The average salary of an in-house bookkeeper will cost you $56,000 to $83,000 a year. Digital bookkeeping can cut those costs down by up to 70%. Doesn’t that sound great?And that’s not all. There are plenty of advantages of virtual bookkeeping services that you need to know about. Keep reading to find out more.
1. Hiring a Digital Bookkeeper Is the Economic Solution
If you’re looking to cut costs in your business then look no further than virtual accounting services. In-house bookkeepers require a huge salary, bonuses, employee benefits, and after-hours increases.
Outsourcing your accounting needs to a virtual bookkeeper requires only one payment, or monthly payments, that are much more affordable than an in-house bookkeeper.
2. 24-Hour Access to Up-to-Date Books
With virtual bookkeeping accounting services, you’ll have access to real-time, accurate financial reporting as you need it — any time of the day. With this access, you’ll have the information you need at your fingertips to be proactive in your company’s growth.
Additionally, you’re able to communicate with your bookkeeper at any time to ensure clean and correct books. A bookkeeper will help you to read and understand the reports that they make and the Business Activity Statement (BAS) that they lodge so that you can ensure that there aren’t any errors.
3. You’ll Save Time
Not only will you save money with a virtual accountant, but you’ll save precious time, too — yours and your company’s. Firstly, if you’re a small business and you are doing all of your bookkeeping, then you know that it’s a time-consuming task. You should be focusing on what matters most — running your business.
Secondly, if you hire a virtual bookkeeper in Australia but you live in another area of the world, your business will run across time zones. Virtual bookkeepers also have flexible hours and don’t work according to standard working hours. They get the job done without you having to pay for overtime.
4. You’ll Work With Experts
You don’t have to worry about trying to keep costs down by hiring junior accountants and in-house bookkeepers with minimal experience. To keep your books up-to-date and perfectly in order, you need to work with professionals. But experienced in-house experts don’t come cheap.
Well, with virtual bookkeeping services you’ll be working with very experienced and talented bookkeepers from around the globe.
5. Access to Your Real-Time Financial Data
You can have 24-hour, instant access to your financial data at any time as long as you have a secure internet connection. In addition, your digital bookkeeper will advise you on the best functions and apps so that you can get what you need from your bookkeeping software.
Virtual Bookkeeping Services Is the Best Thing for Your Business
Who knew that virtual bookkeeping services came with so many awesome advantages for your business? You can cut costs without compromising on expertise and experience.
So, what are you waiting for? Sign up today with Future Accountants for efficient ongoing bookkeeping solutions to keep your business on track and your cash flow steady.