Introduction
In today’s globalized business environment, many companies are turning to international bookkeepers to manage their finances. Outsourcing bookkeeping to professionals in other countries can offer significant cost savings and access to specialized expertise. However, it also comes with challenges, such as communication barriers and time zone differences.
In this blog post, we’ll explore the key advantages and disadvantages of working with an international bookkeeper, helping you decide whether it’s the right choice for your business.
What Is an International Bookkeeper?
An international bookkeeper is a financial professional located in a different country who handles accounting tasks such as:
- Recording transactions
- Managing payroll
- Preparing financial statements
- Handling tax compliance
- Reconciling accounts
Businesses of all sizes—from startups to large corporations—hire international bookkeepers to streamline operations and reduce costs.
Pros of Hiring an International Bookkeeper
1. Cost Savings
One of the biggest advantages of outsourcing bookkeeping overseas is reduced labor costs. Countries like India, the Philippines, and Eastern Europe offer highly skilled accountants at a fraction of the cost of hiring locally.
Example: A U.S.-based bookkeeper may charge $50–$100 per hour, while an international bookkeeper might charge $15–$30 per hour for the same services.
2. Access to Global Talent
By hiring internationally, businesses can tap into a larger pool of qualified professionals with expertise in various accounting standards (e.g., GAAP, IFRS).
3. Scalability
International bookkeeping firms often provide flexible services, allowing businesses to scale up or down based on their needs without hiring full-time employees.
4. Focus on Core Business Activities
Outsourcing bookkeeping frees up time for business owners to focus on growth, strategy, and customer relations instead of administrative tasks.
5. 24/7 Availability (Depending on Time Zones)
If your bookkeeper is in a different time zone, they can work on your accounts outside your business hours, ensuring faster turnaround times for urgent tasks.
Cons of Hiring an International Bookkeeper
1. Communication Barriers
Language differences and cultural nuances can lead to misunderstandings, especially when discussing complex financial matters.
Solution: Hire bookkeepers with strong English proficiency and use collaboration tools like Slack or Zoom.
2. Time Zone Challenges
If your bookkeeper is 8–12 hours ahead or behind, real-time communication can be difficult, delaying urgent requests.
Solution: Set overlapping working hours or use asynchronous communication methods.
3. Data Security Risks
Sharing sensitive financial data with an overseas provider increases the risk of data breaches if proper security measures aren’t in place.
Solution: Ensure the bookkeeper uses encrypted file-sharing platforms and signs an NDA.
4. Compliance and Regulatory Differences
Different countries have varying tax laws and accounting standards, which could lead to errors if the bookkeeper isn’t familiar with your local regulations.
Solution: Verify that the bookkeeper has experience working with clients in your country.
5. Lack of Physical Presence
Some businesses prefer face-to-face interactions with their financial team, which isn’t possible with an international bookkeeper.
Solution: Schedule regular video calls to maintain a personal connection.
How to Choose the Right International Bookkeeper
To minimize risks and maximize benefits, follow these steps when hiring an international bookkeeper:
- Check Qualifications – Look for certifications like CPA, ACCA, or CA.
- Read Reviews & Testimonials – Platforms like Upwork and Fiverr provide client feedback.
- Conduct Interviews – Assess communication skills and industry knowledge.
- Start with a Trial Period – Test their work before committing long-term.
- Use Secure Platforms – Ensure data protection with tools like QuickBooks Online or Xero.
Alternatives to Hiring an International Bookkeeper
If the cons outweigh the pros for your business, consider these alternatives:
- Local Bookkeepers – More expensive but easier to communicate with.
- Accounting Software – Tools like QuickBooks or FreshBooks automate many tasks.
- Hybrid Approach – Combine an international bookkeeper for routine tasks and a local accountant for compliance.
Final Thoughts
Hiring an international bookkeeper can be a smart financial move, offering cost savings and access to skilled professionals. However, businesses must weigh the potential downsides, such as communication barriers and data security risks.
By carefully selecting a reputable bookkeeper and implementing best practices, companies can enjoy the benefits of international outsourcing while minimizing drawbacks.
Call to Action:
Need help deciding if an international bookkeeper is right for your business? Contact us today for a free consultation!
