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Posted by: Charles P Myrick CPA Posted on: Jan 19 2016 Posted in: bookkeeping services, small business

Virtual Bookkeeping and Small Business Success: What's the Connection?

The lack of robust accounting systems is one of the primary reasons that small businesses fail. Bookkeeping can be a thorn in every business owner’s side, and many companies are now turning to virtual bookkeeping services. Here are some the advantages they find: 

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 Monthly Accounting Services. 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 is 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.

Download our Free Guide to Cashflow Management for Businesses


 

Are you interested in virtual bookkeeping for your small business? Contact us today to learn more about all the virtual accounting services offered by Washington DC small business accounting firm, Charles P Myrick CPA.  (202) 789-8898

 

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