Hiring a remote bookkeeper and choosing to outsource different aspects of your back office (including accounting, payroll, and HR) offers many advantages to businesses of all sizes. It eliminates the need for your business to foot the cost of staffing, training, managing and (eventually) replacing in-house bookkeepers, while at the same time ensuring you have access to a trained and experienced professional that understands your particular industry and business details. All of this and you can still expect superior service and live support, and forward-thinking bookkeepers are also in the cloud, ensuring records are paperless, encrypted and available 24/7.This is all amplified if you choose to go with a remote bookkeeping firm, rather than an individual internal employee.
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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.
Technology has enhanced the way businesses run and has elevated the efficiency that accounting can provide. Software makes managing and tracking financial transactions a breeze. With cloud-based tools and extra layers of security, business owners, bookkeepers, managers, partners, and employees can all leverage up-to-date financial information in real time. However, the benefits are best realized by utilizing a number of tools for accounting in conjunction with one another to fully streamline and optimize every process.
Whether you’re working with a remote bookkeeper or have someone internally handling your accounting needs, it’s imperative that as a business owner you’re watching for red flags that could signify trouble ahead.
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.