The finance and accounting outsourcing industry in the Philippines is growing rapidly. The reason is simple: there is an abundance of finance and accounting talent in the Philippines and all F&A professionals are fluent in English and trained in international accounting standards. This enables them to tackle a wide variety of financial processes like payroll processing, bookkeeping, bank reconciliation, financial reporting, tax compliance, and audit services for overseas clients. The finance and accounting industry is rapidly growing and we are seeing an increasing number of large multinationals who are setting up a shared service center in the Philippines to handle their accounting, HR, and other back office processes.
MicroSourcing has an excellent finance department that takes care of our bookkeeping but also assists our clients in setting up their offshore finance and accounting team. In 2006, we started providing bookkeepers for our first F&A client and we are currently setting up a large financial services account. We also provide accountants and finance managers for a number of smaller companies and start-ups.
MicroSourcing started taking on finance and accounting clients in 2006:
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