Virtual Bookkeeping: The New Standard
If you’re like most entrepreneurs, you didn’t start a business to track cash flow or reconcile accounts. You are much too busy to get into the minutiae of your balance sheet.
Yet you need accurate financial information to make smart business decisions. And you need your financial records in order, to pay your taxes, if you get audited, and in case you want to apply for a loan.
Virtual bookkeeping companies take the daily chore of tracking financial transactions off your “to-do” list–freeing you up to focus on your business, while providing accurate, up-to-date reports like clockwork.
Virtual bookkeeping services mean the end of embarrassing boxes of receipts, and the worry of getting audited.
How We Work
BookWerksTM, your virtual bookkeeping firm based in Cincinnati, OH, works like a regular bookkeeper, except you don’t have to leave your office to consult with us. Cloud-based accounting software such as XERO and QuickBooks make it possible for us to post your financial transactions, review and update your statements, reconcile your accounts and perform other vital functions without having to see you in person.
A reputable bookkeeper providing virtual services will spend as much or more time as any traditional competitor getting to know you and your business, determining the services you need, offering a fair flat-rate fee for your situation, and supporting your growth.
So what’s different?
Not much, actually, if your virtual financial record-keeping partner is doing their job right. Ones to stay away from offshore the work to less-qualified individuals and don’t provide much or anything in the way of personal support. You might never even talk on the phone with your bookkeeper. If you have questions, good luck.
Some of these firms offer fantastic prices, but beware. If they don’t charge competitive rates for the area in which they are located, they are probably not providing a comparable level of service.
How to Avoid Getting Scammed
In choosing any professional service, you want to be careful. Make sure the company offering virtual bookkeeping has a sound reputation, good reviews, and will provide references. Check their professional credentials. Best case scenario, get a referral from someone you trust.
Services Every Bookkeeper Should Provide
Make sure the firm can meet your needs, providing an Income Statement, Balance Sheet and Cash Flow Statement weekly or monthly, at a minimum.
They should also:
- Manage accounts receivable and payable
- Post debits and credits
- Monitor your debt levels and apply payments to debts that come up for payment
- Reconcile your bank and credit card accounts every month
- Provide accurate financial statements at tax time
- Report on issues and variances that come up
The best virtual firm is not the one with the most services, or the largest “staff,” but the one that can meet your needs within your budget. When you contract with BookWerksTM, you get superior service at friendly Midwest pricing.
Make sure you talk with the owner before you make a commitment, and get all your questions answered. Find out if you can opt out at the end of any month, as you can with us.
Finding the Best Virtual Bookkeeper in Cincinnati
With BookWerksTM, you get the advantages of a local resource, along with the convenience of virtual bookkeeping services.
We serve a wide range of clients:
- dentists
- veterinarians
- graphic designers
- wealth management companies
- landscapers
- restauranteurs
- boutique owners and
- many other types of small businesses.
Our staff is large enough to include at least one professional who has experience in your field.
For virtual bookkeeping that is always accurate, up-to-date and available to you in the cloud at any time, call the firm so many local entrepreneurs trust: BookwerksTM.