What are the benefits of Virtual Bookkeepers?

Businesses are now considering virtual bookkeeping services due to the rapid technological advancements. A virtual bookkeeper allows an accountant to remotely provide accounting services to a client. As companies look for creative ways to balance staffing and workload, telecommuting is becoming more popular. Telecommuting allows accountants to work remotely instead of in an office. Virtual bookkeepers use accounting software for financial transactions, reviewing and updating statements, and reconciling accounts. This arrangement is both cost-effective and flexible for the accountant and firm.

The company gives remote access to the server, financial documents, and software to the accountant in order for virtual bookkeeping. After signing on to the company’s secure network, the accountant can access the documents from his home computer. Then the bookkeeping software is installed on his home computer. Both the buyer and the seller can register the software. However, both must use the exact same version and program to ensure that files are transferred and communicated properly. Independent service providers are accountants who invoice the company for the services rendered. The client must pay the invoice in accordance with the contractor payment policy.

While remote bookkeeping may seem impossible for some businesses, it is a foreign concept to them. This idea is attractive to businesses that are open to it. These are the important benefits:

Cost savings: Virtual Bookkeeper can help businesses save significant money compared to hiring in-house accountants. Remote bookkeepers will be able to offer part-time services to meet business requirements. Contract employees will not be required to pay payroll taxes, vacation time, or other benefits. Remote bookkeepers can be qualified and offer affordable services. This means that they need to have clients to make a living. A well-established bookkeeping company will have many clients, years of experience, and a skilled team of bookkeepers. A business can not only save money, but it will also have an efficient team that can help them run its business.
Flexibility: Remote bookkeepers can be flexible about their work hours. Although they don’t have a set office time, they offer customer support. They are available to the company at their convenience. They work according to the company’s preferred times. The client also gets a team, not one, of bookkeepers. To ensure that the business runs smoothly, a second member can step in if a member of the team becomes ill.
Data backup:
A virtual bookkeeper is responsible for keeping data safe and accessible. Cloud hosting is used to ensure data is accessible, protected, and backed up for all company members. Accounting will take over the responsibility of backing up data.
Focus: Virtual bookkeeping services offer the greatest benefit. The heads can focus on core business areas and leave the bookkeeping to someone else. They’ll have access to accurate and up-to-date financial reports whenever they need them. These financial statements can be used to assist in key business decisions.

Become a Virtual Bookkeeping Expert

Quickly, I realized that QuickBooks Online was the market leader. I decided to start a virtual bookkeeping company on this platform. QuickBooks Online was not well-known among bookkeepers even though it was over ten years old. The program didn’t come with any training or certification. My first client recommended QuickBooks Online to me and it has been the platform that I have used for my bookkeeping business since then.

1. Pick a Bookkeeping Package

QuickBooks Online supports my virtual bookkeeping, as I already mentioned. Since I first started using the program, I have loved it. There are many other options. You can research them all to find the right fit for you. Although you can support many programs, I chose to specialize in one. I have been able to streamline my bookkeeping business and become more efficient in supporting my clients.

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2. Train, Train, and Train

After you have chosen the bookkeeping software you want to use, you can start training in it. I assume you already have the necessary bookkeeping knowledge to open a virtual bookkeeping company. However, that does not mean that you know the software. They are quite different.

QuickBooks Online ProAdvisor certification is available for those who use QuickBooks Online. The Intuit ProAdvisor Program is completely free and offers a lot of great resources, including training! Two big benefits are apparent when you become certified in QuickBooks Online. 1) You are able to use the software program efficiently and effectively. (2) After becoming certified, you can be listed on the Find a ProAdvisor site. This could allow you to start receiving bookkeeping leads.

3. Join Online Communities

There are many Facebook groups, LinkedIn and Slack groups that you can join to make connections with other virtual bookkeepers. My private Facebook group is Create Your Best QBO Practice. My goal was to create an online community of bookkeepers that would support one another and allow them to build a QBO Bookkeeping Business that suits their goals and personalities. Although it is a very supportive group, it is not the only one. Search for your bookkeeping software on these platforms to find support communities you can use when you need it.

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