Question: Why do I need to use your services while my current accountant team is still doing well ?

Answer:

Actually, it is very popular in Vietnam and in all over the world for an enterprise to look for professional accountant teams while its team is still doing well. In terms of outsourcing, it is the maximum cost savings and the high quality of accounting tasks that count, not quality of your current team.

When the cost of outsourcing is less than that of your internal team, you should seek for an external source. This is true in all areas not only in corporate accounting.

Let think of accrued expenses when enterprises have their internal tasks done by internal accountant team. These expenses cover direct payments such as: Salary, social and health insurance, bonus, training costs..etc. The more staff you own, the greater the accrued is.

Besides, you also have to pay for administration expense for your staff: House rent, depreciation, water and electricity. These kinds of expenses are ignored by enterprises when talking about expense per head. For a normal enterprise, this administration expense for a staff is often 3 or 4 times more than his/her real salary.

For example, we have to provide a computer, desk, training, allowance, parental leave... per worker. This means that when an enterprise pays for a staff 3 millions/month, total costs for the staff is about 9-12 millions/month.

With a simple calculation, we can see how big the expenses for an internal accountant team are in a medium and small enterprise. When this reality is uncovered, many directors of medium and small enterprises are so surprised about it.

At first, you may think that costs for hiring professional accountant team are expensive but it is actually less than that for an internal accounting team.