FAQs

Frequently Asked Questions About ACCOUNTING, FINANCE, TAXATION

What are outsourcing accounting and financial services?

When you delegate your accounting and financial work outside of your office, it calls outsourcing. Businesses opt for outsourcing when they cannot afford experts or require experts for only a certain period of time in a year. With outsourcing, companies can free up their valuable time and focus on core business activities.

How do outsourced accounting and financial services work?

We conduct meetings with you to comprehend your needs and accordingly build up a team and work model as per your needs, who works remotely for you. Further, we also support onboarding and set up procedures without any surplus.

How can I engage with the team I am going to be working with?

Our aim is your satisfaction, and to ensure our every client suffice with our work, we have developed different engagement models to assist them, which includes:

  • Full-Time Engagement Model
  • Half Time Engagement Model
  • Ad Hoc Engagement Model

So that company can select the accounting, bookkeeping, taxation experts as per their requirements.

How much does it cost to outsource accounting and financial services?

The cost of outsourcing accounting and financial services depends on your requirements and engagement model. However, it has proven to be far cheaper (50% - 60%) and a better approach against in-house service.

How do I make the payments?

We offer multiple modes of payment for your convenience, including direct transfer as well as credit cards.

How do I communicate with the offshore team?

We believe consistent communication cement the business on both sides and therefore and that we make it possible through being open for all way of communication, be it email, Skype, or zoom as per your convenience.

What does IT competence look like at Knack Source?

We believe to walk with the current trend and deliver the best service experience to each client in the UK and for that, we keep our resources up to date with current technology and also keep eyes on the new trends coming out.

How is client data managed and used?

Knack Source is an ISO 9001:2008 certified company, where your data is as safe as ours. Knack Source uses the latest technology to protect your data from data loss and data breaches. Our work floors us under CCTV surveillance, and an IT team who keep watch on every moment inside the office. Further, we also delete the data the moment the task is completed to keep it confidential.

What are the industry sectors that you operate in?

With years of experience, we have gained the expertise to serve almost all domains, including pharmaceutical, health care, accounting, finance, retail, eCommerce, real estate, restaurants, educational, shipping, and logistic business.

Does the company train employees to upgrade their skills?

For Knack Source, the team is the most significant part of success, and therefore keeping them updated is a win-win deal for us, hence conduct different training sessions for upskilling employees' knowledge.

What is the average turnaround time for services availed?

Time is critical for accounting and financial processes, however, we do our best to diminish the turnaround time to 24 hours. This turnaround time may vary based on the type of work.

What is the benefit of working with a remote team?

The major and apparent benefit is a time difference, which boosts efficiency and ensures high business deliverables.

Do you have any UK representatives?

Yes, We do have our office in the UK as well as an onshore team of experts.

What is your experience in outsourcing accounting and finance services?

Knack Source holds considerable years of experience in catering to different sectors across the UK.

Do you provide supporting work papers for the returns prepared?

Yes, we do provide our clients with the lead sheets supporting the numbers on the tax returns to save your time spent on reviewing.

Do I have to sign a contract?

Knack Source provides a free trial ahead of client onboards and once the client is satisfied, the contract will be signed as per the agreement.

Does Knack Source offer a free trial?

Yes, we are confident about our service, and to give you closer look at our superior service, we provide free trials for bookkeeping, accounting as well as taxation services.

How do you charge extra hours?

The charge extra hours hourly, which would be an add-on to the committed hours.

What are your working hours?

Our team works as per Indian Time and our team can make your business 16 hours operational with our local working hours.

How do we ensure our tax team is updated?

We arrange an internal training session every year ahead of the state of the new tax season in order to educate our team with the latest IRS, tax law changes, and updates.

Frequently Asked Questions About Recruitment

What is RPO?

RPO stands for recruitment process outsourcing, wherein a recruiter delegates an entire recruitment process outsourcing to an external service provider to save time and cost at the same access experts.

What are RPO providers?

The company with a set of talent and technology assists the third parties in placing top talent in the shortest turnaround time.

Who can benefit from Knack Source RPO support?

Every company that is looking to streamline and scale recruitment for a while or permanent. Every company wants to optimize its workload and stretch its internal support team at a low cost.

How do Knack Source RPO solutions benefit my company?

Knack Source RPO service is completely flexible and scalable to your needs, which reduces hiring time at the same increases hiring volume at almost half of the cost against the in-house team.

How is RPO different from contingency recruiting?

We charge a predetermined fee without any surplus charge, we work as an extension of your internal recruitment team who spent valuable time on searching quality vs. quantity and submits top talents only to you.

Is RPO only for large companies?

Knack Source RPO service is open for every size of business, our service is scalable as per your requirements, making it highly liked among every business that is looking for quality talent.

Will using RPO save money?

While you outsource RPO, you do not need to spend on management, infrastructure, tools, software, or training, which ultimately reduces your company's overhead. Additionally, the RPO team not only reduces the hiring time but also helps streamline in-house processes and increase process efficiency.

What service does Knack Source provide?

Our range of recruitment process outsourcing services incorporates full cycle recruitment, sourcing, compliance and aiming, finance and accounting service. For detailed information go to service page of respective.

What is included in Knack Source's RPO support?

We provide a dedicated full-time recruiter, who works solely for your needs and provide qualified submissions. Access to tools and technology to quickly onboard and perform as a virtual member of your team, workstation, international calling lines, job board access.

Which tools and technology do you use?
  • Country Specific Job Boards
  • Social Media
  • Professional Websites
  • AI-Driven Search Tools
  • AI Recruiting Platform
What is the difference between a sourcer and a full lifecycle recruiter?

Sourcer works the first level of outreach, sourcing and evaluating, and submitting, while full-cycle recruiter handles the entire recruitment process, including sourcing, screening, negotiating, guiding, etc.

Do I get to choose which recruiters work on my company's behalf?

Of course yes, you are able to interview and shortlist the best-suited recruiter for your company.

What types of roles do Knack Source work with?

knack source team is experienced in finding and placing junior, mid-level as well as management level roles for IT and non-IT industries from the UK.

What is a qualified submission?

Qualified candidates are named as qualified submissions in RPO, they are screened and qualified as per requirement needs. Knack Source team sources, interviews and evaluates to be suitable for your open roles and then submits them directly.

Will be charged based on the number of placements or open requirements?

Not at all, we charge flat, monthly based, hence there is no any additional charge based on the volume of people required.

Do I retain control of the final hiring decision?

The final call would always retain yours, we just help you make the well-informed decision.

How quickly can Knack Source ramp up my recruitment team?

Our recruiters are available in just 2 days of the first conversations.

Is there any way to test Knack Source services?

Yes, Knack Source offers a pilot run to permit you to examine our capabilities. You just need to make a call to us to let us know the type of support you are looking for.

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