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.
Outsourced virtual bookkeeping companies, take the daily chore of bookkeeping off your “to-do” list–freeing you up to focus on your business, while providing accurate, up-to-date reports when you need them.
Using a virtual bookkeeping service means the end of embarrassing boxes of receipts, and the worry of getting audited.
How We Work
A virtual bookkeeper works like a regular bookkeeper, except you don’t have to leave your office to work 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 be with you in person.
A good virtual bookkeeper like BookWerksTM will spend just as much time as any other bookkeeper 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 the virtual firm is doing their job right. A bad one offshores the work to less-qualified individuals and doesn’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 your area, 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 firm has a sound reputation, good reviews, and will provide references. Check their professional credentials. Best case scenario, get a referral from someone you trust.
Make sure the bookkeeping firm can meet your needs, providing The Income Statement, The Balance Sheet and a Cash Flow Statement.
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
- Provide e-commerce support if needed
- 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.
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 BookWerksTM.
Finding the Best Virtual Bookkeeper in Cincinnati
With BookwerksTM, you get the advantages of a local resource, along with the convenience of a virtual bookkeeping service. Even if you are not located in this area, you still get the benefit of our friendly Midwestern personalities and pricing!
We serve dentists, veterinarians, graphic designers, 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 outsourced bookkeeping that is always accurate, up-to-date and available to you on a moment’s notice, call the firm so many local entrepreneurs trust: BookwerksTM.