Karthik Vasanthakumar ACMA, MBA, BSc’s Post

Outsource vs In-house finance team? 👇 Hiring in-house is time-consuming and costly. Outsourcing is ideal for service-based and tech-savvy businesses built on digital collaboration, looking for financial management and expertise at a fraction of the cost. Smaller businesses/agencies often don’t have the capacity to hire a bookkeeper, credit controller, accountant, FD, and the list goes on. However, there is still a need for the expertise provided by these roles. This is where an outsourced team is a perfect solution. Instead of hiring in-house, save money by relying on our fully digital team. 👩💻 #bookkeepingagency #marketingagency #finance

Does your construction business have a turnover of up to £10m? 🛠️ Consider a virtual finance department instead of a full finance team. To be honest, I’d be surprised if you had a full finance team. It would cost around £300k a year to hire each individual full-time. A virtual finance department provides you with a comprehensive finance team's expertise without the need to hire each role full-time. You get the same skills but with the blend you need (at a much cheaper price). For example, let’s compare the financial controller role: In a full finance team: They're employed full-time, with a full salary. In a virtual finance department: They contribute to about 20% of the specific tasks you need, seamlessly integrated with the virtual team's services. The other thing with hiring a full finance team is ensuring they are all doing the job well. In reality, you don’t even know how to do their job. Interested in hiring a virtual finance department? Get in touch Mayflower Accountancy & Tax. #FinanceDepartment #ConstructionFinance #ConstructionAccountant #Construction

If you have 10,000+ units in your portfolio… You could be wasting 4,000+ hours with your bookkeeping. Most operators with 10,000+ units have 3-5 bookkeepers. For each bookkeeper, you’re looking at: -> 100s of hours spent interviewing, onboarding, and training. -> More time drained on management, reviews, and oversight. -> Other day-to-day company requirements that pull them away. And that means opportunity cost on time that could be better spent: -> Maximizing your properties’ value. -> Growing your portfolio. -> Raising capital. The industry average is 8-13 properties per accountant. So if you have 10,000 units…. With ~250 units per property… And 8-13 properties per accountant… You should have 3-5 bookkeepers, right? Here’s the fun part: At REPAG, each accountant can manage 40-70 properties. So with 10,000 units… And ~250 units per property… And 40-70 properties per accountant… We can get it done with 1. (At 2,000 working hours a year, that's saving you 4,000-8,000 man hours.) And for you? That means…. -> No more time spent recruiting or hiring. -> No more keeping up with infrastructure and equipment. -> No more worries about having to expand your team to take on new properties. It means 100s of hours back. And 20,000+ units on the horizon. 𝙒𝙝𝙖𝙩’𝙨 𝙩𝙝𝙚 𝙗𝙚𝙨𝙩 𝙩𝙞𝙥 𝙮𝙤𝙪 𝙝𝙖𝙫𝙚 𝙛𝙤𝙧 𝙨𝙤𝙢𝙚𝙤𝙣𝙚 𝙩𝙧𝙮𝙞𝙣𝙜 𝙩𝙤 𝙨𝙘𝙖𝙡𝙚 𝙩𝙝𝙚𝙞𝙧 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤?

Intimidated by the thought of hiring a full-time bookkeeper, accountant, CFO, and/or controller? Don't be! For many businesses, some or all of these roles can be part-time or fractional hires. This can allow a business to reap the benefits of the expertise of financial professionals, without the longer-term commitment and full-time paychecks. To learn which role is best for you and if a fractional hire is a good fit, click here ➡️ https://bit.ly/3ZOkHo3 #BusinessFinance #NewEconomyCPA #AccountingServices #BusinessOwner #FinancialModel #FinancialData #CashForecasting

Two great Questions for Senior Accountant applicants Looking for a rockstar Senior Accountant? Two key questions can help you assess problem-solving, adaptability, and dedication beyond the resume. 1. Describe your most complex journal entry. This goes beyond technical knowledge. Dive into their ability to handle diverse situations, navigate intricate systems, and adapt to different business entities. Plus, understand how often they encounter such challenges, revealing their comfort with complexity. 2. Break down your weekly workload and its transformation during month-end close. Resumes often lack the "how" behind listed duties. This question unlocks their time management skills and reveals how they prioritize tasks. During month-end, expect their focus to shift towards accuracy and analysis, so understanding their approach paints a clearer picture. Be careful not to only look for people who spend high amounts of time in the areas you require now, they are probably looking for growth/change. You might instead focus on those who overcome challenges and want to learn- who happen to have the skills you need now for a smooth on-boarding. Bonus Tip: Encourage them to share specific metrics or achievements related to their workload breakdown. By asking these insightful questions, you'll hire a Senior Accountant who thrive under pressure, solve problems creatively, and prioritize accuracy – key ingredients for a successful team! What other interview questions have helped you uncover top talent in the accounting field? If posts like this are helpful to you please connect with me - have a great day- accountingsearch.net

So you’ve decided it’s time to bring on help for your accounting and finance. Where do you begin? There are two more things to consider before putting out a job posting. 1.      Which position should be hired first, or next? 2.      Do you want to hire an employee, or outsource the role? I believe the order of hiring should be 1. Bookkeeper. 2. Controller/CFO 3. Additional support staff, dependent on where the help is needed  Why? Because the bookkeeper handles the base transactions that builds the foundation of the business. It's important that this is done right to be able to do the next level analysis. After there’s a bookkeeper on staff, then I recommend hiring a Controller or CFO to handle the analysis that will really help your business grow. After that, what are the business goals? Is your business struggling with having Accounts Receivable and Accounts Payable processed in a timely manner? Then an Accounting Clerk or AR/AP specialist would be next on my list. Needing more assistance in managing inventory and all the transactions that go with that? Then an Inventory Clerk would be next. Then there’s the other big decision – to hire an someone in-house as a direct employee, or outsource the function? This is a decision that will be more personal to each business. Some of the pros and cons are: - Direct employees allow direct control and oversight of the finance function. - In-house roles can be tailored to your business's unique needs and culture - Having an direct employee can lead to opportunities for closer collaboration and integration with other departments - Outsourcing the function can be a Cost-effective alternative, especially for small to medium-sized businesses - Hiring fractional personnel can give more access to specialized expertise and resources - Outsourcing can grant flexibility to scale services up or down based on business needs Ultimately, the decision to hire in-house or outsource depends on your business's unique circumstances, budget, and strategic objectives. Need help navigating these decisions? Let's chat about the best approach for your business's financial needs! #FinanceDecisions #InHouseVsOutsourcing #BusinessGrowth

Before you hire an internal accountant for your construction business. Stop to think “How am I going to manage them if I don’t know how the h*ll to do their job?!” Even though you know what you want them to do. How are you ever going to know if it’s being done right? I see so many businesses being held back by their finance department instead of being pushed forward. Unless, of course, you hit the jackpot and hire a superstar! (Hint, hint) Experienced professionals at virtual finance teams, such as Cloud Accountancy, ensure the success of your finance department. Did I mention the costs you save yourself from paying if you hire a virtual finance team? Sick pay, holiday pay, national insurance, pensions and equipment, to name a few… Instead of hiring someone internally and constantly guessing about the standard of their work. Hire a team of experts who will help your business grow. 📞 Call me on 01617 985789 🔗 Book a meeting at https://lnkd.in/e-egznEE 💻 Or visit my website at www.cloudaccountancyuk.com  #Accountant #Construction #ConstructionBusiness #ConstructionAccountant

#hiring Controller, Boston, United States, $150K, fulltime #jobs #jobseekers #careers $150K #Bostonjobs #Massachusettsjobs #Accounting Apply: https://lnkd.in/g75J5U57 CompanyA worldwide leader in endurance sports, Spartan is a high-growth, international organization that owns and operates mass-participation athletic events under the brands Spartan, Tough Mudder, Spartan Trail, Hurricane Heat, and DEKA, and offers numerous related fitness, health and nutrition services and products. We create transformational experiences, products, and content to help people, companies and teams tear down boundaries and expand what they believe to be possible. Together with its many subsidiaries and licensees, Spartan combines large scale global events with a vibrant digital content and community platform. With 250 events across more than 40 countries on six continents, Spartan is the worlds leading extreme wellness and endurance brand.Essential Duties/Responsibilities:Guides financial decisions by establishing, monitoring, and enforcing policies and procedures.Develop sound and efficient accounting controls and processes for all accounting areas.Oversees AP, AR, month-end close and payroll.Protects assets by establishing, monitoring, and enforcing internal controls.Monitors and confirms financial condition by conducting audits and providing information to external auditors.Achieves budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.Provides status of financial condition by collecting, interpreting, and reporting financial data.Prepares special reports by collecting, analyzing, and summarizing information and trends.Complies with federal, state, and local legal requirements by studying existing and new legislation, anticipating future legislation, enforcing adherence to requirements, filing financial reports, and advising management on needed actions.Ensures that all sales & use tax filings are completed timely and paid.Ensures operation of equipment by establishing preventive maintenance requirements and service contracts, maintaining equipment inventories, and evaluating new equipment and techniques.Completes operational requirements by scheduling and assigning employees; following up on work results.Maintains financial staff by recruiting, selecting, orienting, and training employees.Maintains financial staff job results by coaching, counseling, and disciplining employees; planning, monitoring, and appraising job results.Protects operations by keeping financial information and plans confidential.Reviews and approves bi-weekly payroll.Reviews and approves employee expense reports.Other duties as assigned.QualificationsDeveloping and managing processesNetSuite experience preferredexperience preferredDeveloping standardsAuditing, accounting, and corporate financeSales & Use tax experience preferredTracking budget expensesFinancial skillsAnalyzing informationPerfor

🌟 **Unlock New Opportunities with Contract and Contract-to-Hire Roles in Accounting and Finance!** 🌟 In today's dynamic job market, flexibility and adaptability are key. If you're navigating your career path in Accounting and Finance, consider the unique benefits of contract and contract-to-hire positions. Here's why these roles can be a game-changer for you: 🔍 **Explore Diverse Industries**: Gain experience across different sectors, from tech startups to large corporations. Each contract offers a new environment, broadening your expertise and enhancing your resume. 📈 **Accelerate Skill Development**: Contract roles often come with specific project-based responsibilities, allowing you to sharpen your skills quickly. You'll tackle a variety of tasks, making you a versatile and highly adaptable professional. 🤝 **Expand Your Network**: Working with multiple companies means connecting with a wide range of professionals. These relationships can open doors to future opportunities and valuable industry insights. 💼 **Path to Permanent Employment**: Many contract-to-hire positions are designed as a trial period. Impress your employer during the contract, and you might secure a permanent role. It's a great way to ensure the company culture and job duties are a perfect fit. Ready to take the plunge? Embrace the flexibility, growth, and opportunities that contract and contract-to-hire roles in Accounting and Finance have to offer. Hit the link below, and who knows? Your next career milestone could be just a contract away! #JobSearch #Accounting #Finance #CareerGrowth #ContractWork #ContractToHire #ProfessionalDevelopment #CareerOpportunities

Did you know one of our Specialty Hiring Areas is Accounting & Finance? There are so many awesome jobs, from bookkeeping and payroll, to staff accountants and financial analysts. DM us to learn more about this exciting field and #GetMoore out of your career today!