Archive for September, 2020

What to expect when interviewing and onboarding 100% remotely

Thursday, September 24th, 2020

It might seem a bit vague and general, but the reason you might get asked a question like this is because your potential employer wants to get a handle on your management skills. When you’re a remote worker, you’ll have to organize and coordinate projects differently than you would in person, so bear that in mind when you reply to this. Remote teams can be made up of people working different shifts and all around the world so you won’t necessarily be stuck in the 9-to-5 if that’s not your thing.

  • Not a whole lot of job seeking resources here, but following them on Twitter is a really nice way to keep up with postings.
  • And interviews for remote jobs come with their own set of pitfalls.
  • Be sure that you’re familiar with the software they use going into the interview.
  • However, as the pandemic made office work untenable, these companies were forced to revisit their views and create employee work-from-home policiesfor the first time ever.
  • You could phrase it as “comfortable working remotely” or “highly experienced in remote work roles.” Not everyone has these skills and experience so stating it clearly can give you an edge over the competition.
  • From a practical, day-to-day standpoint, employers should also understand that remote workers require efficient ways of communicating, collaborating, and managing their work productively.

Showcasing a track record of success and describe your experience working remotely work skills boosts employment prospects for work-from-home employment opportunities. But, that doesn’t mean you won’t be a productive and successful remote employee. You just have to know what skills companies want for remote jobs and how to point them out to potential employers.

Tell Me About a Time When You Had to Adapt to Change.

The most obvious reason for why people want to work remotely is because it offers them a more flexible lifestyle. When they aren’t required to be in an office during a set time frame, remote employees can focus on the things that matter to them outside of the office. Another scenario could be a remote employee who wants to attain further education in their field. Some remote workers take full advantage of the opportunities that a remote working lifestyle gives them. On top of being able to set their schedules so that they are able to work whenever they are most productive or creative, some remote employees decide to leave their traditional routines behind and hit the road.

This is a fear of remote employees and their employers alike. Employees value working remotely because it gives them the freedom to make their own schedule – not because it allows their schedule to be 24/7. Employers don’t want remote employees to work nonstop either, for fear that they’ll burn out and lose their passion for their position. It’s important in the beginning of a remote work agreement to work out which hours an employee should expect to be available and which times of day are more open for flexibility.

How to Find a Remote Job and Start Working from Home

Making even small points of differentiation between work time and personal time helps your brain know when you’re off the clock, and that contributes to better work-life balance. But added responsibilities come with freedom, not to mention planning, foresight, self-discipline, and focus—and, yes, hours of uninterrupted hard work. As many home-based employees will tell you, it’s not easier to work from home; it’s just a different location. Close family members have to understand that you can’t help them move during the workday or even chat on the phone for an hour. Setting limits if you have children at home can be especially tough. On the positive side, letting kids see you work hard at something you love—even at the parts that you don’t love—can greatly influence their future career choices and entire attitude toward work.

Shows that, when employees have the opportunity to work from home, a whopping 87% of them take it. Much of that is owed to the flexibility remote work provides. Remote work is changing everything, from how we approach work-life balance to the ways we communicate and even how we measure productivity. The “greatremote work experiment” has reshaped many of the rules that once dictated the boundaries of our professional lives. Wrike Blog Latest news and best practices on project management. There’s a whole bunch of time management appsavailable that will help you track your time and stay focused.

What Types of Remote/Distributed Team Tools and Software Have You Used and How Did You Use Them?

She’s also an avid paddleboarder, proud plant-based eater, and doting dog mom to a 10-year old dachshund mix named Indiana Jones. According to Jones, the key here is to have a detailed, thoughtful answer prepared. That should be fairly easy for people who’ve worked remotely in the past, but if you haven’t, don’t sweat it. “Sometimes people get tripped up when they are asked a question about a situation they’ve never been in—and remote work is new to a lot of folks,” Jones says. “If this happens, communicate what you would do if you encountered XYZ situation in a remote role; sometimes the thought process is more valuable than the actual answer.” In addition to listing the types of technologies you’re familiar with, you should also be prepared to explain how and why your team used them.

  • So, take an honest look at what your natural rhythm is and how you’re most productive before you answer this question.
  • As with every interview ever, it’s essential to show up well-prepared.
  • Prepare a few questions in advance as some questions will be covered throughout the interview.
  • Plus, you don’t have colleagues sitting all around you to serve as positive peer pressure to keep working or to provide a sense of camaraderie that keeps you going.

5 major benefits of accounting outsourcing + useful tips

Thursday, September 17th, 2020

benefits of outsourcing bookkeeping for startups

Businesses that have rapidly grown are often suffering difficulty with backend operations. Businesses often lay off, and you are trying to become more efficient with your money. But you don’t want skilled employees to leave the company because employees are still difficult and expensive to replace. Some of the top Bulgarian companies offering outsourced bookkeeping for startups accounting services include NOVACON, KPMG Bulgaria, and B&Si Services. Indian firms that offer services to global clients have highly skilled accountants with CPA (Certified Public Accountant) certification. Moreover, these accounting professionals usually have good English proficiency, making it easier for international clients to collaborate.

Our account management team is staffed by CPAs and accountants who have, on average, 11 years of experience. They set up our books, finances, and other operations, and are constantly organized and on top of things. As a startup, you have to focus on your product and customers, and Kruze takes care of everything else (which is a massive sigh of relief). Our accountants serve startups all over the US, with offices in Austin, San Francisco, Silicon Valley (San Jose), Los Angeles (Santa Monica) and New York City. This became very important in the early days of COVID because a lot of companies were trying to cut burn.

Increased Efficiency and Reclaimed Time

You won’t have to hire an employee who is learning on-the-job accounting training. By hiring a CPA firm, you will have access to a team of experts with years of experience and knowledge in the accounting field. You also gain access to their software and technology that will be used to keep track of all your financial, payroll and tax information to ensure accurate accounting work. During this time in your operations, you are mainly concentrating on building your customer base, filling orders and addressing customer concerns. The accounting aspects of your firm may be too time-consuming to deal with, or you may not be a numbers person who can do your own bookkeeping and tax preparation.

What are 3 advantages of outsourcing?

  • Improved focus on core business activities.
  • Increased efficiency.
  • Controlled costs.
  • Increased reach.
  • Greater competitive advantage.
  • Offshore outsourcing issues.

When you need some special services like tax preparation or business analysis, you can’t rely upon a part-time bookkeeper. You need someone who has vast financial and accounting knowledge and experience. If your business is low on funds and doesn’t want the added expense of hiring a full-time bookkeeper, outsourcing your bookkeeping makes sense.

Benefits of outsourcing accounting and bookkeeping

These benefits can help startups manage their finances effectively and focus on other areas of their business. Using an outsourcing company for your accounting department offers a range of cost savings. You only have to pay for accounting and tax preparation services the CPA firm provides. If you hire a full-time or part-time employee, you will have to pay wages and employee benefits such as vacation time, leave time, or even accounting training. On the contrary, when you are dealing with an outsourced accounting service provider, you can contact them anytime, and someone at the other end will always be available to help you.

Choosing an outsourced accounting service can be an excellent way for businesses to reduce risks and improve their financial management. By outsourcing accounting tasks, companies can tap into the expertise of professional accountants who specialize in handling financial data and preparing accurate financial reports. This reduces the risk of errors and ensures that all financial information is up-to-date and compliant with regulations. Overall, choosing an outsourced accounting service can provide businesses with peace of mind, knowing that their finances are being handled by skilled professionals. Outsourcing accounting allows your startup access to bookkeeping and accounting expertise based on your business needs. The experts are well-trained to implement accounting best practices, including adhering to GAAP standards, proper record management and reporting, meeting payroll requirements, and more.

Startup Accounting: 6 Steps to Build a Foundation for Financial Success

Outsourcing is the simple process of hiring a freelancer or vendor to do something for your company instead of trying to do it in house. Don’t worry about your accounting with Wafeq where you can keep all your expenses and revenues on track, manage payroll and inventory, plus generate over 30 financial reports from one place. There are important benefits for customers who want to outsource their accounting responsibilities.

benefits of outsourcing bookkeeping for startups

The majority of startups consist of a small team of important workers, with others consisting entirely of owners and founders. Since they are just getting started and are concerned about prices and expenditures, they avoid employing new employees and attempt to do everything themselves. Bookkeeping is necessary, but it does not contribute to your bottom line. Time spent handling the books is time that could be spent growing your business in other ways.

People may work in sales and customer service or pull two roles in product development and marketing. It’s possible that you have an employee who has bookkeeping experience and can fill other roles. However, you’d likely still want outside expertise on things like raising capital and preparing financial documents. Not every startup will be ready to hire an outsourced bookkeeping service on day one.

  • If you are operating a business – particularly a small/new one – you will appreciate the ability to considerably increase (or decrease) the size of your operations without incurring a loss of earnings.
  • But, when tax season pressure knocks at your door, you need a team of accounting professionals to help you out.
  • They should set clear expectations at the start to avoid any confusion.
  • The accounting experts can even give recommendations to avoid reaching that point, which may lead to shutting down your business.
  • When revenue or expenses happen, it’s your startup bookkeeper’s job to record these into your company’s accounting system.

This is particularly true for multi-national corporations, which need support navigating local rules, infrastructure, and commercial environments. Ragesh T is going to share some amazing insights on sales strategy for your startup. One of my friends suggested Shout in Canada because they offer a list of the best bookkeeping in Calgary, so I advised people to read this blog as well.

For startups who are dealing with these issues, outsourcing your accounting services may be the ideal solution. Hiring an offshore accounting expert for a startup can be an option, but it gets expensive to handle an in-house resource. Thus, the most effective option available for a startup is outsourced accounting services for startup. Even the smallest businesses have bookkeeping tasks that need to be handled to ensure their success, which is even more true for start-ups. In the early stages, start-ups are focused on stretching their limited funds and cutting costs wherever necessary.

benefits of outsourcing bookkeeping for startups

That is especially true if they have the knowledge to create financial statements for their business, handle bank accounts, evaluate financial data, and manage invoices. That’s why more than one-third of small companies outsource their accounting—read on to see the seven reasons behind their choice. By outsourcing accounting services for startups, you will get access to knowledgeable accountants according to your company’s requirements.