Outsourcing has become mainstream. Many businesses outsource jobs that do not directly relate to their core activites. Most companies would agree that accounting falls within this category. Virtual bookkeeping is one of the newest trends. Virtual bookkeeping allows qualified accountants to offer their services remotely. Businesses across the United States are taking advantage of this efficient, flexible, and cost-effective accounting option so that they can meet their business goals by focusing on their core business activities.
What is Virtual Bookkeeping?
Virtual accounting is a system in which a qualified professional provides accounting services virtually, rather than physically working at the client’s office. Virtual accounting offers all of the same benefits of hiring an accountant for your business, but because the accountant telecommutes and is a contractor, the cost is often less expensive. These services allow for more flexibility for the business and the accounting professional.
How Virtual Accounting Can Help Your Business?
Virtual accounting services allow companies to handle all of their accounting needs via a qualified accounting professional without having to hire another full-time staff member. This helps cut costs by ensuring that businesses only pay for the accounting work they need. This is a great accounting solution for small businesses who need help with their accounting but do not have the budget for another full-time employee.
Virtual accounting services are also a great option for larger companies who have an accounting department but need extra assistance. Virtual accounting professionals can easily integrate into the existing department and provide assistance as long as they are needed. This offers a unique blended solution for those businesses who need extra help, but are not yet ready to hire additional accounting staff.
Virtual accounting services are also a great option for larger companies who have an accounting department but need extra assistance. Virtual accounting professionals can easily integrate into the existing department and provide assistance as long as they are needed. This offers a unique blended solution for those businesses who need extra help, but are not yet ready to hire additional accounting staff.
Traditional Accounting
Less Cost Effective
If you hire a bookkeeper how much would it cost?
20 Hours per week at $12.00 per hour is $11,520.00 per year.
Software costs: Quickbooks Online per year is $720.00
Total Costs per year for a small business is $12,120.00 per year.
If you hire a bookkeeper how much would it cost?
20 Hours per week at $12.00 per hour is $11,520.00 per year.
Software costs: Quickbooks Online per year is $720.00
Total Costs per year for a small business is $12,120.00 per year.
Virtual Accounting
Cost Effective
If you hire Your Accounting Service Virtual Accounting how much would it cost?
Annual Cost of between $3,228 to $7,788 per year.
Software costs: Quickbooks Online included
Total Costs per year for a small to medium sized business is $3,228 to $7,788 per year.
Total Cost Savings from hiring a bookkeeper to virtual bookkeeping is between $4,332 and $8,892
If you hire Your Accounting Service Virtual Accounting how much would it cost?
Annual Cost of between $3,228 to $7,788 per year.
Software costs: Quickbooks Online included
Total Costs per year for a small to medium sized business is $3,228 to $7,788 per year.
Total Cost Savings from hiring a bookkeeper to virtual bookkeeping is between $4,332 and $8,892