In this globalized world where every nook and corner of the world is attached to a string of internet, opportunities have increased tremendously. People in one part of the world can get their work done from another part of the world within the stipulated period. The northern hemisphere of the world which is considered richer than the southern hemisphere has adopted the technique of offshoring. Whereby they get their work done through cheap labor and a workforce readily available in third-world countries. Hence the cost incurred is less than if the same work is done with the local workforce. Also, the quality of the work done through off-shoring is higher than the same work locally. The major reason is that such a workforce is more pressurized to perform efficiently because otherwise all their efforts can go to waste and they will remain penniless. So they are more responsible towards their work and give their best to get more projects and assignments in the future.
As offshoring is becoming common day by day, fraudulent activities are also surging. So to counter such fraud clients must have the agreement in written form. This not only provides legal protection but also peace of mind. But before thinking of hiring an employee offshore, the most important thing to consider is the credentials of the person being hired. Necessary experience and work records should be checked to make sure that the person under consideration has the potential to do the work. The same precaution goes for an accountant. If an accountant is being looked for offshore then, his qualification must be the priority. Because such sensitive information about the client is going to be disclosed to a person sitting across the sea. This puts pressure on the client to carefully cross-check the qualifications of the person claiming to be an accountant. But this hassle can be reduced if the client in the northern part is hiring an accounting firm in the other part. Because firms are registered and have their bank statements which give necessary evidence to the client for approval of the candidate.
Here is a preview of a Free Sample Offshore Accountant Agreement Template created using MS Word,
Outsourcing of accounting work offshore should be performed with immense care. Because not all works are of the same nature. Accounting information of any company cannot be easily disclosed to any firm or candidate without proper approval of its credentials. While the offshore accountant agreement is taking place, the terms and conditions included in it must be cross-checked according to your requirements. If both parties have good mutual understanding they can settle some terms verbally. The training of offshore accountants can also be included in the written agreement or settled verbally. Training is an important step if the offshore accountant is fresher in this field and has not worked with any international firm before this contract. One of the most important points to consider while drafting an agreement with an offshore accountant is the safety and security of the data being disclosed to him. This term can also be added to the agreement. The penalty that can be imposed in case of breach of the agreed term must also be stated clearly. Moreover, offshore accountants must have good communication sources with the client. Through this, both parties can resolve the issues effectively and efficiently. Such measures can be very effective while drafting and finalizing the offshore accountant agreement.
Here is the download link for this Offshore Accountant Agreement Template,
