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Posted by: Charles P Myrick CPA Posted on: Sep 20 2016 Posted in: bookkeeping services, outsourcing accounting services

What is Virtual Bookkeeping and What Can It Do for My Business?

Bookkeeping can be a thorn in every business owner’s side, especially if the business doesn’t have a good system in place. Many companies are turning to virtual bookkeeping services, and it is easy to see why this trend is gaining in popularity. Here are some advantages: 

1. Virtual Bookkeeping is Affordable. Gone are the days when you have to pay for travel costs to have an accountant visit your office. Now, everything can be handled online, and you can work with a bookkeeper located anywhere in the country!

2. Communication is Easy with a Virtual Bookkeeper. Even if you can’t talk in person, there are many ways that you can have a good conversation with the person who is managing your books. Use tools such as Skype or FaceTime for face-to-face calls, or you can schedule phone calls or coordinate projects via email.

3. You Will Learn to Use the Right Tools. Your virtual bookkeeper will likely make suggestions about the tools that you should be using for your business finances. Download the apps, use the tools, and follow their instructions. Your bookkeeper is trying to make your life easier!

4. There are Advantages to a Monthly Bookkeeping Service. Hiring an accountant once a year to handle the taxes is helpful, but it is more beneficial to have that accounting service available throughout the rest of the year. Ongoing financial support makes it easier for you to cut expenses and maximize revenue.

5. The Right System will Reduce Long-Term Financial Stress. If you don’t have a good financial system in place, then you are likely experiencing unneeded stress. Setup a strong foundation with a good financial system, and it makes your business much easier to manage on an ongoing basis.

6. A Trial Run will Help You Determine if Virtual Bookkeeping Services are Right for You. Just because you are interested in virtual bookkeeping, doesn’t mean that you will be forever tied into a monthly contract. Talk with your accountant and ask about a trial service for several months, and then you can re-evaluate to see how much you are benefitting from the service.

7. Choose Top Talent, Without Being Constrained By Location. Finding a local bookkeeper can be limiting, especially if there aren’t many options available in your local area. On the other hand, hiring a virtual bookkeeper will open many doors of opportunity, because you can select the best person for the job without worrying about physical location.

 


For accurate record-keeping and reporting, cash flow management, and support on initial accounting setup, contact Charles P Myrick, CPA. Recognized as one of Washington DC’s top accounting firms for small businesses, we can help set up the virtual bookkeeping service that will move your small business to success. (202) 789-8898 

 

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