Business Bookkeeping has progressed by leaps and bounds over the past 10 years. In today’s day and age you can completely eliminate having an in-house bookkeeper and its possible to hire a virtual bookkeeper for a fraction of the cost without having to pay any employment taxes. But what is virtual bookkeeping and the cloud?
A bookkeeper in a traditional sense helps records your business’s day-to-day transactions, assist with accounts payable, accounts receivable, tax budgeting, payroll, budgeting, and reconciliation of your business’s accounts. When you go virtual this opens the doors of possibility that allows you to hire someone from anywhere in the country, heck even the world to help you with your bookwork.
Virtual Bookkeeping on the cloud has many advantages over using traditional bookkeeping methods. First the cost, hiring a virtual bookkeeper can save you thousands a year in bookkeeping expenses. Moving your business’s books over to the cloud allows you to access your books from anywhere with an internet connection. This can be done without bogging your computer with excessive updates that only crash your computer, which in the past with software such as QuickBooks desktop, dealing with your computer crashing after a major update was a regular occurrence. When you hire a virtual bookkeeper be sure to ask how they protect your valuable business’s information? Professional Bookkeeping services such as Blue Water Consulting Inc will only use bank level security at all times to protect your valuable data.
Once you have moved your software to the cloud, the process of automating magic starts to take place. A good Virtual bookkeeper will spend the time to train you on how to effectively use your bookkeeping software, get you set up on your mobile device so that recording expenses is as simple as taking a picture with your cell phone and uploading it to the cloud. All of a sudden your life will become less cluttered with receipts, bills, and statements. Credit card payments and ACH payments suddenly become a cost-effective way to get paid for your work and by offering these services to your clients you will notice that you will start to get paid faster. Who doesn’t like to get paid faster? Invoices can be emailed, printed, or faxed in an instant from anywhere safely!
Keep in mind you, the business owner still remains in control of your money and your business’s books. A virtual bookkeeper is meant to be your partner, and when questions arise often times a simple message will be sent to the owner within the financial software asking for clarification and after the bookkeeper gets a response the information is entered in the software. Boom, instant financial records can be produced for you at any time. No more waiting till the end of the month after your accounts are reconciled.
A good bookkeeper is a partner for your business and your accountant. Keeping up on your day-to-day financials saves you money at tax time, it eliminates mistakes in recording expenses and sales, as well as ensures you always have an accurate financial picture of what is going on within your business. Your tax bill should decrease, as you will have a better understanding of what should be paid in and when. Your accountant will have less work to do preparing your business’s taxes thus you will owe your accountant less money for tax preparation. You, the business owner will have one less thing to worry about and can focus on running your business not fussing over the book work.
Find out how Blue Water Consulting Inc can help your streamline your business’s financial processes. We offer training, software discounts, and full service virtual bookkeeping packages with bank level security. All of our clients enjoy the benefit of a monthly consultation where we go over the results of the past month, and ensure you understand what is happening within your company financially by reviewing the profit and loss statement, balance sheet and the cash flow statement together.
Let us take your business to the next level, we can show you how easy it can be to become more profitable. There’s never been a better time to take your business up to the cloud, and to simply life for yourself by outsourcing your financial documenting to a qualified, highly trained virtual bookkeeper.
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