Poor financial management is the number one reason businesses fail. Bookkeeping and accounting are absolutely essential for every business, and in today’s modern world, your bookkeeper and accountant could be on the other side of the country. Virtual bookkeeping is an extremely convenient, cost effective way for small businesses to get their books done. Having a bookkeeper let’s you, the business owner, focus more on your work and less on maintaining your books.
A virtual bookkeeper uses computerized bookkeeping software to post financial transactions, review and update statements and reconcile accounts. The business grants the bookkeeper access to the company’s server, software, and financial documents. The bookkeeper is then able to sign into the company’s secure network remotely (chron).
Pros of Virtual Bookkeeping
Virtual bookkeeping is a win-win for the employer and the bookkeeper. Some of the major benefits to the employer include:
- Convenience
- Cost Savings
- Flexibility
- Larger Candidate Pool
The employer benefits as virtual bookkeepers do not require office space, supplies, or even benefits if the bookkeepers are contractors. This can be a huge cost savings. In addition, virtual bookkeepers can work as little or as much as needed providing great flexibility that is able to meet the needs of the business.
In addition, hiring virtual bookkeepers gives employers access to a larger candidate pool, allowing them to hire the best of the best from across the country or even the world! The best bookkeepers mean the best service for clients!
In addition, there are many great benefits for the bookkeeper. Accountants and bookkeepers who work virtually have schedule flexibility, cost savings, and better work-life balance. No more commuting through rush hour traffic, eating out for lunch, or coming home to a dirty house after a long day of work. Moreover, remote employees in general are often more productive and happier in the long run allowing them to provide top notch service to their employer and the company’s’ clients.
Online Bookkeeping Services
There are tons of online bookkeeping services to help you keep your books balanced, payroll on track, taxes in check, and your financial strategy optimized. Steadfast makes all of this super simple. Something every single business wants to hear!
Steadfast Bookkeeping
Steadfast Bookkeeping offers virtual services to help creative business owners manage their bookkeeping and accounting. Services include:
- Weekly income and expense categorizing
- Monthly account reconciliations
- Track and remit sales tax
- Monthly financial statements
- Payroll submission and tax filings
- Quickbooks online monthly subscription
Steadfast Bookkeeping works with each client to create a customized plan that works for their unique, creative business. If you are interested in working with a virtual bookkeeper, follow the link below to schedule a consultation call with us.
It’s great that you talked about how hiring virtual bookkeepers gives employers access to a larger candidate pool. I went to a business convention last month and I saw quite a lot of modern tools that businesses use nowadays. One of them was online bookkeeping, which looked quite convenient to use.