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The 12^th man concept ensures your business never fails to meet deadlines, it’s a staff member not included in your headcount and the benefits far outweigh the costs, so what is it?

The 12^th man is a permanent Assistant Accountant in your finance department from Our Accounting Division which is half the price of an office-based employee. But that’s not the only reason why you should consider an outsourced accountant in your team.

Here are 10 reasons why your Finance Department should have a temp that is trained in the systems and processes of your department.

Employing a temporary staff member who is trained in the systems and processes of your department can provide numerous benefits. Here are ten compelling reasons why your Finance Department should consider having a temp trained in your specific systems and processes:

It’s like a temp staff member that works full time for your organisation helping everyone until the day someone is absent.

1. Immediate Productivity: A temp who is already trained in your department’s systems and processes can hit the ground running. This eliminates the time and resources typically required for onboarding and training new employees, allowing them to contribute effectively from day one.
2. Reduced Training Costs: Training new hires can be costly and time-consuming. By hiring a temp who is already familiar with your systems, you save on these expenses. This is particularly beneficial during peak periods or when the department is short-staffed and cannot afford to divert resources to training.
3. Business Continuity: In the event of unexpected absences, such as sick leaves or vacations, having a trained temp ensures that there is minimal disruption to the department’s operations. They can seamlessly step in and maintain the continuity of critical financial processes. Statistics show if you have more than 6 staff members then at least one will be away on any given week. Your 12 man cover this.
4. Flexibility: A temp provides the flexibility to scale the workforce up or down based on current needs. During busy periods, such as the end of the fiscal year or during audits, a trained temp can provide the additional support needed without the long-term commitment of a permanent hire.
5. Permanent Assistant Accountant: Can help every staff member when they simply have too much work to do within a specific deadline. This is where your assistant accountant can help. Your office-based employee reaches out for help and in doing so learns how to delegate work and check it helping them grow as an employee and raising their self-esteem.
6. Specialised Skills: Finance departments often use specific software and systems that require specialized skills. A temp who is trained in these particular systems ensures that tasks are performed correctly and efficiently, reducing the risk of errors and improving the quality of financial data.
7. Support for Strategic Projects: During times when the department is focused on strategic projects or initiatives, a trained temp can handle routine tasks, freeing up permanent staff to concentrate on higher-value activities. This support can be crucial in meeting project deadlines and achieving strategic goals.
8. Temporary Gap Filling: Whether due to maternity leaves, sudden departures, or extended recruitment processes, there are times when positions remain vacant. A trained temp can fill these gaps effectively, ensuring that the department continues to function smoothly without overburdening existing staff.
9. Cost-Effective Solution: Hiring a full-time employee comes with significant costs, including benefits, insurance, and retirement contributions. A temp, especially one who is already trained, provides a cost-effective alternative that can deliver the same level of productivity and expertise without the long-term financial commitment.
10. Reduced Risk: Hiring a new permanent employee always carries some risk, as there is no guarantee they will perform as expected or fit well with the team. A temp allows the department to assess their capabilities and cultural fit before making a long-term commitment, thereby reducing the risk associated with hiring.

It’s a really good business decision to choose an outsourced accountant as a full-time temp to help the office-based employees and then step in to take over absent staff members tasks when on holidays or sick leave.

Here’s how our solution from Our Accounting Division, Australia’s leading customer-focused accountant outsourcing provider, can benefit your business:

The benefits of using an outsourced accountant from Our Accounting Division

Does not add to headcount: Whilst the accountant you hire only works for you and no one else, they are not an extra staff member so like your accountant you hire each year at tax time they don’t need to work from your office.

Enhanced Team Performance: By learning each team member’s role, our accountant can assist and improve overall job performance, as teaching is a proven way to master any task.

Standard Operating Procedures (SOPs): Each position will have an SOP, identifying efficiencies and areas for improvement, which is a valuable asset for planning and operational analysis.

Cost Efficiency: The full-time remote position is offered at less than half the cost of an on-site employee, effectively giving you two accountants for the price of one. We provide an accountant that matches your required skill set, plus a supervising officer to ensure smooth operations and SOP creation.

Comprehensive IT Support: We offer free IT setup and ongoing support, ensuring secure access to your systems as if the accountant were working in the office next door.

Flexible Agreement: Our month-by-month agreement allows you to easily cancel or request a different accountant if needed, with no hidden charges or fees. You receive a simple monthly invoice for the agreed salary plus GST.

For more information on exactly what tasks, we can do for you and how we can ensure it works seamlessly in your business simply reply with a more information please email.

There are numerous other benefits we can offer when you choose to partner with Our Accounting Division. Our goal is to ensure your finance department runs smoothly, regardless of staff absenteeism, with trained professionals ready to step in at a fraction of the usual cost.

We look forward to being of service soon. Call Philip McLeod on 0408 19 63 46 at Our Accounting Division today.