Dover Accounting Outsourcing
Dover Accounting Outsourcing provides experienced MBA and CPA accountants to Australian accounting firms at less than half the cost of Australian staff.
There is no payroll tax, superannuation, rent space, electricity or IT costs.
You only pay for what you need, with staff availability tailored to your needs.
Dover Accounting Outsourcing is the most cost efficient way to run your business.
Who does the work?
Dover Accounting Outsourcing has sixty five accountants in Vietnam.
Each accountant is university qualified and has more than five years full time experience in accounting for Australian companies, trusts and SMSFS.
The managers and supervisors hold MBAs from Melbourne's Swinburne University or are fully qualified CPAs. They do not need any on the job training. They have plenty of experience already. They can start work at 100% recoverability/chargeability today.
This is an important point: we do not ask you to train our staff. Our staff are already better trained, qualified and experienced than most Australian accountants.
Our staff are expert in accounting for small and medium sized businesses. And they start at 100% efficiency. They are already experts in accounting for Australian businesses. There is no on the job training. Most clients find our Vietnam team is more efficient and more experienced than the client's Australian staff members.
Staff motivation is no longer a problem. Our Vietnam team is highly motivated and they want to show you how good they are.
Some of our clients have reduced their net costs by more than $300,000 a year. That goes straight to your bottom line, and means much higher net cash flow and much higher business values.
Dover Accounting Outsourcing frees you up from your role as HR Manager and payroll master (or is it "sick leave coordinator") to concentrate on your clients and developing your practice/business.
What work does Dover Accounting Outsourcing do?
Our Vietnam team handles the broad range of small and medium sized business accounting and administration work. This includes:
- company, trust and SMSF accounts and income tax returns;
- SMSF audits;
- inter-entity reconciliations;
- accounts receivable and accounts payable;
- solicitor trust account reconciliation; and
What are the benefits to you?
Dover Accounting Outsourcing allows you to:
- significantly reduce your accounting costs
- significantly reduce your labour costs;
- achieve a stable workforce;
- save on training time, because there is no learning on the job;
- access a better trained, qualified and experienced staff than you have now;
- save on other operating costs such as rent, computers, recruitment costs, payroll tax, superannuation and electricity;
- save recruiting fees;
- save on sick leave
- grow your practice confident that you have the capacity to service your clients;
- achieve better personal efficiency and life satisfaction as you are freed from your HR manager role and released to work with your clients;
- improve client retention through staff stability/continuity and better client prices; and
- achieve higher profits, net cash flow and practice/business valuations.
Who do you deal with?
You contract with Dover Financial Advisers Pty Ltd. Dover is an Australian company that authorizes more than 160 financial planners around Australia, and has more than 30 years hands on experience dealing with Australian accountants.
Dover is currently the 30th largest AFSL in Australia based on the number of authorized representatives.
Dover Financial Advisers Pty Ltd is owned by McMasters' Financial Planners, Accountants and Solicitors. Dover Accounting Outsourcing is a key factor behind McMasters' success and rapid sustained growth.
All work is guaranteed by Dover Financial Advisers Pty Ltd.
On a day to day basis you deal with your Vietnam staff directly by telephone, Skype and e-mail.
They become an integral part of your team
What software is used?
Our staff adjusts to your systems, you do not adjust to theirs. They are competent in all popular accounting packages including: BGL Simple Fund, MYOB, Solution Six, Reckon, APS, Bank link, and Xero. If you use other packages we will train our staff in these packages at our cost.
Dover can also allow you to migrate to its APS system, achieving even better efficiencies and lower costs. We have a team of IT and accounting experts who can help you make your practice/business more efficient.
We stress the logistics are adjusted to meet your preferences, not ours. We work with you to get the most efficient system possible.
Is my client information secure?
Dover Accounting Outsourcing has extensive security protocols designed to make your client information just as safe, if not safer, than it is now.
There is no significant additional confidentiality risk connected to using Dover Accounting Outsourcing.
You can discuss any particular concerns with our IT consultants.
How does the time difference work?
It's not an issue. Vietnam is two hours behind EST and this means questions asked at the close of business in Australia are normally answered by the start of business the next day.
Our Vietnam staff like working overtime and have no problem working weekends when the need arises. Their work ethic is superb. The time difference is not a problem.
What about client perceptions?
Client perceptions are not a problem. Anyone in business knows you have to access the best quality inputs at the best possible price if you are to maximize efficiency.
The cost savings are passed on to clients and they see how good the work is they will be converted!
Your clients would think you inefficient if you are not outsourcing.
Dover Accounting Outsourcing can provide testimonials and references on request.