Hard Work & Grait: The Reason Why Filipinos Make the Best NetSuite Accountants

November 29, 2022
Image of a Filipino woman working diligently at a desk with a laptop and papers, embodying excellence as a NetSuite Accountant.

Why do Filipinos make the best NetSuite accountants?

  1. There are High Accounting Qualifications in the Philippines
  2. Many Filipinos are Native English Speakers
  3. NetSuite’s largest office location is in Manila
  4. Filipinos are Known To Be Hardworking

There is a scarcity of NetSuite accountants in the west. That’s why NetSuite accountants in the area often demand unreasonable salary rates. With this setup, it doesn’t come as a surprise that companies want to train in-house NetSuite accountants. The problem is, in the hands of untrained users, NetSuite can end up being costly and ineffective. In the Philippines, NetSuite accountants present different benefits for many reasons.There are more than 460 schools in the Philippines offering accountancy courses. The local government is also attracting more enrollees to produce high-quality accountancy professionals. There are over 28,000 Certified Public Accountants (CPAs) in the country’s labor market.All this is thanks to the high standards the country holds for accounting education. That’s why many other large businesses and foreign companies of all sizes should consider hiring Filipino NetSuite accountants. Their hard work and grit put them at the forefront. Keep reading to learn more!

There are High Accounting Qualifications in the Philippines

There are High Accounting Qualifications in the Philippines

Education in the Philippines is important for everyone to have. It’s a sign of prestige, especially if you get it from the top universities in the country.In the country, accounting is also considered one of the most prestigious courses. It can be difficult for many to be accepted into universities for these courses. It is also difficult for many to pass the CPA, but once completed, it is a pathway to many great opportunities.Since 1929, the Philippines Institute of Certified Accountants (PICPA) has been responsible for producing world-class accountants in the country. They continue to support, develop, and implement only the highest quality accounting standards in the county. They follow the same standardization processes together with over 130 countries.Today, there are 84 local chapters of the PICPA. There are also 26,000 + active members. There are also over 450 certified schools in the country that continue to produce the best accountants the country has to offer.

Many Filipinos are Native English Speakers

Many natives are taught to be bi-lingual from birth. Families make it a point to have their children fluent in both Tagalog and English languages. Furthermore, the language used in many schools is English.Starting at preschool, all children learn how to read and communicate in English. Later on, the Filipino language is introduced in school. Teachers use classic English nursery rhymes during circle time and even make use of English storybooks.The same trend follows until students reach the tertiary or college level of education. With a good mix of both English and Filipino subjects, Filipinos learn how to be excellent speakers of both languages.This way of teaching is all thanks to the Americans. Since 1898, many of their culture and traditions seeped into the Filipinos, and it was continuously passed from generation to generation.Since many Filipinos are bi-lingual at a young age, it makes it easier for them to get along with many nationalities. Through language, we discover that we have a mutual understanding’s culture, traditions, and history.

NetSuite’s largest office location is in Manila

Back in 2009, NetSuite strengthened the company’s tie to the Philippine market, positioning the country as the largest and leading cloud computing application supplier. Manila is NetSuite’s largest office location outside of the USA.

Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.

Filipinos are Known To Be Hardworking

Filipinos are Known To Be Hardworking

Many commend Filipinos for their ability to not complain about the work given to them. This is seen in many industries where they may be asked to shift to the afternoon or evening shift instead of the standard 9 AM to 6 PM working hours.Filipino employees do their best to deliver their best work in any situation they are put in. Many even choose to work during the holidays, if necessary. Many US companies can attest that Filipino NetSuite accountants take pride in possessing an excellent work ethic.

Key Takeaway

If you’re wondering why you should hire NetSuite accountants in the Philippines, we’ve listed the different reasons why. The high standard for accounting in the Philippines has made accountants here the best in the industry. With their hard work and grit, they can provide you with the best NetSuite accounting services.Filipinos have been reducing labor shortages globally and for various professions. This includes accountancy.Here at Atticus, we are known to be a trusted offshoring IT staffing company in the Philippines. We supply NetSuite-trained accountants for your company as seamlessly as possible. We can also provide support for NetSuite end-to-end implementation, system administration, and customer support. Don’t hesitate to get in touch with us today!

Aspect
Offshoring
Nearshoring
Outsourcing
Long-Term Costs
Cost-effective for skilled talent
Cost-effective but needs initial investment
High, offers control and flexibility
Investment
Moderate, reduces overhead
Initial training and technology
Highest initial and ongoing costs
Benefits
Access to nearby skilled talent
Large global talent pool
Maximum control over operations
Download the Salary Guide to compare average salaries of top NetSuite ERP professionals.
Key Differences
BPO
EOR
Not over PHP 250,000
Tax-exempt
Not over USD 434.49
Over PHP 250,000 but not over PHP 400,000
15% of the excess over PHP 250,000
Over USD 434.49 but not over USD 695.18
Over PHP 400,000 but not over PHP 800,000
PHP 22,500 + 20% of the excess over PHP 400,000
Over USD 695.18 but not over USD 1,390.36
Over PHP 800,000 but not over PHP 2,000,000
PHP 102,500 + 25% of the excess over PHP 800,000
Over USD 1,390.36 but not over USD 34,759.04

Frequently Asked Questions

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