Issue 6 - The Outsource Insider – Your Biweekly Dispatch from Finsmart Accounting
Welcome to “The Outsource Insider”, dispatched to you biweekly by Finsmart Accounting, where we share insights, resources, and a little fun - designed for firms to grow with offshore talent.
🌍 The Global Edge
When it comes to hiring talent, accounting firm owners are often torn between whether they should keep it in-house or offshore. What they are worried about is the quality of the talent. This is one of the aspects that Patricia Hendrix, VP of Communities at Woodard, spoke about in the first episode of the Smart Outsourcing Talks Podcast.
“You have a requirement that is much higher than an average bookkeeper in the US. Most of your people are equivalent to a CPA. They have a Masters in Accounting. Many of the bookkeepers I work with in the US are self-taught. They are not necessarily trained as accountants,” she said.
Many accounting firms that have never offshored often have this apprehension. But the truth is, when you offshore, you get access to global talent at a much lower price than in the US.
Patricia spoke about several other apprehensions, like data security, that she had before she offshored, as well as factors that other accounting firm owners are worried about.
The first episode of Smart Outsourcing Talks with Patricia Hendrix is live now. Watch the complete conversation here:
📚 What We’re Reading
Threats of Cybersecurity in the Age of Digitalization
Digitalization and the advancement of AI have done so much good for the accounting industry. These new-age tools and tech have not only helped automate tasks and increase the speed and productivity, but have also eased the lives of the accountants.
Despite all the good things, the cybersecurity threats continue to persist. Many times, small firm owners end up thinking, “This won’t happen to me” until it does. Once an attack has happened, it feels like doomsday.
On this note, Accounting Today talks about protecting your firm from cybersecurity exposures, and we have been gripped.
READ THE FULL ARTICLE
🔦 Finsmart Spotlight
Smart Outsourcing Talks Podcast is live now!
Smart Outsourcing Talks Podcast, a Finsmart presentation, is now live. This podcast is not just another talk show, but an in-depth conversation about what is trending in the industry, what the challenges are, and how leaders and influencers are overcoming them.
We have had the opportunity to sit down with some of the imminent leaders of the industry, like Randy Crabtree, Terrell Turner, Dawn Brolin, Scotty Scarano, Shahram Zarshenas, Veronica Wasek, Loren Fogelman, Patricia Hendrix, and Kenji Kuramoto, and we have many others lined up.
Our first episode with Patricia is live now, and we are releasing one episode every week on Thursdays. Join the conversation and be the change.
Subscribe to our YouTube channel and get notified when new episodes are out.
💰 Free Growth Resource
Free Job Description Template
If you are looking to bridge the gap between the firm and the clients, you might be looking for a Senior Account Manager. These individuals are responsible for understanding the challenges that clients face and helping solve them promptly.
To find the right candidates, the first step is to design a job description that resonates with them and helps them assess if the role is the right fit for them.
DOWNLOAD THE CUSTOMIZABLE JOB DESCRIPTION TEMPLATE
🧑💼 Meet Your Future Team
At Finsmart Accounting, our teams work directly with accounting firms (clients) from Day 1. We hire experienced professionals who are fully capable of tackling crises and are always prepared to put their best foot forward to solve their clients’ problems.
In this issue of The Outsource Insider, we present to you one of our Team Leaders, Nitin Gupta.
He has 5 years of experience in US Accounting and an MBA degree
His expertise lies in bookkeeping, financial reporting, month-end closings, and reconciliation
He helps deliver financial insights to optimize accurate decision-making
He is also proficient in QuickBooks, Xero, Teams, and Keeper
He has a deep understanding of accounting workflows, which enables him to streamline processes and improve financial visibility for clients
😄 Funsmart Corner
📅 What’s Coming Up
Burnout, lack of work-life balance, and building frustration - all leading to poor mental health - are common phenomena in the accounting industry. But when it comes to smart scaling, can we beat the burnout?
We are hosting a live webinar where Maanoj Shah, an Offshoring expert, Co-Founder of Finsmart and the host of the session will be joined by Patricia Hendrix, VP, Woodard, Kelly Porter, Director at Arrow Bookkeeping, Isaac Perdomo, Founder of Opzer and an automation specialist, where they will talk about “From Burnout to Bandwidth - Smart Ways to Build Capacity in Your Firm”.
Date: 19th August
Time: 1 PM ET
Register Now
What will you learn?
Discover real-world strategies to ease team overwhelm
Hear from firms who’ve successfully scaled capacity—without sacrificing quality
Learn how to spot (and stop) burnout before it spreads
See how tech, offshoring, and smarter systems fit into the picture
Walk away with actionable tips, not sales pitches
Who Should Attend?
Accounting firm owners | Managing partners | Operations leaders | Practice managers | Anyone looking to scale sustainable
REGISTER NOW
See you next time!