If bookkeeping takes 10 hours weekly, that’s 520 hours annually. This scenario plays out in countless businesses every single day. Meanwhile, the work that actually grows your business—meeting with clients, developing new products, strategizing for expansion—sits untouched on your to-do list.
Accounts Payable and Billing
Not a CPA, not a financial strategist, but a reliable, trained admin pro who can take over the routine accounting tasks that slow you down. My virtual assistant has a lot of real estate knowledge, and what she doesn’t know, she picks up quickly. “People ask me how I can afford a virtual assistant. Onboard your virtual assistant in as little as one week.
Freelance VA vs. managed VA service
According to CPA Practice Advisor, small businesses spend an average of 120 working days per year on administrative tasks and bookkeeping. Your next concern could be how to manage the productivity of the virtual bookkeeper. If you are looking for a virtual bookkeeper who will do more than just bookkeeping, you should check out 24/7 Virtual Assistant. While it’s up to you whether you want to hire someone with more qualifications or not, ensure you hire a skilled virtual assistant. This means you’ll have to inform them in advance and book a slot when you need their virtual bookkeeping service.
- If you don’t know how to calculate your taxes either, then you can end up paying extra.
- Outsource your non-core financial tasks to EVA and reduce employer liability, operational overheads, and resource strain.
- With freelance VAs, you’re responsible for the hiring, training, and onboarding.
- With nearly 20 years of experience, we set the standard for virtual assistant services.
- Managing in-house teams or freelancers often leads to operational gaps and unpredictable costs.
Bookkeeping Virtual Assistant Costs
Accounting professionals need marketing services because they need to make sure that they reach their target audience and stay relevant with their current customers. Accounting is the arduous process of recording and summarizing all the financial transactions a business makes. Furthermore, these professionals help lighten your workload so you have more time for other things.
Here are some methods to find a good virtual assistant bookkeeper. The biggest advantage of hiring a virtual assistant is the cost. While the role of a virtual assistant bookkeeper can tell you the benefits already, there’s no harm in reiterating certain points.
How to hire a virtual bookkeeping assistant?
They take on the routine tasks, freeing you from tedious hours of data entry and organization of financial statements. When you work with managed accounting VAs, you can rest easy that they have training in Sometimes it’s unclear how much accounting software experience freelance VAs may have. Companies that manage VAs already have this covered and have professional contracts for their employees to sign.
Management of Financial Software
It’s even better if they’re up-to-date with the latest technology in the field of bookkeeping! Any bookkeeper you choose will need to be intimately familiar with such technology. The bookkeeper or agency, you choose must be experienced in your particular niche. For the most part, you’ll find independent bookkeepers online. It helps measure the individual performance of the client and how much value they add to the business. A project manager will overlook the entire account and send you reports as and when required.
Getting Started with Your Virtual Bookkeeper
- When you don’t have to spend time on repetitive tasks, you’ll have more time to focus on pressing issues.
- Some bookkeeping experts also recommend changes you should make to increase the firm’s profit.
- Professional bookkeeping VAs maintain accuracy and stay current with tax regulations.
- Gain access to skilled professionals from virtually every industry and role.
And you might not always have the time to mail, message, or call them. Receivables are essential, especially when the business thrives on customer’s payments. Just like how paying bills on time is necessary, so is getting paid.
Different virtual bookkeeping assistants specialize in various areas of bookkeeping. Bookkeeping virtual assistants will help you remember to pay the interest for loans, credit cards, and other bills. What makes a virtual assistant bookkeeper different is that they work remotely and only when you need their services.
Your invoices are piling up, expense receipts are scattered across three different folders, and tax season is approaching like a freight train. If you’re a small business owner, you know the feeling all too well. Virtudesk, a leading business service provider, is your one-stop shop for handling the rest while you scale your success. I am very happy with the assistance Virtudesk is providing for my real estate business. I needed a very particular person to add to my team and let me tell you I am highly pleased!
With a VA managing reconciliation, your team can stay focused on higher-level financial work without falling behind on the basics. This keeps your financial transactions accurate and gives your team more time for analysis, forecasting, and strategy. They’re especially useful if your team is stretched thin or doesn’t need a full-time in-house hire, whether you’re working with a freelance bookkeeper or using part-time help.
What are the benefits of hiring a virtual assistant for accountants?
They’re here to keep things organized, accurate, and efficient, not to steer the financial ship. They can also flag inconsistencies or trends, helping your team catch issues early and keep your balance sheets accurate. Bookkeeping VAs can take the lead on generating templated financial reports—monthly, annual, or ad hoc. They act like an extension of your team, so nothing is missed. With a VA using your tools, you get extra support without extra overhead.
Having organized financial records is the key to a successful business. It leaves the business owner to focus on more important aspects the trial balance of the company. If they do their job, then things like payments and taxes take place on time.
With real-time bookkeeping, turnaround may be as short as a few days, with expedited alternatives offered. Our bookkeeping services start at only $8/hour, lowering costs by 35–50% compared to internal staff. Outsource your non-core financial tasks to EVA and reduce employer liability, operational overheads, and resource strain. EVA is a strategic extension of your finance team, combining deep accounting knowledge to ensure compliance, scalability, and accuracy.
What works when you’re a solopreneur with 20 transactions per month becomes unmanageable when you’re running a growing company with employees, multiple revenue streams, and serious tax obligations. Assess how clearly they explain financial concepts in understandable language, not just accounting jargon. According to Bureau of Labor Statistics data, the median annual wage for bookkeeping, accounting, and auditing how to become quickbooks proadvisor clerks was $49,210 in May 2024. Advanced skills include custom reporting, multi-user management, and integration capabilities.
We manage payroll processing, invoicing, payment sage invoice template download monitoring, and vendor management to streamline your finances. Our bookkeeping experts use cloud-based systems to manage high-volume datasets efficiently. We follow GAAP and IFRS standards and GDPR compliance for secure outsourced bookkeeping services.
