Engagement Models For Accounting Practices

We offer three engagement models for our accountancy service to reflect the range of client requirements.

Full Time Employee (FTE) Model

Under this model, staff work exclusively for client's accounting firm. This model offers greater control as they (Client) help plan and manage the work for each FTE (Full Time Employee) while we track and report the status of each outsourced job. Fixed fees are agreed in advance.

Features

Fixed monthly fees – manage budget without fear of cost escalations
Trained accountants work exclusively for your firm – leads to consistent service and good employee morale
No hiring or training hassles - we help screen, select, recruit and train accountants for your firm
More economical than hourly rates if you have high volumes of work
Quicker turnaround time – similar to completing jobs on-site
Unlimited phone and email support

Ad hoc/Pay As You Go Model

Under this model, actual usage is metered and client pay only for as much capacity as they use. We invoice them at the end of the month and only charge them for the hours they’ve used. This model is similar to the FTE model in the sense that they get skilled dedicated staff working exclusively on your tasks except only for a pre-defined period. There is no volume discount available on this model.

Features

Accountants work exclusively for your project albeit only for a pre-defined period
No ongoing commitments
No hiring hassles
Unlimited phone and email support

Block-of-hours

Similar to the Ad-hoc model, except this allows client to buy pre-paid blocks-of-hours (10, 20, 50, and 100) with an attractive volume-based discount. As hours are delivered, they are deducted from the total number purchased.

Features

Pre-purchase to obtain a discounted hourly rate
Larger block of hours receive larger discounts
Unlimited phone and email support

Payroll Processing

We operate 2 simple payroll processing engagement models

Our software : You send us your payroll processing request via email; we proc.ess it on our secure server using our software and provide you with reports in your required format.

Your server : You send us your payroll processing request via email; we process it on your server using your software and save the reports there.

Same salary model
Variable salary model

This is appropriate for simple payroll with the same salary details/amount every month.

Designed for more complex payroll requirements such as where the client has different types of employee (eg, part time/full time) or pay frequency (eg, weekly/fortnightly) or variable pay amounts.