Most entrepreneurs start a business to be their own boss and do what they love. Running a company, though, isn’t all about visionary leadership and big ideas. Being a small business owner includes plenty of drudgery, especially when it comes to keeping track of the books. That’s where virtual bookkeeping comes in.
Virtual bookkeeping at a glance
Virtual bookkeeping, also known as remote bookkeeping, connects small business owners with online bookkeepers who can help keep a business profitable by tracking money in and money out. Using cloud-based accounting solutions and modern collaboration tools like video conferencing, screen share, and chat, virtual bookkeepers can talk business owners through questions and challenges related to their books and keep their records current.
Virtual bookkeepers offer the peace of mind that comes with knowing your books and finances are up to date and organized—without the pressure of hiring an in-house professional. Virtual bookkeeping services are especially attractive to small business owners who need help managing their books but aren’t sure where to start.
Features of virtual bookkeeping:
- Video conferencing, screen share, and chat for coaching and collaboration
- Document sharing of receipts, bank statements, and more
- Custom reports for an overview of your business’ financial health
Is a virtual bookkeeper right for you? Here are three reasons small businesses choose virtual bookkeeping
1. Virtual bookkeeping can keep you ready for tax time
Tax laws are becoming more complex, so small business owners turn to accounting professionals to learn about tax-deductible expenses. From a day-to-day business perspective, virtual bookkeepers can ensure your records are up to date and organized for tax time. This way, you can focus your energy on launching new products and spending time with family and friends—not stressing the IRS.
2. Virtual bookkeeping is trustworthy
Turning over your finances to an accountant or bookkeeper can feel risky at best and downright scary at worst. Your business is your livelihood, after all. You want to be sure you are working with someone ethical, honest, and dependable, which is why vetting and certification are key. The best virtual bookkeeping services will vet, certify, and train their bookkeepers for you, as Intuit does with all QuickBooks Live Bookkeepers, and ensure they have experience in various industries.
3. Connect with bookkeepers wherever work takes you
These days, we live in an on-demand economy and thrive on being connected on the go. Why should bookkeeping be any different? Connecting with a bookkeeper from wherever your work takes you means you get answers when you need them most. Like an in-house bookkeeper, virtual bookkeepers get to know you and the needs of your industry and business. With the right virtual bookkeeping service, you gain a better understanding of your business performance.