Accounts Offshoring
Samera provides a high-quality and efficient accounts offshoring solution to clients across Europe and the UK.
Even the smallest accountancy firm based in the UK or USA can hire someone thousands of miles away to prepare a tax return. Rather than struggle and hire someone costly who may not meet your expectations, increasing numbers of accountancy firms are looking at alternative providers overseas like Samera Global, our offshoring firm, to support their firms.
What Does Offshoring Accounts Mean?
Offshoring with us is not the same as outsourcing. You are not handing your work off to someone else to do. You are building an extension of your own team.
When you offshore your accounting work with Samera, you are creating a team that works only for you, that aligns with your vision and that works to ease the burden and allow you to focus on growth, your business and your clients.
Here’s how offshoring works:
- We have the talent: We partner with experienced accountants in a secure, global network. These professionals are qualified in bookkeeping, payroll, tax preparation, and more.
- You remain in control: Your data stays secure, and you have 24/7 access to a dedicated team member who understands your unique needs.
- Seamless communication: We ensure clear and efficient communication, eliminating time zone barriers.
- Cost-effective solution: By tapping into our global network, you benefit from competitive rates, freeing up resources to focus on growth and freeing up time to focus on your business.
Why Would I Offshore
my Accounts?
There is a lack of accountants in the West at the moment. For a number of reasons, fewer and fewer people are going into accountancy.
This means it has become harder and harder to find, train and retain staff. This isn’t just true for small to medium businesses. Accountants themselves are finding it hard to build the right team to do their client’s and their own accounts.
Processing accounts, managing finances and filing taxes involves more and more legwork.
Offshoring solves this problem by tapping into a global network of accountants and building the right team without having to go through a lengthy and expensive recruitment process.
What are the benefits of Offshoring?
Whether you’re an accountant yourself or a business owner looking for an accountant, managing finances is a time-consuming task.
By offshoring your accountancy work, you put the work in the hand of seasoned professionals who can shoulder the burden.
By not having to worry about crossing the t’s and dotting the i’s, you free up time and money to focus on what matters most – your business and your clients.
Cost Savings
Tap into a network of qualified accountants with competitive rates, freeing up your budget for strategic investments and growth initiatives. Check out how much you could save with us here.
Scalability
Easily scale your accounting team up or down as your business needs fluctuate. No need to worry about hiring, training, or office space for additional staff – your team grows as you grow.
Access to a Global Talent Pool
Tap into our wide range of qualified accountants with diverse skill sets, expertise and experience. Find the perfect fit for your specific needs, regardless of where you are or what industry you’re in.
Focus on Your Core Business
We use secure, cloud-based technology to collaborate seamlessly with your existing team. Enjoy real-time access to financial data and streamlined communication, regardless of time zones.
24/7 Availability
Get the peace of mind that comes with a dedicated team working around the clock to meet your deadlines and ensure your financial tasks are never neglected.
Enhanced Efficiency
Free yourself and your in-house staff from tedious financial tasks. Focus your energy on what you do best – finding new clients, growing your business and freeing up more ‘you’ time!
How does Samera help Accountants Offshore?
We are the accountant’s accountant.
We are not an outsourcing business and we are not an agency. We help you build your perfect accounting team by bringing together the best accountants and tax experts to work solely for you.
With our 30 odd years of experience as accountants ourselves, we know exactly what you’re looking for.
The team you build will work for you, they will work to your existing SOP’s and they will handle any accounting task you can throw at them.
Other offshoring companies offer ready-made, cookie cutter teams. we provide tailored, bespoke solutions.
All you need to do is let us know what you’re looking for and what problems you need to solve.
We then use our network to help you create the ideal team of experts to work with you.
With our help, you can free up time, save money and focus on what matters most to you.
Services you can offshore or outsource to us:
Accounts Payable Management
Efficient handling of vendor invoices, payments, and reconciliation processes.
Accounts Receivable Management
Timely invoicing, credit control, and cash application services to optimize cash flow.
Financial Reporting
Preparation of accurate financial statements, analysis, and reporting in compliance with regulatory requirements.
Budgeting and Forecasting
Strategic planning support through budget creation, forecasting, and variance analysis.
Tax Compliance
Ensuring adherence to tax regulations, timely filings, and minimizing tax liabilities.
Payroll Processing
Accurate and timely payroll processing, including tax calculations and statutory compliance.
If your business needs help with processing or managing accounts, finance or tax, we will bring together an expert team that works solely for you.
We can build the perfect team tailored to align with your vision and solve your accounting needs .
We provide solutions to both accountancy firms and businesses across all industries and regions, ensuring you have a strong, well-trained team that works for you.
How We Work
Our process involves 4 easy steps. From consultation to ongoing training and growth:
Our process. Simple, seamless, streamlined.
STEP 1
Understanding Your Business
- We meet with you and your team to grasp your business.
- We draft a proposal.
- You approve, and we kick off.
STEP 2
Finding the Right Talent
- Recruitment commences.
- We present shortlisted candidates.
- You conduct interviews.
- You select the best fit.
- We extend the offer and finalize the process.
- We conduce security checks including background and identity verification and reference checks among others.
STEP 3
Training Your New Team
- We facilitate a seamless onboarding process.
- Provide technical training.
- Offer guidance to maximize productivity.
STEP 4
Ongoing Support
- As you settle in, we maintain regular check-ins.
- Your dedicated Account Manager provides continuous support.
- Your offshore team grows alongside your business.
Build Your Ideal Accounting Team
Once we understand your situation and needs, we will use our extensive talent pool to build a team of accountants who work for you and align with your goals.
From tax accountants to bookkeepers and everything in between, there’s no accounting problem our talent pool can’t solve.
Your team will:
- Be trained to a high standard to tackle exactly what you need them for.
- Be an extension of your own business.
- Work solely for you.
- Work to your existing SOP’s.
- Grow as your business grows.
Bookkeeper
Experience
5 years
- Recording Financial Transactions
- Maintaining General Ledger
- Bank Reconciliation
- Accounts Payable and Receivable
- Payroll Processing
- Financial Reporting
- Compliance
Year-End Accountant
Experience
4 years
- Financial Data Processing
- Reviewing Financial Records
- Preparing Financial Statements
- Audit Preparation
- Tax Compliance
- Process Improvement
- Training and Development
Management Accountant
Experience
7 years
- Financial Data Processing
- Accounts Payable and Receivable
- Expense Management
- Payroll Processing
- Financial Reporting
- Variance Analysis
- Budgeting and Forecasting
- Compliance and Audit Support
Tax Accountant
Experience
4 years
- Prepare and review tax returns
- Collaborate with clients
- Ensure compliance with UK tax laws and regulations
- Assist with tax planning strategies
- Prepare and submit tax filings
Payroll Accountant
Experience
4 years
- SSP (Statutory Sick Pay)
- SMP
- Pension Deductions
- Attachment of Earnings
- Starters/Leavers
- PAYE End of Year Procedures
- Input and Submit Pension Data
- Dealing with Tax Year End Submissions
- P60 Issuance
- RTI Submissions
Accounts Assistant
Experience
3 years
- General administration activities
- Requesting information from clients
- AML and KYC processing
- HMRC administration
- File and folder organisation
Once your team is online and working for you, the structure will look like this:
Why Choose Samera?
We are accountants trying to make life easier for the world’s accountants.
We’ve been in the UK’s accounting sector for nearly 30 years.
We understand the complexities of compliance, the intricacies of each industry and the importance of an expert accounting team.
We tried offshoring and outsourcing ourselves and it didn’t work. We knew we could do it better because we knew exactly what accountants really wanted.
We prioritise
In everything we do, we prioritise:
- Expertise: Our team comprises seasoned professionals with extensive experience in finance and accounting.
- Cost Efficiency: Outsourcing finance functions can significantly reduce overhead costs and improve profitability.
- Scalability: We offer scalable solutions to adapt to your business growth and changing needs.
- Compliance: Strict adherence to regulatory requirements ensures legal compliance and risk mitigation.
With our help, you’ll build an expert, cost-effective team that grows as you grow and ensures your work is completed to the highest level.
Accountants don’t want to outsource their work. What they really want is the right team for their work.
That’s what we do. We help accountants build the perfect team that works solely for them. A team which aligns with their vision and helps realise their goals.
All you need to do is let us know what problems you are facing and we will find the perfect solution.
Testimonials
Case Studies
Small UK Accountancy Firm.
The Problem
This UK small accountancy firm had been using offshore team members for a number of years, mainly using team members from the Philippines.
However, the owner of the firm was finding that the offshore staff’s quality of work was dropping, and the offshore firm was finding it difficult to find new team members to join offshore to help the small UK accountancy firm.
The owner had been very patient and explored other offshore firms in the Philippines but everyone that joined only stayed for a couple of weeks, which had a very negative impact on his firm and its clients.
The Solution
At the end of his tether, the client approached Samera Global, and we listened to his concerns.
Initially sceptical, considering his experience with offshoring, he gave us a chance to find him suitable team members.
Through initially understanding the roles he required for his firm, we then devised specific job descriptions for the roles required.
Then through our HR team based in India, we set about the process of finding suitable candidates. Numerous interviews were carried out with candidates, language tests, and accounting tests were also carried out until the field was narrowed down to a few select candidates.
The client then interviewed each candidate, putting them through a series of assessments.
Once he had assessed each candidate he then decided to take-on board 4 candidates. One team manager, one bookkeeper, one year-end accountant and one tax accountant.
The Result
The impact of getting the offshore right team members in place has been significant for this UK firm. It has freed the owner up from the day-to-day issues of all the compliance work, and allowed him to focus on building the firm, getting new clients and building relationships with existing clients, knowing that much of the core compliance work is being taken care of by the Samera Global offshore team.
UK Accountancy Firm needing an experienced team quickly to win a large and highly profitable piece of business.
The Problem
This UK accountancy had recently won a new large piece of business, doing the book-keeping and accounts payable side of things for a £ 15 million turnover company.
The company had grown fast, and had implemented Xero, but when the accounting firm got involved it was evident that things had been implemented very poorly and with no clear structure.
Despite winning the business, the accountancy firm needed an army of experienced Xero bookkeepers to get things in shape as quickly as possible.
The accounting firm had drafted a standard set of procedures but they were struggling to find bookkeepers to help with all the backlog and then ensuring the monthly accounts going forward are done correctly.
The Solution
The accounting firm approached Samera Global with the remit of needing a team of experienced bookkeepers to get things moving swiftly.
A clear job description detailing experience was drafted with the accounting firm, and then Samera Global set about doing what they do best – finding the best talent available for the role.
Looking internally within Samera Global and also externally, a team of bookkeepers was identified, interviewed by the client and the accountancy firm, and started swiftly on the job at hand.
The Result
A happy business, and a very happy accounting firm, as it proved to be the largest and most profitable piece of business they had won. Without the assistance of the Samera Global team, they would not have been able to deliver this standard of work to help them grow their firm.
UK firm struggling to hire suitable UK team members.
The Problem
For several years this accountancy firm had been struggling with hiring suitable UK team members, a series of departures and some bad luck, this firm was great at winning new business but was struggling to retain suitable team members.
After some consideration, they thought about offshoring much of the client work, whilst the senior team would focus on the business getting new clients – something they enjoyed and were good at.
The firm had identified they needed a core compliance team that they could build a relationship with that would be able to do most of the day-to-day compliance work.
The Solution
The firm had approached various outsourcing and offshoring firms, and felt that having a dedicated offshore team that would work their UK hours was probably the best solution for them.
They had a requirement for 2 team managers, 2 tax accountants, 2 year-end accountants and 4 bookkeepers.
Samera Global defined clear job descriptions for each role, agreed these with the client and set about their recruitment process.
Over a period of 4 months the whole team was hired, on-boarded and commenced working for the accountancy firm, Each person doing the role they were required to do.
The Result
The result has been phenomenal.
By having a stable team, this has allowed the senior management to focus on their growth strategy of getting new quality clients, which have grown very well.
A stable team, coupled with quality clients, has increased the profitability of the firm by over 60%.
They will be coming back for new team members as they grow their client base, another great result all around.
Try Our Offshore Calculator
See how much your business could save by using Samera.
Outsourcing Accounts FAQ’s
Do you have further questions about outsourcing your accounts?
If you want to ask any questions, please send us a message via our contact form.
Why should I choose Samera over any of your competitors?
Our outsourced accounts offering is unique in the industry, as we have qualified accountants in the UK and India supporting all our outsourcing client needs. Using expert accountants in both continents will ensure the quality of delivery and communication will be of the highest standard.
We have been at the cutting edge of digital and automated accounts for decades. Our process ensures you and your clients’ finances are recorded, processed and managed efficiently and effectively.
Click here to find out more about why you should choose Samera.
How would my practice begin working with you?
Initially, we have a fact-finding meeting before we commence any work. This is vital for us to understand your business or practice, so we can then understand your needs.
We are well versed in mapping out workflows, which will then become the foundation of our outsourcing relationship.
Once we have agreed on the full scope of the work involved we will then propose suitable team members and also technology requirements before we commence any work.
We are a small start-up accounting firm. Will you work with us?
Yes, absolutely. We work with accounting firms of all sizes across the UK and Europe. In fact, many firms have started small with us and grown on to become large, well-established practices. Our friendly UK and India team are available to help firms of all sizes.
We are an accounting practice. How can we trust that you will not take clients away from us?
Our goal is to support you with your accountancy needs – period. As a firm of Chartered Accountants based in the UK, we know all the issues you are facing to run an efficient profitable firm.
Trust is at the heart of what we do, so it is firm-wide policy to support our fellow clients, including accountancy firms. This means we will not approach any of your clients to take on their business.
This is our standard operating procedure. Additionally, our agreement covers all areas of mutual non-competition, non-solicitation and non-disclosure. So, you can trust us 100%.
What is your data security guarantee?
We are fully compliant to GDPR data protection regulations and we are an information commissioner’s office (ICO) registered UK organisation.
We comply with all the latest regulations in managing data and can assure you we have strict controls in place to ensure all your data is protected.
All data remains in the UK, on UK servers.
We are a UK Limited company. We want full-service accounting and to act as our representative for any enquiries. Can you do that?
Absolutely, we can work with you as long as you are not a client of an accounting firm whom we work with.
Our team can manage your bookkeeping, prepare and file your VAT returns, produce monthly management reports, and prepare your yearend accounts. We are registered agents with HMRC and so we can also file your accounts online, as well as manage enquiries from HMRC and Companies house on your behalf. Our expert will fulfill all the necessary statutory requirements for you acting as your accountants.
How competent and qualified are your accounting staff?
All our Indian accountants have several years of accounting experience and are formally qualified at university. They have worked on UK accounting projects for many years. All the new staff are trained for UK accounting rules and regulations by UK-qualified accountants and all work will be fully reviewed by UK-qualified accountants before it reaches you. Our UK accountants are accredited by the ICAEW, ACCA and CIMA.
What are your service terms? What is our commitment to outsourcing engagement?
We work on a monthly basis with all clients and allocate a dedicated staff member for your business needs. We do not offer an hourly-based service. This is because our team needs to work in a fully-integrated manner with your team to offer a seamless process.
Please note that we have a 3-month notice period for all engagements.
Why large companies should choose us.
If you represent a larger corporate, and you want a professional, trustworthy accounts outsourcing firm, do not hesitate to contact us. In addition, we bring in state-of-the-art technology expertise such as robotic process automation, machine learning and artificial intelligence.
You can find out more about why accountants should think about outsourcing their accounts here.
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