If you have just started a business or are expanding your current one, you will require the services of an accountant. Depending upon the scale and your budget, you can avail the services of an in-house Full-Time accountant or a Part-Time accountant. Now, hiring a Full-Time accountant will help your cause, but you must also look into the various advantages that a Part-Time accountant would provide. A Part-Time accountant would perform all the services of a Full-Time accountant but at a lesser cost.
There are also a wide variety of other benefits that a Part-Time accountant in Dubai would provide.
Benefits of Part-Time Accounting Services
1.Lower Cost
This is one of the main advantages of hiring a Part-Time accountant. A firm will only pay the accountant for the work that has been done by the accountant. Also, he will not be eligible for most of the benefits that are provided to a regular Full-Time working accountant such as retirement benefits, etc., which would save much money which could be utilized in the development of the firm.
2.Vast Knowledge
The business environment is very dynamic and keeping abreast with the business environment is very important for an accountant. There are some accounting services and tools that are used by accountants all over the world. A Part-Time accountant will have spare time to enhance himself further and learn about these tools. It is also the case that the Part-Time or outsourced accountant may also work for two to three firms at a time. This will provide him with experience of workings in different industries.
3.Provides Flexibility
Part-Time or accountants do not have a fixed schedule and only work for several hours a day. It depends on the hiring firm how much work do they want these accountants to do. The hiring firm can actually decide to call them and what will their timings be. A Part-Time accountant provides flexibility to the firm to bring them on the job whenever the firm deems fit. Many of the Part-Time accountants are retired professionals or people who have their own sets of priorities.
4.Build Your Reputation
The Part-Time accountant would be known already by the current firms in the market. The Part-Time accountant would be able to adapt to a firm easily as he will only have to work for a couple of hours every day. A firm can try and test new accountants from time to time which would help in deciding which accountant will be the best for the company. After working and proving a particular accountant can be hired Full-Time by the firm.
5.Competitive Pay
The pay of a Part-Time accountant can depend upon many things. The payment could rely on the number of hours worked, or a lump sum amount could be mentioned while hiring your services. It also may be on a project on an hourly basis. As your experience increase, your pay and reputation will also increase. Some of the Part-Time accounting professionals also receive all the perks which a Full-Time employee earns in a firm, but that would depend on the management of the firm.
6.Quick Learning
Since the Part-Time accountants would be working for more than one firm that too in varied sectors, they need to learn things quickly and on the job. They must have a thirst for knowledge and should be able to think out of the box. This is an outstanding quality that every Part-Time accountant must possess.
Hiring a Part-Time accountant allows a firm to test their working abilities and their accountancy skills in real life conditions. If the Part-Time accountant is good at his work, the firm may hire him as a Full-Time accountant. Part-Time accountancy is beneficial for both parties. The accountant can also check if the environment of the firm and the pay by the company. Also, he can keep upgrading his skills alongside doing the accountancy job as there would be enough time for him to spend on self-grooming.
If you are thinking of availing outsourced accounting services, there are various audit firms in Dubai. “JAXA” is one of them. We at “JAXA” can help you by providing outsourced accounting and bookkeeping services in Dubai. Our professional and highly qualified teams of Chartered Accountants, Auditors and Specialist Teams will offer custom solutions to the problems of your business. For more information, do contact us today – we’d be happy to assist.
