What Does a Virtual Accountant Do For a Small Business?

You run a small business. You eat, sleep, breathe, and dream about your business and how to be as successful as possible. You sit down and make a list of your tasks as a small business owner, and you realize that your plate is not just full; it’s overflowing with tasks that you need to delegate. One of those tasks is accounting. You have piles of paper receipts, vendor files, virtual receipts, and more that you can’t seem to catch up with. Cue the accounting experts! A virtual accountant can help take these vital tasks off your hands and help you run a more efficient and organized business!

What is a Virtual Accountant?

Like a typical accountant, a virtual accountant works in partnership with you and utilizes online accounting tools to keep your business invoices, vendors, payments, and income organized and safe. However, this person is 100% online and doesn’t take up any room in your small business space nor do you have to go meet them at their office. The goal of a virtual accountant for businesses like yours is to keep you doing what you do best, while they do what they do best.

Find the Software That Fits Your Needs

Do you utilize accounting software? If you don’t have one, get one. Many small businesses use QuickBooks. Finding the best accounting software for you is something that a virtual accountant can assist you with. Virtual accountants can also teach you how to use the software from your end while monitoring and analyzing, and adjusting on their end.

 

Get Organized

Do you have piles of receipts, vendor files, and paperwork? Getting rid of the clutter might sound complicated, but a virtual accountant can help. Imagine transforming your office space with piles of paper to being spotless. How would it feel to have one central location online where all of your documents are neatly organized and can be accessed at any time? Going paperless will not only free up space in your office, but it will also save you time. Like those at Redmond Accounting, virtual accountants will help you transition to a 100% paperless accounting system. Keep your accounting documents organized and easy to find when you really need them.

Protect Your Assets 

Fraud protection is one of the most crucial reasons why you need to have a properly set up virtual accounting system. Falling victim to a fraud or scam can break your business and your spirits. People find creative ways to hack into systems every day, steal identities, and pretend to be trustworthy with one intent: to take your hard earned revenue. Protect yourself by having a watchdog, aka a virtual accountant, that can use accounting to help against fraud. They can focus on your accounts and investigate any odd activity. They will help you keep your accounts secure and always have a document trail to help keep you protected in case of any fraudulent activity.

Your Business is Your Life

When you run a small business, it becomes your life. However, you cannot do it all by yourself. Understanding your accounts and cash flow will help you make essential decisions on how to proceed in your business. A virtual accountant can help you stay organized, keep your accounts safe, and give you valuable information on your business’s current standings. If you are interested in hiring a virtual accountant to partner with your small business, schedule a consultation with the Redmond Accounting experts. We are here to help you succeed with their innovative, automated, and experienced services.