Virtual bookkeeping involves keeping books remotely. Just like traditional bookkeepers, virtual bookkeepers assist their clients with day-to-day financial tasks such as reconciling bank statements, recording transactions, and processing payroll.
Here are some compelling reasons to consider virtual bookkeeping services.
Virtual Bookkeeping Can Help You Save Money
A virtual bookkeeping service can save you money and headaches down the road. The cost of hiring a full-time bookkeeper can be a few thousand dollars. Plus, you must offer benefits to a full-time bookkeeper.
When you hire a virtual bookkeeper, you do not need to pay them benefits. Also, a virtual bookkeeper uses their resources instead of client resources, which means more cost-saving opportunities for businesses.
A Virtual Bookkeeper Can Save You Time
Bookkeeping tasks are tedious and time-consuming. If you decide to keep your books yourself, your team may have to deal with too many additional bookkeeping tasks on top of your job tasks. When your employees get bombarded with to-dos, they may feel overwhelmed at work and may struggle to make time for other important tasks.
Hiring a virtual bookkeeper is a great way to ease the burden on your team. A virtual bookkeeper manages everyday bookkeeping tasks, allowing your team to focus on their most important tasks.
A Virtual Bookkeeping Service Can Help You Avoid Costly Bookkeeping Mistakes
A bookkeeping mistake can have a huge domino effect and lead to long-term consequences. It can result in compliance issues, which, in turn, can attract hefty penalties.
An experienced virtual bookkeeper can update your books accurately in real-time.
Updated books provide an objective, accurate picture of a company’s financial state. They can help avoid costly mistakes and pave the way for better decision-making.
Virtual Bookkeeping Mitigates Fraud Risk
Financial fraud can be devastating. The actual cost of financial fraud can exceed hundreds of thousands of dollars, even millions of dollars. Financial fraud can also make quite a dent in a company’s reputation.
A virtual bookkeeper can help prevent financial fraud. Virtual bookkeepers cross-check bMeooks multiple times. A reputable virtual bookkeeper with their client’s best interests at heart raises a red flag as soon as they notice a discrepancy.
By alerting their client early, a virtual bookkeeper can help prevent a scam that can deliver a devastating blow to the business. When it comes to keeping books, every detail matters. An experienced virtual bookkeeper does not miss any detail and has the expertise required to conduct an in-depth analysis of financial statements.
A Virtual Bookkeeper Can Help You Be Tax-Ready
A virtual bookkeeper can help ensure your books are current and accurate. Virtual bookkeepers keep their clients’ books updated so they do not have to scramble at the last moment to prepare and file their tax returns. They work with their clients’ accountants in Sonoma County to identify tax-saving opportunities.
Virtual Jeannie Bookkeeping Services is a reliable bookkeeping firm in Sonoma County. We have years of experience developing customized bookkeeping solutions for our clients. To learn more, call (707)664-1425.