How Virtual Bookkeeping Services Benefit Your Business
When done correctly, virtual bookkeeping services can greatly benefit your small business, providing you with an accurate depiction of your financial performance that can be used to track your financial goals for improved confidence and better decision making.
On the other hand, when it is done incorrectly, it can quickly become your worst nightmare as miskept records lead to confusion regarding your financial performance, which can not only cause you to make misinformed decisions but also cause you to report misleading information when completing your filings that can lead to costly fees, penalties, and fines, as well as valuable time and perhaps even more costs to correct the mess. Therefore, it pays to ensure your financial records are sound for added peace of mind while carrying out your day-to-day business operations.
However, not everyone has the time or the patience, not to mention the knowledge, to manage their books in a professional manner or according to governing rules and regulations, which is where virtual bookkeeping services can help. Not only do our professionals have the time and patience to oversee your books, but we also have years of experience to ensure your books are done accurately and according to compliance.
Some ways our virtual bookkeeping service ensures your books are compliant include:
Compliant Accounting/Bookkeeping Services
When completing accounting and bookkeeping for your small business, it is important to ensure it is done in regards to federal rules and regulations to ensure proper reporting with the appropriate agencies, especially if you are a publicly-traded company that is obligated to supply shareholders, as well as regulating authorities, detailed information regarding its accounts. However, it is also needed for proper tax filing with the IRS.
Therefore, it must be taken seriously and not like just another task you’ll get around to when you need it or that you can quickly get out the way just to satisfy a requirement.
Our online bookkeeper is not only passionate about what they do and can, therefore, happily provide the bookkeeping and accounting services you need, which can save you from the dreaded task of doing it yourself, but they are also highly trained and experienced in federal standards, so your books are done in accordance to regulations for greater assurance and proper filing.
Regularly Updated Books
Regularly updated books helps ensure your records are always kept accurate, so they remain in compliance and are ready to go at a moment’s notice, which means they are always available for making sound business decisions, such as planning and budgeting, so you remain on schedule.
As part of outsource bookkeeping service, your books are evaluated and updated on a monthly basis to always reflect the current state of your financials. This means, anytime you want, you can access your books to view your progress, such as which months have been completed as well as which months are still being worked on.
We also complete a year-end review of your books to ensure they are current, so they are ready for the tax season.
Simply access our easy-to-use app to check the status of your books whenever you want.
In order to make sense of your financials, especially when assessing your financial situation, you need accurately prepared books that provide you with the most error-free and up to date snapshot of your financial performance.
Once your virtual accountant has completed your books, to further ensure they are done correctly and according to government specifications, we take it one step further and have them reviewed by our own experienced in house team of professionals to ensure your books are done to the highest standards for added peace of mind concerning your books.
Professional Tax Advice
Tax time can be a confusing and worrisome time for small businesses with all the filings and deductions to choose from, which, if inappropriately chosen, or simply overlooked altogether, can cost you valuable opportunities that could have benefited your business.
When you are ready to file your taxes, our virtual accountant can provide much-needed tax advice to help ensure you not only file properly but also take advantage of any last-minute tax deductions that can save money for other endeavors, such as growing your business.
Organize Your Current Books
Whether your current books are in disarray, you have all your financial documents but no books, or you have already been penalized for improper filing based on inaccurate bookkeeping, there is no need to fret.
As part of our virtual bookkeeping services, we can also organize your current books and get them up to par to ensure they are updated and compliant from here on out, so you never incur penalties or the threat of penalties in the future.
Professional Support When You Need It
Once you partner with us to manage your books, we don’t just leave you alone and disappear into the abyss. We remain readily available to address any questions or concerns you may have involving your outsource bookkeeping services, so you can rest assured you will always have professional support on hand to when you need it.
Whether you are new to the service and need your online bookkeeper to walk you through the process, or it is tax season and you are plagued with concerns about the current status of your books or questions concerning your filing, you can rest assured your bookkeeper is always on hand to assist you.
In many cases, you may consider enlisting the aid of a professional accountant to help ensure your books are done correctly and according to regulation; however, sometimes, they can charge an hourly fee for their services, which can be overwhelming, not to mention also lead to a costly final cost.
Our virtual bookkeeping service helps make it easier for your small business to receive professional accounting and bookkeeping services, so you have well-organized books that are also compliant, by offering a flat-rate fee for our outsource bookkeeping. This helps eliminate the guesswork and confusion of determining your final cost and also helps you control your cost by enabling you to pay just one flat fee.
Ultimately, a virtual account provides many benefits for small businesses, including helps ensure you have federally compliant books, which helps eliminate penalties and added stress when filing. And we also help make receiving professional accounting/bookkeeping more affordable by using our flat rate.
We also make it easy to outsource your bookkeeping to an online bookkeeper service. Simply contact us via phone or visit our site, and we will connect you to a dedicated bookkeeper who will help you set up your account. They’ll obtain all the information they need to get to know your business and then walk you through you how our service works.
After setting up your account, should you have any questions or concerns regarding your books or our virtual bookkeeping services, you simply contact your bookkeeper via phone or app, and they will respond as quickly as possible, usually within one business day, because we understand how important it is to have a clear understanding of your books, as well as our service, and never want to keep you in the dark or kept waiting for greater trust in our business.
Online Virtual Bookkeeping Services
For professional Portland Online Accounting and Bookkeeping Services at a fraction of the cost of any CPA contact us for all your accounting solutions. Overall, outsourcing your accounting tasks to a bookkeeping company should free up your time so you can concentrate on growing your business. Yes, this type of service does involve costs, but those are probably less than employing a full-time bookkeeper, and you get the benefit of having part-time services with full-time presence.
With accurate accounting in place, you can have peace of mind that any decisions you make will be informed, considered and right for your business. Fill out our quick questionnaire for a free custom consultation or send us a message on Facebook if you have something more specific to ask.