Virtual bookkeeping services have never been more in demand. These days, 58% of large companies use cloud accounting. With cloud accounting, it’s possible to bring in a virtual bookkeeping service with minimal onboarding required. That means you can simply create an account, allow your virtual bookkeeper to log in, and you’re ready to outsource countless bookkeeping tasks.
Here are some of the amazing things you can do if you use cloud accounting:
- Get help with your accounting software. Admit it. As much as you’d like to think you have everything wrapped up neatly inside some great accounting software, that software isn’t always as intuitive as it could be. Sometimes, it’s downright confusing. Having a virtual bookkeeping service helps you understand your way around QuickBooks and other accounting software so you don’t have to wonder if you’re doing it right.
- Get cash flow reports. You’re in charge of your business. But how much control do you have if you don’t know your own cash flow? If you want your virtual bookkeeping service to provide you with regular reports—such as cash flow reports, invoicing updates, even credit card usage monitoring—you can route that through a virtual bookkeeping service.
- Outsource your payroll services. Cloud accounting makes payroll management easier than ever. Having a virtual bookkeeper keep tabs on your most important data means you don’t constantly have to measure your payroll services. A virtual bookkeeper can also generate reports on what you can expect in terms of the payroll tax, giving you more accurate measurements of where your company stands.
- Outsource data entry. Have a lot of expense receipts that you’d like to get into the system? Need to fill out an Intuit table, or prepare for tax filing? Need to do bank reconciliations that require poring through absurd amounts of data? You don’t have to do all the data entry yourself; outsource it.
- Monitoring financial transactions. Your financial transactions are the lifeblood of your business. They not only determine your overall financial data, but they paint a picture of what your company’s doing every day. You can keep a bookkeeper’s eye on financial transactions while you focus on productive work.