Tips for better virtual bookkeeping
A virtual bookkeeper is an expert professional who knows best how to take care of your business\’s money and has the experience to prove it.
What is virtual bookkeeping?
A virtual bookkeeper handles your books of accounts remotely. You can have access to your business information anytime and anywhere through cloud-based software. You can communicate anytime without compromising your time and space. They are like any individual bookkeepers belonging to your company or any accounting firm hired, but the difference in the kind of service one gets we things are done remotely. They classify your transactions and prepare financial statements for your business.
How virtual bookkeepers are different from the local bookkeepers?
Traditionally a company must hire a bookkeeping staff or outsource a bookkeeper from an accounting firm and then they were given accounting records of each month for categorizing and passing entries in your books of accounts. Though they use accounting software for delivering the work, still lose to the service of a virtual bookkeeper.
That’s why many businesses are now opting for virtual bookkeeping services.
Virtual bookkeepers vs Local bookkeepers.
- Paperwork: While working with local bookkeepers, you deal with a lot of paperwork such as receipts, payments, bills, etc. to deliver them, but since virtual bookkeepers are serving remotely you need to either take a snap or scan the copy of the necessary documents.
- Mobile access: Your bookkeeper may not use software that is mobile-friendly so, you cannot have access through your mobile phones, a Service provider like Penthers Accounting have a mobile app that lets you access the records at any time.
- Online business accounts experience: Not every local bookkeeper is versed in online business such as e-commerce or services like PayPal and not a solution to all industries, but Virtual bookkeepers are experienced and well-versed with bookkeeping as they provide a tailored solution.
- Tax preparation: Local bookkeeping won’t assist you in tax fillings, Virtual bookkeepers like Penthers Accounting can assist you with different compliance and tax fillings processes.
- Cost-effective: We might think to outsource a local bookkeeper or virtual bookkeeper for US-based business in the US only, but that would cost you too high, our cost is only $US 10 per hour plus you get a free 6 Hour trial service.
Software
Most freelancer bookkeepers and local bookkeepers use software that you may not be familiar with, you have to get familiar to check your accounts. But with us, we can don’t spare time for such things as we use software like Xero, and QuickBooks with customized apps to make it client-friendly.
There is no denying that bookkeeping is one of the essential activities for any of the businesses. It keeps all the financial information regarding your business in a very proper format. If you have a business in the US, then you have to be very particular regarding your commercial recording. Bookkeeping helps to know the actual financial health of the company in a very structured way. Maintaining the bookkeeping of the business becomes quite a time-consuming task for small and medium businesses. They need to put effort and resources to maintain bookkeeping for their business.
Virtual bookkeeping for US-based business
Several businesses in the US are shaken heavily because of the high volatility in the market. Small and medium-sized businesses find it challenging to sustain these situations. They usually end up making massive losses, so it is significant for the businesses here to concentrate dedicatedly on the growth of their business. Some businesses handle their bookkeeping activities in-house. However, in-house bookkeeping handling leads to taking a lot of time and resources. also chances of inefficiency in the quality of the bookkeeping service provided. Here, outsourcing the bookkeeping work to a third-party organization can lead to lots of benefits for the business.
Here are some benefits of outsourcing bookkeeping services to a third-party agency:
- Managing all activities under one roof There are a lot of financial activities in the businesses like Accounts Payable, Accounts Receivable, Bank reconciliation, the payroll of the employees, tax payable, etc. which has to be recorded properly in bookkeeping. A third party will maintain all these records properly for your business. Thus, businesses get much relief from all these important daily activities.
- Saves space and cost Maintaining the bookkeeping activities would need extra staff for handling all the bookkeeping activities. Also, hiring these staff would need space in the organization, and they even need to be paid. Bookkeeping work to a third party will help the business by saving space as well as extra money for their staff.
- Quality service The third party specializes in maintaining the bookkeeping activities of several businesses as they have expertly qualified people for maintaining the bookkeeping activity. They will also provide better quality bookkeeping services to your business where you can get the proper insight regarding your business. They have a standard format of high-quality reports as per the need of the business.
- Foster business growth Delegating the bookkeeping work to a third-party agency can relieve business owners from bookkeeping activities. This will help them to concentrate more on growing the business and exploring new opportunities. This will help to increase the business revenue to a greater extent.
Penthers Accounting is one such agency that provides Bookkeeping services for the US business. They have good experience in handling the bookkeeping activities of different US businesses. They also have some high standard quality for providing bookkeeping services. Penthers Accounting has always given quality bookkeeping services to all its clients.
Penthers Accounting virtual bookkeeping services
- Professional and Experienced bookkeeping team.
- Tax filing assistance and compliance with different tax laws.
- Payroll, invoicing, sales tax, federal tax, and tax add-ons.
At Penthers accounting professional bookkeepers prepare book accounts by automatically importing all your business transactions and classifying and summarizing the business information to provide monthly, quarterly, and yearly end financial statements.
We make sure that the reports are understandable and concise, so our clients can get a clear picture of the financial health of their business.
5 Benefits of our bookkeeping service
If you own a small business, keeping up-to-date financial records is essential for your success. You should update your books as often as you can. Here are five benefits of our bookkeeping service.
At Penthers, we make you the center of everything we do. Our focus is on supporting businesses, like yours, to improve productivity, increase their profits, grow sustainably, and find more time to do the things they want to do.
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