Frequently Asked Questions
What is Outsourced Accounting?
Outsourced accounting is the contracting of accounting operations and responsibilities to a trusted third-party service provider like MontPac.
How do I get started?
How can I assure that my information is secure with MontPac?
MontPac has established security policies and has invested in IT equipment to avoid possible internal or external security threats:
- Active Directory / Security Policies
- Network Firewall
- Folder/File Access Controls
- Enterprise Endpoint Protection
- On-site and Off-site backup
- Device security policy
- Door access controls in Facilities and Data Centers
How much will it cost me if I outsource my accounting work to MontPac?
Unlike other outsourced accounting providers who offer flat rates for their accounting services, MontPac’s pricing depends on the amount and complexity of work determined after the assessment of your books. We believe that every business is unique and so are its accounting needs. To get a free assessment on your books and a quote on our services, sign up here.
Can I really save money if I outsource my accounting to MontPac?
Without a doubt. MontPac utilizes Filipino accountants from their offshore operations making it possible to perform the service as much as lower labor costs than competing accounting/bookkeeping firms. Aside from getting away with overhead costs of employing an in-house bookkeeper, the time that you save from figuring out how to properly manage your books also equates to a certain value.
Peace of mind is priceless. Outsourced accounting services are designed to deliver timely and accurate financials at the least cost possible. With MontPac, you can do just that.
Do you have a standard protocol for turnaround time and customer service?
The target turnaround time in responding to client requests, inquiries, correspondence is within 24 hours, or shorter as needed.
Why should I outsource my accounting?
Outsourcing your accounting operations is the best option for your business if:
- You do not have an in depth understanding of accounting best practices and procedures and you need an expert in the field
- You spend too much time doing accounting rather than focusing on the core of your business
- You are starting a business and need someone to create a financial model that will best suit your startup
- You are unsure about internal accounting control
- Your business is scaling fast and you think you might need some help with managing the pace of your accounting activities
- Your business does not need a full-time employee to do the accounting work
Will my accounting operations slow down if an assigned person for my account leaves?
No. During the onboarding process of MontPac for your account, not only the assigned people are trained but also back-ups in case a person for your project leaves. We can ensure that there will be no business disruptions in case and that we have it all figured out before it even happens!
How experienced are MontPac's Accountants?
All of our dedicated accountants have four to five-year degree in Accounting and almost 50% of them are Filipino CPAs. Aside from continuing education and the trainings that they undergo at MontPac, some of our accountants have already had experience on a variety of client situations from renowned CPA firms such as PricewaterhouseCoopers, Ernst & Young, Deloitte and P&A Grant Thornton.
Will MontPac replace my current bookkeeper?
Not necessarily. We can do all or just a part of the accounting responsibilities. You will be given the freedom to choose and decide on the scope of responsibilities that you want Montpac to take over once you sign up. Montpac can even work hand-in-hand with your bookkeeper to be able to meet demanding deadlines. We are here to support you!
Will I lose control over my accounting operations if I outsource?
No. In fact, a properly designed accounting workflow should actually give you more control over your business. You will also be given assurance that your day-to-day financial operations are performed on a timely basis at a high level of accuracy that builds up confidence needed to make financial intelligent decisions.
How long is the client onboarding process of MontPac?
MontPac will start onboarding your account as soon as you sign up. The onboarding for clients typically takes about 2 weeks to one (1) month depending on the amount and complexity of work, and the cooperation of the client in terms of completion of requirements.