Having a Virtual Assistant Can Save You on Bookkeeping Costs
Every business relies on accurate record keeping of expenses and income to keep them going. Up-to-date financial records can help determine if you can afford a new employee or if it is the right time to upgrade essential equipment. How do you know what a realistic advertising budget is if you are not keeping proper income/expense records? Proper bookkeeping gives you a current record of your financial status at all times.
While bigger businesses will most likely have a dedicated department handling their bookkeeping and accounting in-house, small business and startups might not be in a financial position to do so. Rather than relying on current employees who might not have the time to add bookkeeping to their duties, a new solution has presented itself.
It’s time for a virtual assistant bookkeeper. Virtual assistant bookkeepers are assistants who will handle all of your bookkeeping and accounting needs, as you determine them while working remotely. As they are not employees, they can provide you with easy-to-access, up-to-date records at a fraction of the cost it would if you hired a full-time employee for these duties.
What to Outsource?
Outsourcing your bookkeeping to a virtual assistant saves you money, but it is important to first determine what you need to outsource. Knowing what you want and what you need will allow you to delegate tasks like bank reconciliations, weekly/monthly financial reports, bill paying, tax prep, and audit assistance by properly outlining expectations for yourself and your new virtual assistant.
Is It Secure?
Virtual assistant bookkeeping can be as secure as in-house bookkeeping, provided that you take proper initial measures. Any virtual bookkeeper that you hire will have a secure server in place to keep your records safe. In addition, most will offer offsite backup of these servers, protecting your records and giving you maximum security. In short, offsite bookkeeping can be as safe, or safer, than the records you are already keeping for yourself.
Not only will this free up time for you, but a virtual assistant bookkeeper will ensure that you always have current, accurate records accessible to help you continue to make wise business decisions. Lower costs, increased accuracy and efficiency, and added security make virtual assistant bookkeepers a great option for all small businesses and startups.