses. He consults and speaks on several topics ranging from Building Remote Team - Remote Working, Offshore Staffing, strategic planning, Scalability of Accounting Practice, cloud accounting, practice management, LinkedIn marketing, etc.
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