If your business experiences seasonal fluctuations, you can cut back on the hours. If you have a project, you can quickly scale up with more hours. You are able to use the services you require as needed (and pay for only what’s needed). When you work with a virtual bookkeeping provider, there is more flexibility than you get with a full-time bookkeeper onsite. Plus, you don’t need to provide office space, computers, a cell phone, or pay for office supplies for your virtual bookkeeper. When you hire virtual bookkeeping services, you typically contract someone or a team with more experience than you’d be able to afford to hire as a full-time, on-site bookkeeper. First, small- to medium-sized businesses, startups, and non-profit entities all reach a point when it’s no longer sustainable to have someone who is not a bookkeeper in charge of the books. What’s the benefit of outsourcing to a virtual bookkeeper? Everything will be ready for your Virtual CFO to analyze or for your tax accountant to review at year-end. Once all of the financial transactions are posted, a virtual bookkeeper will review and update statements and reconcile accounts. Not only is virtual bookkeeping secure, it’s fast and easy! It works well for businesses anywhere across Canada. We have certifications in QBO, SOS Inventory, Float, and Spotlight reporting. Some of the many Apps that we have experience with include the TSheets (time tracking and scheduling app), Receipt Bank (document management app), SOS Inventory (inventory management and item assembly app), A2X (e-Commerce app that transfers transactions from Shopify and Amazon), and a few different KPI/Metrics apps. If you’re not yet accounting in the cloud, don’t worry! We have helped other businesses successfully transition to cloud-based accounting programs. Our team members are also very experienced using various cloud accounting software, including Quickbooks Online and other major accounting software apps. In this way, a virtual bookkeeper receives the required documentation to process timely and accurate transactions. That’s not all! Businesses can have other important financial transactions like phone bills or online subscriptions “auto-fetched” in these apps, so our bookkeepers can access these documents directly from the vendors. Our preferred app is Receipt Bank, but we do work with businesses that use other apps such as Hubdoc. How does remote bookkeeping work exactly?Īt Finatics, we use secure electronic document management applications so that our bookkeepers can receive a scanned copy or photograph of any receipt or invoice from the companies that contract our services. The big difference is that a virtual bookkeeper (thanks to the technology available to us nowadays!) works remotely. Just like an in-house bookkeeper, a virtual bookkeeper will diligently record the day-to-day transactions for your business - things such as bills, payments, invoices, deposits, and bank transfers. It might be time to consider virtual bookkeeping! Be honest: Do you end up racing to catch up on bookkeeping at the end of the month (or at the end of the fiscal year) because you’ve been so busy doing other business-related things?
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