Owning and operating a business or company takes a lot of time, energy, and effort to succeed.
It’s no surprise that less than a third of businesses make it to the 10-year mark, according to an article in Forbes.
There are dozens of reasons why this is the case, but…
The main reason, and usually the most volatile, is cash flow.
Businesses and companies manage customers, employees, vendors, contractors, and more to keep the doors open and operations going smoothly.
In any case, bookkeeping and accounting services can be tedious, mundane, and downright time-consuming for an owner or executive.
This is why it helps to outsource your bookkeeping and accounting needs to a Master Bookkeeper & Expert Accountant like me.
I’ll be your outsourced bookkeeping and accounting department for a third of the cost.
Before you go and hire a professional, here’s what you need to know about local virtual bookkeeping and accounting services.
Local Virtual Bookkeeping: The Difference
Similar to in-house bookkeepers and accountants, your virtual bookkeeper and accountant manage the day-to-day financial tasks like recording transactions, reconciling bank and credit card accounts, and processing payroll.
Here’s the main difference:
Your traditional bookkeeper needs to be present in your workplace to take care of all the responsibilities (and more) listed above. Whereas, a virtual, outsourced bookkeeper handles everything remotely or online. These are called remote or online bookkeepers and accountants.
As with anything, make sure the virtual bookkeeper you’re hiring is reliable, accurate, timely, and comprehensive with their work. One way to determine this is to look at their reviews online, ask to speak with existing or prior clients and get an analysis of your books. All of this is to make sure you can trust the virtual bookkeeper.
What’s more, outsourced bookkeeping and accounting services offer more flexibility, providing services part-time, full-time, by project, on retainer, and more.
Local Virtual Bookkeeper & Accountant Benefits
When you choose to work with a virtual bookkeeper and accountant, you gain benefits otherwise missed with an in-house or non-existent professional.
Here are some local virtual bookkeeper and accountant benefits:
Up-to-Date Books in Real-Time
Virtual bookkeepers can deliver their reports digitally, which means you can see exactly where your financials stand in real-time without waiting for your bank, vendors, contractors, or HR to deliver.
Accurate, Spot-On Financial Reporting
Digital software and tech allow for bookkeepers and accountants to spend fewer hours on manual data entry and more on pattern recognition and planning. This means you’re getting more brain power invested in how to keep, spend, and invest your money. This leads to more visibility into your financials and helps inform decisions as you’re making them, not after the fact.
Your outsourced bookkeeper and accounting department are allowed more flexibility, which also means you get your reports weekly, monthly, quarterly, or whenever you like without the office politics of an in-house professional.
Virtual bookkeeping and accounting services cost less, which means you’re getting top-rated services for fewer dollars spent. This allows you to find the professional that fits your budget, needs and wants.
More Time to Grow Your Business
A bookkeeper and accountant will give you time, effort, and energy back so you can invest those resources in growing your business.
How Do I Hire a Master Bookkeeper & Expert Accountant?
All you have to do is click on one of the FREE Financial Analysis buttons here on this page. Fill out the form. And I’ll get back to you as soon as possible with the next steps.
There’s no better way to invest in your business or company than to bring your books current, get cash flow back on track, and know exactly where your business stands financially.
Let me help! Call me, now!