If this question is asked 20 years ago, the answer maybe a no, but not anymore for now.
With cloud accounting software more readily available, having a remote accountant is worth considering.
You can negotiate for a fee based on transaction volume or based on number of bank statement pages as compared to a fixed salary with expectation of increment every year.
Job satisfaction will plateau off after working for a few years and you will have to rehire again when one resigns.
With cloud-based accounting solution, your accounts staff need not be housed in the same office. With internet connections and cloud storage, receiving electronic pdf invoices or create a whatsApp group, you can connect with your accounting team, just as fast as he/she sits besides you.
Putting a technology layer to your business will make you one step ahead of your competitors, giving your stakeholders a different business experience.
How about considering out-sourcing your accounting team now?
First, you can control your costs ( no year end bonus, expected salary increment, cpf etc) and you also can have access to the information 24/7.
Contact us if you want to explore out-sourcing your accounting to our team of remote accountants.