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Australian CPA are increasingly outsourcing back office work to the Philippines. Both top tier accounting companies and sole practitioners have been using the expertise of BMG Outsourcing since 2012, benefiting from the cost savings, process improvement, quicker turnaround and reduced stress meeting deadlines

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BMG Accounting Team

BMG Outsourcing comprises of a team of qualified dedicated Accountants in both Philippines and Australia that can assist you with your strategy and implementation. We can advise on your International Tax obligations, streamline your set up, systemise your business processes and oversee your corporation. BMG Outsourcing will manage your recruit’s payroll, attendance and evaluations and provide a friendly productive workplace for your team .

PROBLEMS FACING THE
ACCOUNTING INDUSTRY

In the current economic climate, accountants are suffering from consumer and corporate caution, ever changing legislations, high labour costs and shortage of good labour.

  • Lack of locally skilled accounting staff
  • High turnover of staff affecting productivity
  • High wage costs decreasing your margins
  • Cloud Computing commoditising bookkeeping
  • Global marketplace creating strong competition
  • Local focus switching to “value add services”
  • Your competition are outsourcing back office
  • Ongoing training to comply with new systems

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JOHN BEALE CA
FOUNDER, BMG OUTSOURCING

“Most accountants we work with begin by sending low-level work to BMG Outsourcing, to free up their time to focus on important value-added services for their clients. BMG source talented accountants so you can have your own qualified team of Chartered Accountants and bookkeepers – that works solely for you. We set them up to have access to your server, software and cloud storage. Cost Savings are immense. In Australia you’d struggle to find a recruitment agency to recruit for less than $5000. With BMG O it costs less than $700. The lower cost of labour means we can employ between three to  five qualified CPAs in Clark for the cost of one qualified CA-CPA in Australia. It is a compelling argument for setting up overseas, but takes experience to manage properly. Our competent team of Accountants are now assisting accountancy firms worldwide. Most begin by outsourcing low-level work - and within a short time we share our processes to expand into higher level work that form part of overall service delivery. Once controversial, outsourcing is now just part of business life and is undoubtably here to stay. To get the most value from outsourcing we take a collaborative approach through our smart processes “THINK GLOBAL TEAM” .”

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BDO’s Service 2020 report, based on the responses of more than 500 business leaders around the globe, found that more than 46 per cent in the Asia-Pacific region plan to outsource in the next decade, up from just 14 per cent today. And of those that say they will outsource, about 40 per cent plan to go offshore. Other figures confirm the popularity of outsourcing, especially in professional services firms.

HOW WE WORK

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  • You define your goals and mission for your business.
  • Engage our Serviced Office and Recruitment Services
  • We appoint your BMG Philippines Team manager
  • We set up access to your servers, file storage and cloud systems
  • Establish security controls are in place
  • You coordinate tasks using your Work Flow Management system
  • Recruit accesses client data, updates work papers and completes work
  • Recruit sends to you for quality assurance and feedback
  • Process revisions - if required
  • You present final reports to client
BMG Recruitment Process
BMG Serviced Office Process

Contracts and Agreements

Suggested Inclusions
Responsibilities
Legal Requirements
Operation hours
Confidentiality
Specific Resources
Required Personnel
Equipment
Network
Capacity
Data management
Security
Disaster Recovery
Risk Management
Insurance
Communication
Expectations
KPI’s
Exit clause

BMG Consultancy services

Pre commencement
Required outcomes
Transition management
Process review and documentation
Organisation Chart

Competency Evaluations
Relationship
Delivery
Transformation

Change Management
Communication
Threats to local workers

Serviced Office Requirements

ID card
Payroll
Registrations
Computer acquisition
Accessories
Internet Access
Software purchase
Incidentals
Workstation
Biometric security
Emails
Security

  • Process
  • Physical
  • Network
  • Employee

Server
Network
Communication
Software
File Storage
Disposal of sensitive info

Job Description and
Recruitment Process

Hours of service
Skills required
Job Function
Advertising
Interviews
Examinations
Shortlist
Reference Checks
Security Checks
Salary
Allowances
Employment agreements
Probation period
Bank funds transfer
Payments to authorities
Employee Handbook

Group
Training offered

BMG Policies
Employee Handbook
Code of Conduct
BMG Intranet
BMG Knowledge Base
Xero Certification
Work Flow Max Cert.
Tax updates
SMSF
Cultural Awareness
Budget updates
Software systems
Bookkeeping
Project Management
File Storage
“Think Global Team”

Staff monitoring and
Evaluation

Induction Training
Quarterly reporting
Attendance monitoring
Reports of Agreed KPI’s
Conflict Resolution
Complaints handling
Reporting incidents
Disciplinary action
Performance Reviews
Job Satisfaction review
Attitude,
Collaboration
Misconduct

Team Celebrations and Excursions

Birthdays
End of Financial Year
Christmas Party
Monthly gathering
Weekend Away

TASKS THAT CAN BE EASILY OUTSOURCED

  • Accounts Payable
  • Debtors / Outstanding accounts
  • Accounts Receivable
  • Payroll Processing
  • Bank Reconciliations
  • Corporate secretarial
  • ATO correspondence
  • New entity set-ups
  • Tax lodgements
  • ASIC management
  • Bookkeeping
  • SMSF
  • Personal tax returns
  • Budgets & forecasts
  • Business tax returns
  • International Tax
  • Xero
  • WorkflowMax
  • MYOB
  • Quickbooks
  • Excel
  • Setup Ledgers
  • Reconcile ledgers
  • Client service management
  • Database management
  • Prospect Managements
  • Online Marketing
  • Executive assistant

Our maturity, knowledge of the cultural diversities, Australian tax and corporate laws and efficient management team - is our assurance to you that compliance partnering with BMG will be a smooth and well managed relationship.

Contact Us Now

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