If you’ve made it to this blog, I’m sure you’ve heard of virtual accounting services. It’s a growing trend and is often an ideal solution for small and growing businesses who have reached the point at which they’ve outgrown “DIY accounting”. There are numerous advantages to outsourcing to a virtual accountant. Here are some of the reasons that it will make your life easier.
1. Experts available when you need them
If you’re going to manage accounting in-house, unless you’re ready to bring on a full accounting department, you’re probably going to start with a part-time bookkeeper who comes in a few days a month at most. But what happens on the other days, when an accounting question pops up? Depending on the timing, and the bookkeeper’s schedule, it could be days if not a week or more until they’re in again. Your virtual accountant will have a team on hand who are always available when you need them, not days later.
2. Anytime, anywhere
What happens if, like many business owners, you’re working late into the night and need to check something in your books? With a virtual accountant, your information is all stored in the cloud, and accessible whenever you have an internet connection. You’ll also be able to access your information from anywhere on the globe, should you be traveling on business (or more likely, working on your vacation). Your data will of course be stored on the most secure servers, to keep your sensitive financial information out of the reach of prying eyes.
3. You write the timeline, not us
The nature of your business may require some accounting services to be done on a daily basis, weekly, or monthly. We’ll meet with you to delve into your needs and come up with a solution that will always get the work done on the timeline you need. We’ll work with you to develop a schedule that keeps you on time and compliant, and lock it in with a service agreement that spells out the details of what we’ll provide and when. You won’t be able to get that level of service from a visiting bookkeeper who has to juggle scheduling between numerous clients.
4. Easy access to your accounting team through multiple channels
Most communications with your virtual accountant will be electronic - via email. Of course, if there are questions that require more of a dialogue, we can be reached by phone. We’ll also provide easy and secure ways to transmit your documents to us. We want it to be easy for you to reach us when you need us.
5. Cutting edge accounting software that’s there for you
There’s no shortage of excellent software to support your accounting needs, but it’s time-consuming and confusing to try to figure out which is the best for your needs. And then you need to keep it current by watching for updates and security patches. All of this is a burden on your already overtaxed schedule. We do nothing but accounting, and do all the research for you. When you hire us as to provide virtual accounting services, part of what you get is the benefit of the best technology currently available.