Top 5 Benefits of Hiring a Virtual Bookkeeper
Do you dread doing the bookkeeping part of your business? Are you in need of bookkeeping help, but you don’t want to spend the money to hire an on-site accountant? Are you doing the bookkeeping yourself, but feel like you are spending hours on it with little time to focus on anything else?
If you said yes to any of these questions, this post is for you!
What is a virtual bookkeeper?
A virtual bookkeeper is someone who provides bookkeeping services from a remote location. Services are performed outside of your business from the bookkeeper’s home or office.
You might be wondering- how does communication work if the bookkeeper is not at the business? The answer is easy– consultations and monthly review meetings can be in person or scheduled through a video chat, while minor communication can be used through email or phone calls. This saves you money and valuable space at your business!
For my services, I use Google Drive for my clients’ receipt management, bank statement uploads, and any necessary documents. I also use Google Sheets to update any coding questions I have for the client. The client simply fills out one column a month to explain purchases. If you are reading this, and thinking, I don’t know how to use google drive or google sheets– don’t worry! It’s a simple process that I can walk you through quickly.
There are five main advantages to outsourcing when compared to hiring an on-site bookkeeper:
1. Save Money on Overhead Costs
This is employee payroll, payroll taxes, employee benefits and insurance, office desk, office supplies, etc. With a virtual bookkeeper, you only pay for your accounting software and payroll system if you have employees, and a service fee to your bookkeeper. That’s it!
2. Unbiased Opinion
It’s smart to have someone from the outside with an unbiased opinion that can offer a fresh perspective to your financials. This can help catch any unintentional errors or mistakes in your current software.
3. Get Your Money’s Worth
Get your money’s worth by hiring a professional bookkeeper who’s certified and trained, instead of hiring someone on-site and full-time who may not be experienced. I happen to come with a BS in accounting and an MBA– plus, I’m certified as a QuickBooks Pro- Advisor!
4. Get Started Immediately
If your business is in desperate need of getting caught up, there is no need for recruitment costs and a hiring process. By hiring someone virtual, you can get started as early as the day you contact them to book your consultation.
5. More Time On Your Hands!
Now that you’ve outsourced your bookkeeping, you’ve got more time on your hands to pursue what you’re passionate about and spend time focusing on growing your business. Plus, you have a peace of mind knowing that your books are being kept correctly, resting in the fact that you will be fully prepared for tax season!