Technology has now made it possible for businesses to seriously consider remote bookkeeping services and this is the reason, many businesses are taking advantage of these remote services. However, some business owners are terrified by the concept of a virtual bookkeeper and some even think that it won’t work for them.
There is no denying that innovations in the technology industry have resulted in a complete shift in the accounting and bookkeeping industries as cloud and virtual have become the new buzzwords. These days, many bookkeeping experts are taking advantage of new technology to remain competitive and to become more effective. An accountant or bookkeeper can now offer accounting services remotely through virtual bookkeeping. Here is a list of some of the benefits of virtual bookkeeping for your business:
It will allow you to find an expert bookkeeper at a considerably cheaper cost as compared to keeping an in-house bookkeeper. When you start searching, you will find that there are many remote bookkeepers offering part-time services and they are capable of meeting the needs of your business. Also, remote bookkeepers work as contract workers which means there is no need for you to worry about payroll taxes, vacation time and other benefits associated with permanent employees. You will also save money as services of a virtual bookkeeper are often available at affordable prices.
Since no physical office is needed for virtual bookkeeping services, you won’t have to worry about wasting resources on hiring a new person. You will also save money on administrative and accounting expenses. Whenever you hire a new person in your business, you have to spend some time on their induction. Also, space needs to be found for that person to work in.
It is not easy to keep account books. This is where a virtual bookkeeper shines as they can take care of payroll preparation, and various activities related to cash management as well as preparation of financial statements.
Another Professional in the Team
Individuals working as virtual bookkeepers not only spend time on performing bookkeeping tasks but they also regularly compete for new business. It also means that they are aware of the inner workings of the business and they would continuously improve their skills in order to remain competitive. They also have to constantly add to their knowledge and follow the best practices which means you will benefit from their ever increasing knowledge and best practices.
Access to Latest Tools
If you hire a new person at your company, you will also need to invest in the latest technology and tools in order to allow them to do their work. On the other hand, a virtual bookkeeper is responsible for keeping the software up-to-date. In short, there is one less thing for you to worry about when it comes to running your business.
More Time for Your Core Business
One of the biggest advantages of hiring someone remotely is that you get time to focus on your core business when someone else takes care of the books. When you know that someone you can trust is taking care of the bookkeeping, you will have the necessary peace of mind to give 100% to your business. You don’t have to worry about access to the latest financial reports. Needless to say, you need access to accurate and latest financial records in order to make informed decisions.
Get Access to an Experienced Team
When you hire the services of a traditional bookkeeper, you also have the challenge of finding someone who is the right fit. You do not want to overpay for a senior person but you still want to hire someone who is able to take care of all the important and necessary tasks as your business grows. On the other hand, when you hire the services of a virtual team, you will get help from individuals with expertise in different areas and different levels of experience, and in this manner, they can help you find the right team members for that particular task you need to be done.
When you hire the services of a virtual beekeeper, you can rest assured about their availability and accessibility. They typically do not have fixed office hours but they are usually available for customer support at all times.
Remote virtual bookkeeping services aren’t meant for everyone. However, they can be of great help in several situations. If you are still concerned about hiring the services of a virtual bookkeeper for your business, call us today for a consultation. One of our Business Development Specialists will help you figure out whether a virtual bookkeeper is the right choice for your business.