Traditionally, most businesses used an in-house bookkeeper, however, thanks to advances in technology, the traditional choice may no longer be the best choice for every business. Remote bookkeepers are reliable and widely available, and the technology they use is secure.
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In a previous post, we shared some information about cloud-based accounting, what it is, and its growing usage. Because at KYB we experience first-hand the advantages it offers, we’d like to also share some of the specific benefits businesses can expect when using cloud-based accounting.
The changes that technology has brought to business are pervasive, affecting aspects from how you communicate with vendors, to how customers can pay for goods and services. Technology has also enabled a new way for business owners to handle their accounting: in the cloud.
Technology has changed some many things when it comes to owning and operating a business. Not only is technology now a part of most types of businesses there are some business that operate completely online. The model of starting and operating an online business is different than owning a more traditional ‘brick and mortar’ business in many ways. You may not get up and go to an office every day or interact with your employees face to face when you own an online business. Differences such as these can make it difficult for you to find the right type of help for the professional services your business requires.
In the early days of your small business payroll was probably pretty simple, especially if you were the only employee. But as your business grows the job of payroll becomes more and more time-consuming. Accuracy and timeliness are both crucial to getting payroll out to your employees so there is never a time when you can slack off on this duty. If the task of payroll has become so large that it is keeping you from focusing on the growth and development of your business then it is time to bring in help. A high quality virtual accounting firm is one of the options you have for hiring help with payroll. A virtual accounting firm can help you with a long list of your payroll duties and offers some unique advantages over going the traditional route and hiring an in-house payroll department.